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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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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
X3 Chart Pattern Scanner MT4
Young Ho Seo
Introduction to X3 Chart Pattern Scanner X3 Chart Pattern Scanner is the non-repainting and non-lagging indicator detecting X3 chart patterns including Harmonic pattern, Elliott Wave pattern, X3 patterns, and Japanese Candlestick patterns. Historical patterns match with signal patterns. Hence, you can readily develop the solid trading strategy in your chart. More importantly, this superb pattern scanner can detect the optimal pattern of its kind. In addition, you can switch on and off individua
280 USD
Advanced Price Pattern Scanner MT4
Young Ho Seo
Introduction Advanced Price Pattern Scanner is the pattern scanner built upon our accumulative knowledge and insight from our financial market research many years. Advanced Price Pattern Scanner uses highly sophisticated pattern detection algorithm. However, we have designed it in the easy to use and intuitive manner. Advanced Price Pattern Scanner will show all the patterns in your chart in the most efficient format for your trading. Detectable Patterns Following pattern can be detected. Tria
180 USD
MTF Supply Demand Zones
Georgios Kalomoiropoulos
Next generation of automated supply and demand zones. New and innovative algorithm that works in any chart. All zones are being created dynamically according to price action of the market. GET ALERTS WHEN A NEW ZONE IS FORMED  New Features: Alerts when a new Supply/Demand Zone is created. You have the possibility when a new zone is formed to get push notifications.  Zone width labels in pips One more timeframe on MTF. So now instead of 2 timeframes above the current you will be able to see 3 t
149 USD
Stirmatthew Trading System
Olaniyi Matthew Olaleye
This is simple profitable system I have been using to trade for over 10 years. You do not need many indicators on your charts to be successful as a trader.  Just find the right strategy that has been proven over time and stick to it. You are not only buying trading system when you buy my product but also mentorship.  You will become one of the members of my close trading group on Telegram where you will learn how to manage your trading career and become a discipline trader who makes consistent
299 USD
Elliott Wave Trend MT4
Young Ho Seo
Elliott Wave Trend was designed for the scientific wave counting based on the template and pattern approach first devised by Young Ho Seo. This tool focuses to get rid of the vagueness of the classic Elliott Wave Counting using the guideline from the template and pattern approach. In doing so, firstly Elliott Wave Trend offers the template for your wave counting. Secondly, it offers Wave Structural Score to assist to identify accurate wave formation. It offers both impulse wave Structural Score
200 USD
LongTrendLine 2
Ivan Strekalov
This indicator works like a trend trading system with a small stop. If the price goes above the blue line then - buy, stop on the red line. If the price goes below red then vice versa. The advantage of the line is that it relies on the maximum and minimum points of the pair, as a result of which most flat market segments are ignored. It helps those who don’t know where to put a stop and when to place an order.
150 USD
Filtro:
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.

ac.petre
19
ac.petre 2020.09.16 17:32 
 

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