MZpack API 2.3.23 beta

What’s new

– Added ‘Hammer with Absorption’ signal.
– Absorption settings have been added to ‘Footprint’ category
– Added 3rd part of position.
– Added ‘Suspend after trade’ option
– Optimization is available for all main parameters.

Hammer with Absorption signal

The Hammer with Absorption signal will open a trade if thereis an absoprtion (trapped sellers or buyers) in a hammer candle. POC filter can be applied – absorption must be at POC or below/above POC level

EXAMPLE:

On the image we see a footprint chart in which bearish hammer bar with Short entry mark contains sell absorption (108 green value on the ask side in orange box)

LONG:
– A bullish hammer candle with buy absorption (trapped sellers) in the wick
SHORT:
– A bearish hammer candle with sell absorption (trapped buyers) in the wick