The Hammer candlestick forms when the open, high, and close are nearly the same, with a long lower shadow signaling a bullish rejection by buyers aiming to drive the market higher.The hammer is a reversal candlestick pattern when it occurs at the bottom of a downtrend . Characteristics of a Hammer Candlestick: Interpretation: Bullish Reversal Signal: The long lower shadow indicates that sellers pushed the price down significantly during the trading session, but strong buying pressure ultimately drove the price back up near the opening level. This suggests that buyers are starting to gain control. Hammer Implementation in python Line-by-Line Explanation 1. Importing Libraries 2. Change Current Working Directory 3.…