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Naked Forex Tweezer Pro Indicator for MT4

Tweezer Pro Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos.

The standard Tweezer is a two bar pattern. Our enhanced version is a multi-bar pattern. We filter the patterns for you so that you only get the  best and most effective patterns and ignore the noise.

The Tweezer pattern is a simple and effective pattern to trade.
The strategy that comes with the Tweezer is based on price action.

The Tweezer Pro version let users define their own pattern definition. This version is meant for expert traders who want to use their own optimized settings.

Inputs of the indicator are:

  • Distance: distance in pixel relative to top or bottom of candle to display the arrow symbol
  • MaxBars: maximum number of bars back to calculate searching for signals 
  • Settings (automatic/manual): you can either use the defaults settings optimized by Justin Mueller (automatic) or use your own settings (manual).
  • TradeDirection (Long/Short/LongAndShort): you can filter signals and only show BUY signals (Long) or SELL signals (short). Default settings is LongAndShort (no filter).
  • TrendPeriod (20 as default): number of candles the indicator should look back to determine current trend direction.
  • CandleSize (0.5 as default): minimum size for candles to consider pattern as valid (0.0:no filter, 0.5:middle size candle, 1.0:big candle only).
  • TailSize (0.0 as default): minimum size for the tails to consider pattern as valid (0.0:no filter, 0.2:middle size tails, 0.4:big tails only).
  • TailCompareMode (Relative/Absolute): use size of candles (Relative) or size of tails themselves (Absolute) as a reference to compare tails sizes differences and valid the pattern.
  • SameTailsSize (0.9 as default): check accuracy of same candle wicks size to validate pattern (0.0:ignore wick size criterion, 0.8:strict same size, 0.9:very strict same size).
  • SameOpenClose (0.9 as default): check accuracy of same open and close for the candles (0.0:ignore criterion, 0.8:strict same open/close, 0.9:very strict same open/close).
  • UseEngulfingFilter (true/false): if set to true then ignore patterns that do not include engulfing pattern.
  • UseEngulfingEvenAfter (true/false): if set to true then will also consider engulfing pattern with the next candle after the Tweezer formation.
  • UsePreAlerts (true/false): to enable pre-alerts. It is required to set this value to true if you want to receive pre-alerts.
  • PreAlertsSeconds (30): time in seconds before the close of the candle when pre-alerts will be activated (pre-alerts can disappear).
  • UseConfirmedSignals (true/false): generate alerts for confirmed signals (at the close of the bar). It is required to set this value to true if you want to receive confirmed signals alerts.
  • PopupAlerts (true/false): to enable alerts of type Popup window
  • EmailAlerts (true/false): to enable alerts of type Email
  • PushAlers (true/false): to enable alerts of type Push Notification
  • SoundAlerts (true/false): to enable alerts of type Sound
  • SoundFile: file to be used for sound alerts
Trading rules:

  • For BUY: wait for a bullish Tweezer (Tweezer bottom) to print on a support zone after a down trend. Wait for price to break high of the Tweezer pattern (5 pips above the high for H1 and higher time frames). Immediately enter in the trade once high is broken. You also can use a BUY STOP order placed 5 pips above the high of the candle (plus spread). Stop Loss should be placed below the low of the Tweezer pattern. If order is not triggered in the next candle then trade is invalidated and should be canceled.
  • For SELL: wait for a bearish Tweezer (Tweezer top) to print on resistance zone after an up trend. Wait for price to break the low of the Tweezer pattern (5 pips below the low for H1 and higher time frames). Immediately enter in the trade once low is broken. You also can use a SELL STOP order place 5 pips below the low of the candle. Stop Loss should be placed above the high of the Tweezer pattern. If order is not triggered in the next candle then trade is invalidated and should be canceled.
The Tweezer indicator can be used with any time frame.

The Tweezer indicator can be used with any class of asset: Forex, Stocks, Indices, Futures, Commodities and Cryptos.


Other products:

  • Fx Levels Indicator to draw S/R : More info




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Scalping Indicator Pro is a powerful indicator that works in trend as well as non trending market conditions. This indicator is perfect for scalp trades as well as swing trades. Scalping Indicator Pro is not just an indicator, but a trading strategy itself. It doesn't requires any additional indicators for the trading setup. Check out the indicator in action. [Video demonstration below] Why use Scalping Indicator Pro? Great for novice traders as well as experienced traders. Low risk entrie
199 USD
NN8D Points
Aleksandr Nikolskii
NN8D Points is one of the indicators included into NN8D ( N ikolsky's N esting D oll) trading system. NN8D Points is an indicator containing multiple tools for analyzing Forex market: candle analysis and area system. Rather than simply averaging by Open, Close, High and Low prices, NN8D Points performs a complex analysis of the current and previous bars by various parameters: bar color; bar body size; bar wicks; bar core (average value between Open and Close, as well as between Lows and Highs);
500 USD
ACB Breakout Arrows
KEENBASE SOFTWARE SOLUTIONS
The ACB Breakout Arrows indicator provides a crucial entry signal in the market by detecting a special breakout pattern. The indicator constantly scans the chart for a settling momentum in one direction and provide the accurate entry signal right before the major move.  MT5 Version is available here https://www.mql5.com/en/market/product/23373 Key features Stoploss and Take Profit levels are provided by the indicator. Comes with a MTF Scanner dashboard which tracks the breakout signals acr
180 USD
Automated Actual Support Resistance A2SR
Yohana Parmi
A. What is A2SR ? -- Full guidance : -- at   https://www.mql5.com/en/blogs/post/734748/page4#comment_16532516 -- and  https://www.mql5.com/en/users/yohana/blog A2SR has a special technique in determining the levels of Support ( demand ) and Resistance ( supply ) . Unlike the ordinary way that we seen on the net, A2SR has a original concept in determining actual SR levels. The original technique was not taken from the internet, and it has never been published on the internet either. A2SR will
250 USD
Nihilist and ForexAlien Indicator
TRADERWE FOREX SL
The Nihilist 5.0 Indicator includes Forexalien and Nihilist Easy Trend trading strategies and systems. It is composed of an MTF Dashboard where you can analyze the different input possibilities of each strategy at a glance. It has an alert system with different types of configurable filters. You can also configure which TF you want to be notified on your Metatrader 4 platform and Mobile application The indicator has the option to view how could be a TP and SL by using ATR or fixed points, even
299 USD
Two Candles to Glory
Ellan Dirgantara Tholkhah
This is a Binary Options signal indicator. Extremely powerful for the 1 min chart. The signals are based on my personal tweak (based on real trial and error & backtested) of the RSI, ADX and Ichimoku and my observation on how price moves. It turns out, 2 candles expiry is the most consistent with this set up. How to use: 1. Wait for arrow signal to show. 2. Place a 2 candle expiry right after the close of the signal candle. So if you are trading a 1 min chart, place an expiry for 2 mins... if yo
300 USD
X3 Chart Pattern Scanner MT4
Young Ho Seo
Introduction to X3 Chart Pattern Scanner X3 Chart Pattern Scanner is the non-repainting and non-lagging indicator detecting X3 chart patterns including Harmonic pattern, Elliott Wave pattern, X3 patterns, and Japanese Candlestick patterns. Historical patterns match with signal patterns. Hence, you can readily develop the solid trading strategy in your chart. More importantly, this superb pattern scanner can detect the optimal pattern of its kind. In addition, you can switch on and off individua
280 USD
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Volume Price Confirmation Indicator VPCI
Renaud Candel
VPCI means Volume Price Confirmation Indicator. This indicator was created by Buff Dormeiers in an effort to codify price volume confirmation in an indicator. VPCI won the Dow award in 2007. You can build profitable trading system with VPCI like John Bollinger did. This indicator is now available with Metatrader platform. Inputs of the indicator are: MA_ShortPeriod: short period of moving averages to be used for calculations MA_LongPeriod: long period of moving average used for calculations MA_S
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Heiken Color Indicator
Renaud Candel
Heiken Color is a simple indicator showing Heiken Ashi candles color, not in your chart but rather in a separate window. The indicator is useful if you want to use Heiken Ashi indicator without changing your chart display. Heiken Ashi can be used to filter signals or spot better entry after another indicator gave you a signal. Heiken Color indicator has no inputs. Heiken Color indicator can be used with any class of assets: Forex, Equities, Commodities, Futures. Heiken Color indicator can be use
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TTM Squeeze Indicator for MT5
Renaud Candel
TTM Squeeze is an indicator to time entries based on volatility. Good timing might be more important than direction. If you are right with direction but you don't have correct timing then you could end up losing money in the market. If you have good timing and only pick direction correctly 50% of the time you might be profitable with correct risk management. The indicator will plot red and white points (squeeze line in the center) and histogram (above and below the center line). When the indic
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Naked Forex Kangaroo Tail for MT5
Renaud Candel
Kangaroo Tail Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Commodities, Metals, Cryptos. The Kangaroo Tail is a simple and very effective pattern to trade. The strategy that comes with the Kangaroo Tail is purely based on price action. Inputs : CandleSizeATR: filter signals depending on the size of candle (0.5 to 1.5 recommended range of values) TradeDirection (Long/Short/LongAndShort): filter signals for BUY and SELL Distance: distance in pixel relative to top or bot
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Sqn Max EA for MT5
Renaud Candel
Sqn Max is an exclusive strategy and EA to trade the market with high effectiveness. The strategy is based on price action, volatility and trend. This strategy is as simple as possible but not too simple. The strategy can be used with any class of assets and with any time frame. We had great success using the H1 time frame, trading stocks, cfds, options, indices,and ETFs from the American stock market but of course this is not limited to this class of asset. I am sure you can test yourself and
870 USD
Round Numbers Indicator
Renaud Candel
Round Numbers indicator is a simple but useful indicator to draw 00 and 50 price levels in your chart. These levels act as supports and resistance and therefore have to be taken into account when trading. These levels can be used as profit target for instance. Inputs of the indicator are: GridColor00: color to be used for xx00 levels GridStyle00: line style to be used for xx00 levels GridWidth00: line width to be used for xx00 levels GridColor50: color to be used for xx50 levels GridStyle50: lin
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Dashboard Display indicator
Renaud Candel
With the Display indicator you can create a nice, customized and professional dashboard in a few minutes. You can get your personal dashboard and have a look at a glance of real time updated professional indicators. You can use the Display indicator with any symbol of your platform. You also can use specific symbols like: DXY indicator (USD Index) VIX indicator (Fear index indicator from the Chicago Board Option Exchange, requires to purchase DisplayVIX EA to have it working fine) These two indi
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Daily Pivots Multi
Renaud Candel
Daily Pivots Multi is an exclusive indicator to draw your pivots levels and much more. Most indicators draw daily pivots for the day. Daily Pivots Multi is able to draw levels for different days. The indicator can do the calculation for unlimited number of days backward. It means that you can draw the levels for today but also for the past days. This is very useful if you want to study a strategy with Pivots levels over a period of time. Another problem is that each broker uses a different time
117 USD
BinaryG Market Analyzer
Renaud Candel
BinaryG is an exclusive indicator to trade Binary Options and Forex with your Metatrader trading platform. BinaryG is able to analyze market participants behavior and to predict changes in the price direction even before movement starts. Most indicators are lagging indicators and are useless. BinaryG is a unique leading indicator. The indicator displays arrows in your chart (please see screenshot attached) showing the probable direction of price action. Usually purple and yellow arrows. BinaryG
147 USD
BinaryMagic Reversal
Renaud Candel
BinaryMagic Reversal is an exclusive indicator to spot situations where market has gone too far and market could reverse. The indicator displays arrows in your chart indicating probable future price action (see screenshot attached). By default, it uses orange arrows. BinaryMagic never repaints. Once candle is closed signal is confirmed and arrow will never disappear. Users of the indicator can setup alerts when new arrows are displayed in the chart. Inputs of the indicator MaxBars: bars to dra
147 USD
Market Speed Alerter
Renaud Candel
Market Speed Alerter will inform you about danger to operate in the market. Imagine you see a very nice setup (Forex, equities, binary options) and you decide to place your trade... And you finally lose your trade and don't understand what happened. This can happen due to big operations in the market carried out by banks and big institutions. These operations are invisible for most people. Now with the Market Speed Alerter you will be able to detect those operations... and stay out to avoid lose
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Dashboard DisplayVIX EA
Renaud Candel
DisplayVIX is part of the Dashboard Display suite. With the Dashboard Display you can create a nice, customized and professional dashboard in a few minutes. With the Dashboard Display you can get your personal dashboard and have a look at a glance of real time updated professional indicators. DisplayVIX is the EA that makes it possible to display VIX indicator in your dashboard. VIX gives indication about volatility and stability of the market. It is a very important indicator for all profession
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Normalized Volume
Renaud Candel
99% of indicators are based on price analysis. This indicator is based on volume. Volume is underestimated piece of information in most trading system. And this is a big mistake since volume gives important information about market participants. Normalized Volume is an indicator to confirm reversal points. You could enhance dramatically your trading system using Volume analysis. This is what most professional traders do. Inputs of the indicator are followings: MaxBars: number of bars in the char
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Fisher Kuskus
Renaud Candel
Fisher Kuskus is an indicator used by scalpers on low time frames like M1. The Fisher Kuskus is now available on Metatrader platform. Inputs of the indicator are : Period : period to be used for calculation of the indicator PriceSmoothing : value of 0.0 to 0.99 IndexSmoothing : value of 0.0 to 0.99 The indicator can be used with any Forex pair. It can also be used with other classes of assets, like Equities, Commodities, Futures.
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Color Volume Indicator
Renaud Candel
Color Volume is a user friendly indicator to analyze volume of market assets. Volume is rarely used by traders who are more focused on price action. This is a big mistake since volume gives valuable information about market participants. Volume is very useful to spot reversal zones and is used by all professional traders. Take advantage of volume analysis to get an edge in the market. Inputs of the indicator are the following: MA_Period: period to be used to calculate mean volume MaxVol: level o
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Matrix Indicator
Renaud Candel
Matrix Indicator is a simple but effective indicator. Matrix indicator displays usual oscillators indicators in a user friendly color code indicator. This makes it easy to identify when all indicators are aligned and spot high probability entries. Inputs of indicator are: Indicator: RSI, Stochastic, CCI, Bollinger Bands Param1/Param2/Param3: usual settings for the indicator ValueMin: Oversold level for oscillator ValueMax: Overbought level for oscillator The indicator can be used with any class
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Keltner Channel Indicator
Renaud Candel
Keltner Channel is an oscillator like Bollinger Bands. Keltner Channel displays a channel where price is supposed to stay unless we are in overbought or oversold situations. Various strategies use Keltner Channel indicator successfully to spot overbought / oversold situations and look for reversals. Keltner Channel indicator uses ATR to determine overbought and oversold situations. Inputs of the indicator are the followings: Keltner Period: period to be used for the moving average calculation Mo
67 USD
Trend Direction ADX
Renaud Candel
Trend Direction ADX is part of a serie of indicators used to characterize market conditions. Almost any strategy only work under certain market conditions. Therefore it is important to be able to characterize market conditions at any time : trend direction, trend strength, volatility, etc.. Trend Direction ADX is an indicator to be used to characterize trend direction : trending up trending down ranging Trend Direction ADX is based on ADX standard indicator. Trend Direction ADX displays easy to
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Volatility Strength
Renaud Candel
Volatility Strength Indicator is part of a series of indicators used to characterize market conditions. Almost any strategy only work under certain market conditions. Therefore it is important to be able to characterize market conditions at any time: trend direction, trend strength, volatility, etc.. Volatility Strength is an indicator to be used to characterize volatility of asset: high volatility medium volatility low volatility Volatility Strength Indicator displays easy to read information a
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Binary Reversal Seeker
Renaud Candel
Binary Reversal is an exclusive indicator looking for reversals in the market. The indicator is accurate and produces effective entries both for binary options and Forex trading. The indicator displays arrows in your chart (please see screenshots attached) showing the probable reversal of price action (usually, blue arrows). Binary Reversal never repaints. Once a candle is closed, a signal is confirmed and the arrow never disappears. Users of the indicator can setup alerts when new arrows are di
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Trend Strength M Indicator
Renaud Candel
Trend Strength M is a part of a series of indicators used to characterize market conditions. Almost any strategy only works under certain market conditions. Therefore, it is important to be able to characterize market conditions at any time: trend direction, trend strength, volatility, etc. Trend Strength M is an indicator to be used to characterize trend strength: Up extremely strong Up very strong Up strong No trend Down strong Down very strong Down extremely strong Trend Strength M is based o
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OBOS Indicator
Renaud Candel
OBOS Indicator is an exclusive indicator to spot entries based on price action. The OBOS Indicator is both effective and user friendly. Indicator uses simple color codes and levels to indicate Overbought and Oversold conditions. No more headache. The OBOS Indicator will only gives you indication when there are possible entries. Means you only get useful information. To use the indicator, please follow the rules: wait for the indicator to give you an overbought or oversold signal (usually blue an
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Money Manager Indicator
Renaud Candel
Money Manager is an exclusive panel to process all calculations related to position sizing and risk management. Position sizing is one of the most important aspect in trading. It is often neglected by traders and this is a big mistake. Traders often look for strategies with high win rates whereas in fact one can earn very good money in the market with only 40% to 50% winning rate. How is that possible to earn money with such a low winning rate ? The answer is position sizing and risk management.
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Money Manager EA
Renaud Candel
Money Manager is an exclusive panel to process all calculations related to position sizing and risk management. Position sizing is one of the most important aspect in trading. It is often neglected by traders and this is a big mistake. Traders often look for strategies with high win rates whereas in fact one can earn very good money in the market with only 40% to 50% winning rate. How is that possible to earn money with such a low winning rate? The answer is position sizing and risk management.
165 USD
Bar Strength Indicator
Renaud Candel
BarStrength Indicator is an exclusive indicator to trade Forex, Stocks, Indices, Futures, Commodities and Cryptos. BarStrength Indicator shows the strength of each candle. The indicator shows in a separate windows candles relatively to 2 price levels representing resistance and support in the market. Once candle is near resistance it is highly probable that price movement will change direction and will go down in the next candles. Once candle is near support it is highly probable that price move
137 USD
Trend Direction UD Indicator
Renaud Candel
Trend Direction UD is part of a series of indicators used to characterize market conditions. Almost any strategy only works under certain market conditions. Therefore it is important to be able to characterize market conditions at any time: trend direction, trend strength, volatility, etc.. Trend Direction UD is an indicator to be used to characterize trend direction: trending up trending down ranging Trend Direction UD is based on technical analysis. Trend Direction UD displays easy to read inf
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Micro Trend System
Renaud Candel
Micro Trend System is an exclusive indicator that combine 4 trend indicators and that come with a complete set of rules to trade Binary Options. The Micro Trend System can also be used to scalp forex. Most trading systems look for tops and bottoms to enter trades but this is very tricky to trade this way. The Micro Trend System looks for a micro trend and for continuation of this trend on the short term which is much easier and safer to trade. To have reliable indication of the trend we combined
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HighLow Arrow Indi Free Version
Renaud Candel
HighLow Arrow is a simple indicator to be used to signal major lows and major highs in your chart. This indicator is not intended to be used to trade. It is just a visual help to have clean chart and see price action. The HighLow Arrow is used by traders using the Micro Trend System ( https://www.mql5.com/en/market/product/20589 ). In this case the HighLow Arrow indicator signals that a new high or a new low is forming and that traders can prepare for seeking new signals with the Micro Trend Sys
139 USD
Micro Trend Arrow
Renaud Candel
Micro Trend Arrow is an exclusive indicator that combine more than 4 trend indicators and that come with a set of rules to trade Binary Options. Micro Trend Arrow is based on Micro Trend System ( https://www.mql5.com/en/market/product/20589 ) with further signal filters and use of arrows that display in the chart to show signals. Most trading systems look for tops and bottoms to enter trades but this is very tricky to trade this way. The Micro Trend Arrow looks for a micro trend and for continua
147 USD
Easy Fibo Indicator
Renaud Candel
EasyFibo is an exclusive indicator to use fibo levels in a very simple way. Fibonacci levels is a very important tool in trading, used by technical as well as fundamental traders. Unfortunately usual fibo indicators are difficult to use. Now with EasyFibo it is easy to use fibo levels to trade. The indicator uses color codes to identify the extensions levels that match with the pullbacks levels. Once you identify a pullback in a trend you can easily set your profit target using the EasyFibo indi
67 USD
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Version 2.50 2020.10.13
New inputs: TailSize, TailCompareMode
Version 2.40 2020.10.12
New features to specify type of tails
Version 2.30 2020.10.09
Change of label in the inputs
Version 2.20 2020.09.25
Correction of properties display
Version 2.10 2020.09.22
Display correction