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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:

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Bintang Binary Indicator work all pairs Time Frame : All Time Frame Expaired : 1 Candle No Repaint, No Delay and Alerts Use manual and auto trading  Easy to use Trial Version, Rent Version and Full Version avaliable Trial Version >>> download here  https://www.mql5.com/en/market/product/54602 Trial Version not have Alerts Rent version 1 month, 3 month, 6 month, 9 month, and 1 years Auto trading is better use MT2 Trading Platform (Contact me for discount 10 % MT2 trading licence) Work good for f
280 USD
Probability Tool Suite Elite
Premier Global Holdings
The elite (V3) multi-indicator suite from JoaquinTrading specifically geared towards Forex & binary options, including regulated exchanges such Nadex, Cantor Exchange, and other binary option brokers. The Probability Tool Suite Elite will provide the given win/loss outcome probabilities of up to 10 strike levels, a specific expiration duration, based on a combination of up to 16 indicators, rules, or conditions and derivative behavior (i.e. expiry, touch, touch & retrace).  Using this indicat
199 USD
Arrow U turn
CHARNCHAI PHROMPAENDEE
Arrow U turn  Ver.3.2 Up Date line buffer 2-3 ("3AB=X"::สามเงื่อนไข เท่ากัน 1สมการ ที่เก็บค่าไว้ ) Refresh  line  10  candle/Minute  For binary or iQ *Non-Repainting MA + Fractal *No-Sideway  because  "Band_ATR" is  control Arrow *Working MT4 Only  is  Binary trand   M1  / M5  ok.  Martingale 5/5 or < 5  // 5 candle *trade on H1-D1 for Forex MT4 Parameters : --------------------------------------------------- BB1_TMA+ATRfunction_Mode:: Bands Period                    
220 USD
Paul BuySell Indicator
Prabir Paul
Non-Repainting & Trend Following Indicator   A simple tool for all traders.  Paul Indicator detects trend, eliminates noise and show Buy and Sell level in the screen window. This Buy Sell Indicator is is very simple and useful. This Indicator will not produce Buy and Sell Signal alternatively ignoring trend but It follows trend and produce good Signal only. For Details Information, go through this article:  https://www.mql5.com/en/blogs/post/734212 Advantages Non-Repainting & Trend Followin
300 USD
Excessive Momentum Indicator MT4
Young Ho Seo
Introduction Excessive Momentum Indicator is the first indicator to measure the excessive momentum directly from raw price series. Hence, this is an extended price action and pattern trading. Excessive Momentum Indicator was originally developed by Young Ho Seo. This indicator demonstrates the concept of Equilibrium Fractal Wave and Practical Application at the same time. Excessive Momentum detects the market anomaly. Excessive momentum will give us a lot of clue about potential reversal and bre
200 USD
Lines Channel Pro
Vitalyi Belyh
The Lines Channel Pro indicator determines the price reversals from the High / Low channel. Contains a built-in trend identifier and channel signal lines. Explanation of parameters. Use Channel trend filter - Enables the channel filter, inside which the input signals are calculated. Lines Period - Specifies the period for building the channel lines. Averaging Period - Averaging period of the lines, adjusts the balance between the signal line and the non-signal zone. Price Method Calculat
799 USD
KT Renko Patterns MT4
KEENBASE SOFTWARE SOLUTIONS
KT Renko Patterns scans the Renko chart brick by brick to find some famous chart patterns that are frequently used by traders across the various financial markets. Compared to the time-based charts, patterns based trading is easier and more evident on Renko charts due to their uncluttered appearance. KT Renko Patterns features multiple Renko patterns, and many of these patterns are extensively explained in the book titled Profitable Trading with Renko Charts by Prashant Shah. A 100% automate
220 USD
Scalper Pro Line
Remi Passanello
This indicator is part of the RPTrade Pro Line systems. Scalper Pro Line is a short trend indicator using Price Action. It's designed to be used by anyone, even the absolute beginner in trading can use it. NEVER repaints . Indications are given from close to close . Designed to be used alone , no other indicators are required. A specific graph shows you the profit and eventual drawdown according to history data. How does it work Scalper Pro Line is using an internal trend indicator combined wi
199 USD
Fibonacci Sniper
Elmira Memish
Fibonacci Sniper MT4 - No Repaint Features:  - Indicator sends signals and notificaitons on key Fibonacci Retracement and Extension Levels - Once the buy/sell signal is set, targets ( TP1 TP2 TP3 )and stop loss levels are drawn by the indicator. - Fibonacci Calculations and Custom Patterns are identified by the last 3 or 5 Zig Zag exterum. - You can easily identify key harmonic patterns like Gartley, Bat, Butterfly and Crab patterns. Important Settings:  - Choose the Zig Zag Setting
220 USD
Otros productos de este autor
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
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
FREE
Dashboard Display indicator
Renaud Candel
Con el indicador de Display se puede hacer un panel de control lindo, personalizado y profesional en unos minutos. Usted puede crear su panel y seguir de una vez cada actualización de los indicadores en el mercado.  Usted puede dibujar cualquier simbolo de su plataforma.  Se puede tambiém usar simbolos especificos tal como :  DXY indicador (USD Index) VIX indicador (Indicador oficial del Chicago Board Option Exchange, se necesita tener el EA DisplayVIX para que funcione)   Estos 2 ultimos indica
97 USD
Daily Pivots Multi
Renaud Candel
Daily Pivots Multi es un indicador exclusivo para dibujar niveles de pivotes y mas. La mayoria de los indicadores de pivotes solo dibujan los niveles del dia. Con Daily Pivots Multi se puede dibujar los niveles de cualquier dia. El indicador puede hacer los calculos para cualquier cantidad de dias que usted decida. Eso es muy utile para estudiar estrategias con pivotes y analizar la estrategia durante varios dias. Otro problema que tenien la mayoria de los indicadores de pivotes es que cada brok
117 USD
BinaryG Market Analyzer
Renaud Candel
  BinaryG  es un indicador exclusivo para tradear Opciones Binarias y Forex con su plataforma de trading Metatrader. BinaryG es capaz analizar las fuerzas en el mercado and predecir cambio de acción de precio antes de que empezca.  La mayoria de los indicadores dan información con atraso y no sirven. BinaryG da información en adelante.  El indicador dibuja flechas en su grafica enseñando al usuario la probable dirección del mercado en la proximas velas (ver captura de pantalla adjunta). Flechas
147 USD
BinaryMagic Reversal
Renaud Candel
BinaryMagic Reversal es un indicador exclusivo para ubicar situaciones en el mercado donde el precio se movió demasiado y donde hay probabilidad alta que el mercado vaya ahora en la dirección opuesta.   El indicador dibuja flechas naranjas en su grafica indicando la probable direccion del acción de precio en las proximas velas (por favor mirar captura de pantalla adjunta).  Los usuarios pueden configurar alertas para cuando salgan nuevas flechas en la grafica.   Este indicador no repinta. Despué
147 USD
Market Speed Alerter
Renaud Candel
  Market Momentum Alerter da información sobre momentos que es peligroso operar en el mercado. Usted puede pensar que ha visto una oportunidad de inversión que parece muy buena y usted entonces toma la decisión entrar en la inversión.. Y por fin usted pierde la inversión sin entender lo que pasó.  Eso pasa cada a veces cuando instituciones importantes (bancos y otros fondosde inversiones) entran en el mercado. Estas operaciones no se ven para la mayoria de la gente. Ahora con el Market Momentum
97 USD
Dashboard DisplayVIX EA
Renaud Candel
DisplayVIX es parte de la solución Dashboard Display para Metatrader.  Con Dashboard Display se puede hacer un panel de control lindo, personalizado y profesional en unos minutos. Usted puede crear su panel y seguir de una vez cada actualización de los indicadores en el mercado.  DisplayVIX hace posible dibujar el indicator VIX dentro del panel de control personalizado.  El VIX es un indicador que da información sobre la volatilidad y estabilidad del mercado. Es un indicador muy importante que u
97 USD
Normalized Volume
Renaud Candel
99% de los indicators se basan en analisis del precio. Este indicator se basa en el volumen. Volumen es una información que la mayoria de los sistemas de trading no usan. Es un error grand porque volumen dan informaciones muy impotantes sobre lo que esta pasando en el mercado. Normalized Volume es un indicator que permite identificar punto de reversas. Usted podria mejorar mucho su sistema de trading usando analisis de volumen. Es lo que la mayoria de los profesionales hacen. Las entradas del in
97 USD
Volume Price Confirmation Indicator VPCI
Renaud Candel
  VPCI signfica Volume Price Confirmation Indicator (Volumen Price confirmación). El creador de este indicador fue Buff Dormeiers quien quizo codificar Price Volumen confirmación en un indicador. VPCI recibio el premio de Dow en 2007. Se pùede construir sistema de trading rentable con VPCI tal como lo hizo John Bollinger.  Este indicador esta ahora disponible con la plataforma Metatrader.  Las entradas del indicador son :  MA_ShortPeriod : periodo corto para calculaciones de media del indicador
97 USD
Fisher Kuskus
Renaud Candel
Fisher Kuskus es un indicator para usar tecnicas de scalping en time frames de corto plazo like M1. El indicador Fisher Kuskus esta ahora disponible para plataformas de Metatrader. Las entradas del indicador son las siguientes :  Period : periodo a usar `para hacer las calculaciones del indicador PriceSmoothing : cifra de 0.0 to 0.99 IndexSmoothing : cifra de 0.0 to 0.99 El indicator se puede usar con cualquier par de Forex. También se puede usar el indicador con la Bolsa, Materias Primas y Futu
97 USD
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
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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
149 USD
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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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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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.
149 USD
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
97 USD
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
97 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
FX Sniper Yellow
Renaud Candel
FX Sniper Yellow is an exclusive leading indicator to trade Forex with your Metatrader trading platform. FX Sniper Yelow 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. FX Sniper Yellow is a unique leading indicator . The indicator displays arrows in your chart (please see screenshot attached) showing the probable direction of price action. FX Sniper Yellow never rep
197 USD
FX Sniper Magenta
Renaud Candel
FX Sniper Magenta is an exclusive leading indicator to trade Forex with your Metatrader trading platform. FX Sniper Magenta 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. FX Sniper Magenta is a unique leading indicator . The indicator displays arrows in your chart (please see screenshot attached) showing the probable direction of price action. FX Sniper Magenta neve
197 USD
Inside Bar Indicator
Renaud Candel
Inside Bar is a very popular candlestick pattern. Inside Bar indicator can be used to trade Forex, Binary Options or any class of assets. The present indicator will detect inside bar candles in the chart and will generate alerts. Inputs of the indicator are Symbol: type of char symbol to be displayed in the chart to show Inside Bar patterns CustomCode: char code to be used as custom char symbol (works only with Symbol=_Custom) Position: position of symbol relative to the candle (above or below
93 USD
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Versión 2.50 2020.10.13
New inputs: TailSize, TailCompareMode
Versión 2.40 2020.10.12
New features to specify type of tails
Versión 2.30 2020.10.09
Change of label in the inputs
Versión 2.20 2020.09.25
Correction of properties display
Versión 2.10 2020.09.22
Display correction