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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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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
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
Breakout Sniper
Elmira Memish
Breakout Sniper draw trendlines by using improved fractals and plots the breakout and reversal points. NO REPAINTS By using the Multi Period and Multi Timeframe  - Easily identify the potential reversal and breakout levels. - Plot the patterns like triangles, head and shoulders, wedge patterns, cup and handle patterns etc. - Indicator draws arrows only when a breakout happens. - You can see the uncompleted/forming trendlines as well. INPUTS: Signal Mode: After Close ( Puts Arrow afte
220 USD
Supply and Demand Dashboard PRO
Bernhard Schweigert
CURRENTLY 20% OFF !! ⭐⭐⭐⭐⭐  This DASHBOARD is a very powerful piece of software working on multiple symbols and up to 9 timeframes. It is based on our main indicator (Best reviews:  Advanced Supply Demand ). The new DASHBOARD gives a great overview. It shows: filtered Supply and Demand values including zone strength rating, pips distances to/and within zones, it highlights nested zones, it gives 4 kind of alerts for the chosen symbols in all (9) time-frames. It is highly configurable for your p
199 USD
FXTraderariel Hedgefund Indicator
Ariel Capja
This is the  FXTraderariel Hedgefond Indicator - the best indicator we ever created.  It shows different levels which are also used by institutional traders. The indicators shows potential Take Profit Targets. Depending on the settings and trading style, it can be used for  scalping  or  long-term trading . The indicator can be used on every  time frame , but we advise to use it on  , H4 and D1 . Especially if you are a novice trader.  Pro Traders  can also you use it for scalping in smaller tim
220 USD
Fx Levels Premium
Renaud Candel
FX Levels Premium is a must to trade Forex. The indicator will give you all important levels (support/resistance) to watch for a wide range of assets. Trading without these levels on your chart is like driving a car for a long journey without a roadmap. You would be confused and blind. Support and resistance levels should be used as guideline to figure out possible turning points and targets. The levels are entry and exit points for your trades. The indicator draws these levels analyzing the H1,
197 USD
CyberZingFx Trend Reversal
Afsal Meerankutty
Indicator captures the trend reversals with no-repaint Buy and Sell Arrow signals. Good at catching  Swing Highs  and  Swing Lows . SCROLL DOWN TO VIEW SCREENSHOTS AND WATCH VIDEO ________________________________________________________________ Trading using CyberZingFx Trend Reversal is Simple You Buy when a Buy Arrow Appear and Sell when there is Sell Arrow. Put Stop Loss above Higher High for SELL Order and below Lower Low for BUY. Close order partially when an exit signal (dot) appear. The
999 USD
FBO Binary
Guang Ming Liang
あなたの利点 シンプルで直感的で効果的な取引シグナル。 再描画、再描画、再計算を行わないでください。 この指標により、バイナリオプションを取引できます。 推奨される時間範囲はМ5で、有効な時間は5〜15分です。 このインジケーターは、すべての通貨ペアに適用されます。 無制限の取引時間。 この戦略では、従来のオシレーターは使用しませんが、ニューラルネットワークアルゴリズム、取引量データの分析、サポートおよびレジスタンス分析などを使用して、適切な取引シグナルを見つけます。 長時間待つ必要はありません。毎日、より多くの取引シグナルが提供されます。 すべてのプラットフォームで利用可能。 使い方 新しい売りシグナルで売りをクリックします。 新しい購入シグナルで[購入]をクリックします。 毎日の資金調達の取り決めとして、20%の利益と10%のリスクを使用してください。  カスタムインジケータを使用する必要がある場合は、 FBO Binary IN パラメータ: TOD_From_Hour = 01; //開始時間 TOD_From_Min = 00; //開始分 TOD_To_Hour = 23;
198 USD
BinaryPin
Andrey Spiridonov
BinaryPin is an indicator developed and adapted specifically for trading short-term binary options. The indicator's algorithm, before issuing the signal, analyzes many factors, such as market volatility, searches for the PinBar pattern, calculates the probability of success when making a deal. The indicator is set in the usual way. The indicator itself consists of an information window where the name of the trading instrument is displayed, the probability of making a successful transaction, the
300 USD
The Raven Binary Options Indicator
Ellan Dirgantara Tholkhah
UPDATE: Works EXTREMELY well for EURJPY! --> more than 66% win rate monthly Guarantee! I want to introduce you the next-gen unique adaptive Binary options Indicator. This will destroy EURUSD & EURJPY The Raven is so sharp and efficient that it will pick the tops and bottoms of ANY type of market. Can also be used as a Forex Scalper. The Raven signal is based on multiple confirmation analysis. Gets confirmation from the most consistent signals known to man; Ichimoku, SMA, Bollinger Bands; and als
350 USD
The Positive Zone
Ellan Dirgantara Tholkhah
Specialized Binary Options Indicator.  The name positive zone is inspired by how this indicator ultimately made me feel, which is "Positive". Not only from a emotional stand point but from a financial one. Once you start earning from this indicator it will give you that runners high, or that nice buzz after you finish a warm cup off coffee in the morning and blast on Cumbawamba's on hit wonder Tubthumping. The key to winning Binary Option is patience and controlling your emotion . This is why th
200 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
250 USD
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バージョン 2.50 2020.10.13
New inputs: TailSize, TailCompareMode
バージョン 2.40 2020.10.12
New features to specify type of tails
バージョン 2.30 2020.10.09
Change of label in the inputs
バージョン 2.20 2020.09.25
Correction of properties display
バージョン 2.10 2020.09.22
Display correction