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Naked Forex Tweezer Indicator for MT4

Tweezer 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 indicator does what he was designed for: displaying Tweezer patterns.   Don't expect to follow the up and down arrows and make money. Trading is not that simple. The Tweezer pattern is a starting point. The arrow is not a confirmed BUY and SELL signal in itself. The Tweezer indicator alerts you that   the market might be at a turning point now. Then you must use other elements of your strategy (trend, momentum, support/resistance, volatility, daily bias, and other indicators) to confirm the signal and place a trade.

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 
  • 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.
  • UseEngulfingFilter (true/false): if set to true then ignore patterns that do not include engulfing bar
  • 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:
  • Tweezer Pro Indicator (pro version with more settings and features): More info


Warning:

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

Beware that Metatrader for Android and Metatrader web versions do not support custom indicators. Our product will not work with those Metatrader versions. Only works with Windows 32 and 64 bits application version of Metatrader.


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VIEW INDICATOR MANUAL Note!  "Arial Bold" font should be installed in your operating system, specially on windows 10 server. Indicator can be applied with all types of instruments including Forex, Stocks, Commodities, Indices, etc. Just adjust the indicator scale accordingly. Metatrader 5 version available Indicator Benefit The indicator is inspired by WD Gann trading style & customized for the modern market with a simplistic approach. It is designed for scalping to day trading. A complete
180 USD
Price Action Breakout
Cai Liang
Price Action Breakout is one of the most popular trading strategy. This Price Action Breakout indicator is designed using several indicators combined to be one strategy. It is very useful for traders that trade based on the breakout strategy. It will make it easier to identify the support and resistance levels. This Price action indicator will draw the support and resistance levels on the chart, so it will make it easier to identify the support and resistance levels. It will inform about the sup
300 USD
MarketMeter
Stanislav Korotky
This is an easy to use indicator based on multitimeframe cluster analysis of specified currencies. It provides simple yet powerful signals for trading and gives numerical measures of signal strength in percentage value. After placing the indicator on a chart, it displays a table with the following structure: all symbols with currently available opportunities to trade are listed in rows, and trading strategies are listed in columns as short-term (hours), mid-term (days), and long-term (weeks) tra
149 USD
TickUnit Scalper Currency Strength28 PRO
Bernhard Schweigert
CURRENTLY 26% OFF !! ⭐⭐⭐⭐⭐  This indicator is a super combination of both our main indicators ( Advanced Currency Strength 28 and Advanced Currency IMPULSE with ALERT ). It shows Currency Strength values for TICK-UNITS and alert signals for 28 Forex pairs. 11 different Tick-Units can be used. Those are 1, 2, 3, 4, 5, 6, 10, 12, 15, 20, and 30 Seconds. The Tick-Unit bar in the sub-window will be shown and shifted to the left when there is at least 1 tick within the second’s timer.  With only ONE
148 USD
VTrende mt4
Andrey Dyachenko
VTrende - МТФ индикатор для трендовой торговли с панелью индикации для МТ5 !!! - Подробное описание на русском языке под видео (на Youtube) - !!! 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 тр
497 USD
TR Breakout Patterns Scanner
Oluwatosin Aboluwarin
This price action indicator automates the detection of trend breakout patterns and retest breakout patterns . It generates trade signal with analytical entry, stop loss (SL) and take profit levels (TP1, TP2 and TP3). The chart pattern recognition is based on a pure price action proprietary algorithm that analyses raw market data. Features Notifies through sound alert, push notification and email when signal is detected and the stop loss and profit levels are reached. It can be applied to any f
300 USD
PTS Precision Divergence Finder
PrecisionTradingSystems
Precision Divergence Finder was designed to find market bottoms with pinpoint accuracy and frequently does so. In technical analysis, the art of picking bottoms is generally much easier than picking tops and for this reason this product does NOT produce sell signals. The complex algorithm seeks out and counts the number of active Demand Index divergences present on a real-time bar by bar basis. The model observes when the market price is making a new low and the Demand Index is NOT making a new
275 USD
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ac.petre
19
ac.petre 2020.09.16 17:32 
 

El usuario no ha dejado ningún comentario para su valoración

Traine
141
Traine 2020.09.23 16:25 
 

Not a good developer to work with! Had some issues with getting the indicator to work, reached out to him for his assistance, sent him proof that I paid for his indicator, and didnt get any help. Indicator is ok, but when you purcahse something at this price range, you would think you would get a level of support and care that most developers give for a 10.00 indicator. So my advice is to move on and find a different developer if you are looking for an indicator and could need some support.

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Versión 2.50 2020.10.13
New input: TailCompareMode
Versión 2.40 2020.10.13
New input: TailCompareMode
Versión 2.10 2020.09.22
Display correction
Versión 2.1 2020.09.22
Modification of properties
Versión 2.0 2020.09.22
Minor pattern corrections
Versión 1.80 2020.09.16
Enhancement in the pattern
Versión 1.70 2020.09.15
Enhanced version with internal settings optimization
Versión 1.50 2020.09.11
Pattern enhancement