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Naked Forex Tweezer Standard indicator for MT4

Naked Forex Tweezer Standard Indicator


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 it 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 pattern.
  • 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
  • PushAlerts (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.

Other indicators for MT4:
We developed more than 60 indicators and utilities for Metatrader 4 and Metatrader 5.

Indicators for MT5:

All our indicators are developed both for MT4 and MT5.

List of all our indicators:
You can see the complete list of our indicators visiting our profile page.

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Indicator : RealValueIndicator Description : RealValueIndicator is a powerful tool designed specifically for trading on the EURUSD pair. This indicator analyzes all EUR and USD pairs, calculates their real currency strength values, and displays them as a single realistic value to give you a head start on price. This indicator will tell you moves before they happen if you use it right. RealValueIndicator allows you to get a quick and accurate overview of the EURUSD currency pair tops and bottoms,
Septermber OFFER 85% OFF next price for unlimited version will be 2500$. This is the only time you can get this institutional and professional indicator at this price for unlimited version. Don't dare to miss this. The tool I am about to introduce to you you can't compare it with other tools due to its strategy and accuracy level in predicting the next price directional movement. This tool is designed for serious traders who have decided to make a difference through trading. Be the next person t
Dear Traders this is my another tool called " Swing Master Indicator ". As the name above the indicator is designed to help you in swing trading by capturing the low and highs of the price. You may us this tool with any trading strategy and style from scalping to position trading. It is made for level of traders including newbies and advanced traders even prop-firms, hedge funds and banks to help them make sold market analysis. I create tools for serious traders who want to make a difference in
This indicator is based on the Gann Signal indicator and acts as a market scanner. All you need to do is fill in the selected currency pairs in the settings and that’s it. Next, the indicator itself will view all these currency pairs and time frames from M5 to D1 simultaneously. When a new signal appears, the indicator will give you an Alert and also draw the letter N where this new signal will be.
Bars Deflection
Victor Golovkov
5 (1)
The Bars Deflection trend indicator can be used with any trading pair and on any time frame. With this indicator it is impossible to miss the beginning of a trend. Use Bars Deflection as a standalone strategy or as an addition to yours. Signal arrows appear on the chart at the moment the bar opens and are located at the breakout level of the reverse movement. Thus, the arrows not only indicate the possible direction of movement of the quote, but also act as levels for analyzing the placement of
AT Forex Indicator MT4
Marzena Maria Szmit
5 (3)
The AT Forex Indicator MT4 is a sophisticated trading tool designed to provide traders with a comprehensive analysis of multiple currency pairs. This   powerful indicator   simplifies the complex nature of the forex market, making it accessible for both novice and experienced traders. AT Forex Indicator uses   advanced algorithms   to detect trends, patterns and is an essential tool for traders aiming to enhance their forex trading performance. With its robust features, ease of use, and reliabl
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5 (1)
Round Numbers Levels indicator for MT4 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 resistances, and therefore should be taken into account when trading. These levels can be used as profit targets or entry points. Inputs of the indicator are: TGridColor00: 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 GridCol
FREE
TTM Squeeze indicator for MT4
Renaud Herve Francois Candel
TTM Squeeze Indicator TTM Squeeze is an indicator to time entries based on volatility. TMM Squeeze might well be one of the best and most overlooked indicator. It was created by famous trader John Carter and is also used by many traders like Nathan Bear. Why is the TTM Squeeze indicator important? Because in trading correct timing entries might be more important than picking the right direction.   This is a concept that is not very well understood in the trading community. Most trader think
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Naked Forex Big Shadow IndicatorBig Shadow Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos. When you have a Big Shadow on your chart then this is a strong signal meaning that you might be ahead of a reversal. You can take other elements (momentum, trend, volatility, price action, fundamentals) to build a complete strategy and confirm your entries. Beware that you might not make money just following the arrows generated by the pattern rec
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Renaud Herve Francois Candel
Inside Bar Indicator Inside Bar is a very popular candlestick pattern. Inside Bar indicator can be used to trade Forex, Stocks, Indices, Futures, Commodities and Cryptos. The Inside Bar indicator will search for inside bar candles pattern in the chart and will generate display them. The indicator is also able to generate alerts in your screen or sent to your phone. Inputs of the indicator are: Symbol : type of char symbol to be displayed in the chart to show Inside Bar patterns Custo
Engulfing Bar IndicatorEngulfing Bar indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos. The Engulfing Bar indicator is an enhanced pattern of the popular Engulfing Bar to  keep only the best patterns produced in the market. The strategy that comes with the Engulfing Bar is based on  price action. Inputs of the indicator are: Distance: distance in pixels relative to top or bottom of candle to display the arrow symbol UseAlerts (true/fa
Pin Bar Indicator The Pin Bar indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos. The strategy that comes with the Pin Bar pattern is based on price action. Inputs of the indicator are: Distance : distance in pixels relative to top or bottom of candle to display the arrow symbol UseAlerts (true/false): enable alerts PopAlerts (true/false): enable alerts in the popup window EmailAlerts (true/false): enable email alerts PushAlerts (tru
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Renaud Herve Francois Candel
5 (2)
Bar Strength Divergence Indicator for MT4 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
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Renaud Herve Francois Candel
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High Low indicator for MT4
Renaud Herve Francois Candel
5 (1)
HighLow Arrow Indicator 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 alone but more as an alert that a turning point might be forming.  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. The formation of the High or the Low is confirmed after 2 bars have been closed. In the meantime, the alert ca
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Renaud Herve Francois Candel
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Renaud Herve Francois Candel
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OBOS indicator 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. Inputs of the indicator are: MaxBars : number of bars to display in your chart Smoothing period : number
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Trend Strength MA indicator Trend Strength MA 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 MA 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
Trend Direction Up Down indicator Trend Direction Up Down 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. Trend Direction Up Down is an indicator to be used to characterize trend direction (medium term trend): trending up trending down ranging Trend Direction Up Down is ba
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Versión 3.50 2023.07.10
New compilation