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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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** NEW ALL IN ONE ** Different Wave Types can be sellected. Choose what your cumulative Histogram diplays: Volume, Pips, Progressive Volume Rate, Time or Emphasized 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. I
420 USD
Quantum Currency Strength Indicator
QUANTUM TRADING SOFTWARE LIMITED
Your success as a forex trader depends on being able to identify when a currency or currency pair is oversold or overbought. If it is strong or weak. It is this concept which lies at the heart of forex trading. Without the Quantum Currency Strength indicator, it is almost impossible. There are simply too many currencies and too many pairs to do this quickly and easily yourself. You need help! The Quantum Currency Strength indicator has been designed with one simple objective in mind. To give you
279 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
Fractal Pattern Scanner MT4
Young Ho Seo
Breakout Trading and Reversal Trading 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 first prof
220 USD
Magic M2
Tuan Anh Dao
⭐⭐⭐    ------  HOLD--BUGS FIXING  -----   ⭐⭐⭐ PLEASE COME BACK LATER (Telegram: @MagicBinary) The indicator allows you to trade binary options. T his indicator give high winning ratio with over 20 years of backtesting  The recommended time frame is М1 and the expiration time is 3, 5 minutes. The indicator suitable for Auto and Manual trading. A possible signal is specified as a arrows above/under a candle. You can entry current candle /intrabar or can wait until candle close Arrows are not re-
6 000 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
El Indicador Nihilist 5.0 incluye las estrategias y sistemas de trading Forexalien y Nihilist Easy Trend. El indicador se compone de un Dashboard MTF en donde se puede analizar las distintas posibilidades de entradas de cada estrategia con un simple vistazo. Dispone de un sistema de alertas con distintos tipos de filtros configurables y por cada TF que desee seleccionar los avisos en su plataforma Metatrader 4 y Smartphone. El indicador tiene la opción de seleccionar los TP y SL por ATR o fijo
299 USD
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Volume Price Confirmation Indicator VPCI
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TTM Squeeze Indicator for MT5
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Naked Forex Kangaroo Tail for MT5
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Sqn Max EA for MT5
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Round Numbers Indicator
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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
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Renaud Candel
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BinaryMagic Reversal
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Fisher Kuskus
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Color Volume Indicator
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Matrix Indicator
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Keltner Channel Indicator
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Trend Direction ADX
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Volatility Strength
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Binary Reversal Seeker
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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.
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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
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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
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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
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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
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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
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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