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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).
  • 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:

You might also be interested in following products:

  • Fx Levels Indicator to draw import support and resistance levels : More info


Warning:

Mac users cannot use custom indicators with Metatrader. Please contact us in private prior to purchase if your are Mac user.

Metatrader for Android and Metatrader web versions do not support custom indicators. 



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Sentinel Power follow trend. Color change trend changed. Works in USDTRY/EURTRY/GOLD/SILVER/EURUSD/EURJPY/GBPUSD/EURGBP/GBPJPY/AUDJPY/AUDUSD/AUDCAD/US500/JP225 and all pairs Best timeframes 5M/15M/1H/4H/DAILY Signal on close of a bar. DOES NOT repaint. DOES NOT repaint. DOES NOT repaint. DOES NOT repaint. DOES NOT recalculate. DOES NOT recalculate. DOES NOT recalculate. DOES NOT recalculate Settings EmailOn : true/false  PushNotificationOn : true/false  SoundOn : true/false 
999 USD
Fractal Pattern Scanner MT4
Young Ho Seo
Breakout Trading and then Recommend for Turning Fractal Pattern Scanner will do the complicated calculation at background. However, it provides simple trading operation. The Mother Wave pattern will provide you breakout trading opportunity. When the price crosses the breakout line, there is a good chance to catch profit from this breakout. The good thing is that it also provides the potential reversal price level as soon as the breakout pattern is detected. In summary, you use breakout for the
220 USD
VTrende mt4
Andrey Dyachenko
VTrende - МТФ индикатор для трендовой торговли с панелью индикации для МТ5 Хотя сигналы индикатора VTrende можно использовать, как сигналы полноценной торговой системы, рекомендуется применять их в связке с ТС Билла Вильямса. Основная задача индикатора - определить точки изменения направления тренда. Сигнал индикатора появляется в двух вариантах: На опережение - когда тренд заканчивается На продолжение - когда тренд уже идет Индикатор показывает два вида сигналов: Основные - F1/F2 С
497 USD
POWR Rise Coming
Trade Indicators LLC
This indicator is SO SIMPLE… when the green Rise Coming arrow appears, a price drop may be on the way! Plain and easy profits! As you receive more than one 'Rise Coming' text signal in a downtrend, it means momentum is building larger for a bull run. HOW TO USE 1. When the green "Rise Coming" text appears, a price jump may be on the way! This indicator Never Repaints! To get the best setting it's a matter of tweaking the indicator until it gives you the best results. Our recommendation, and what
197 USD
POWR Long Short Zones
Trade Indicators LLC
Wouldn’t you love a heads up alert when the market is switching from bullish to bearish momentum? When the background turns green, there is your signal to place a long trade to increase your profitability. Also, when the background turns red, guess what? It’s time to go short for profits. HOW TO USE 1. When the background turns green, this is the best place to take long trades. This also represents a bull market. 2. When the background turns red, this is the best place to take short trades. This
197 USD
Weis Wave with Alert
Panagiotis Diamantopoulos
**NEW Speed Index + Auto Volume Waves **** How to trade with it:  https://www.tradethevolumewaves.com/blog Visit:  http://www.tradethevolumewaves.com   Manuals:  https://www.tradethevolumewaves.com/manuals Youtube channel:  https://www.youtube.com/channel/UCTAzhvsnzPppdqWJS-MWafQ This is a Weis Wave indicator which is based on Richard D. Wyckoff theory. It works in all time periods, range bar and tick bar charts and it can be applied to any market. This indicator is adding the volumes of the cor
420 USD
Bostrela
Tatsiana Mironava
Данный индикатор разрабатывался для бинарных опционов, а также для  скальпинга на рынке Forex. Основная цель индикатора – определение моментов зарождения импульсной свечи с продолжением краткосрочного тренда с целью взять несколько пунктов. Несмотря на всю видимую простоту индикатора, внутри у него сложный алгоритм. Индикатор дает точные и своевременные сигналы на вход и на выход из сделки, которые появляются на текущей свече. Индикатор в среднем дает сигналы на 1-2 свечи раньше аналогов. Пользо
200 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