Sample Page Title

1. INTRODUCTION

Tweezer Buying and selling System 

Skilled 2-Bar Reversal Detection for MT5

Writer: Ich Khiem Nguyen | MQL5: https://www.mql5.com/en/customers/khiemni/vendor

What’s Tweezer Buying and selling System?

Tweezer Buying and selling System detects Tweezer High and Tweezer Backside candlestick patterns in your MetaTrader 5 charts routinely. The indicator scans every accomplished bar for two-candle constructions the place each bars share an identical excessive or matching low, signaling a exact momentum reversal level. It shows entry, cease loss, and take revenue ranges straight on the chart so you possibly can act on alerts with out handbook calculation.

What Are Tweezer Patterns?

Tweezer High & Tweezer Backside are 2-candle reversal patterns that seem when two consecutive bars type practically equivalent highs (prime) or equivalent lows (backside), indicating that worth was rejected from the identical degree twice — an indication that the present pattern is shedding momentum.

Tweezer Backside (Bullish Reversal)

A Tweezer Backside seems on the finish of a downtrend. The primary candle is bearish — sellers push worth down. The second candle is bullish, opening close to the primary candle’s shut however discovering help on the similar low. Each bars share an identical low, displaying that patrons stepped in twice to defend that worth degree. This double rejection from the identical help alerts that downward momentum has stalled and a reversal upward might observe.

Tweezer High (Bearish Reversal)

A Tweezer High seems on the finish of an uptrend. The primary candle is bullish — patrons push worth up. The second candle is bearish, opening close to the primary candle’s shut however hitting resistance on the similar excessive. Each bars share an identical excessive, displaying that sellers defended the identical degree twice. This double rejection from resistance alerts that upward momentum has exhausted and a reversal downward might observe.

When these patterns type close to key help or resistance ranges, they change into much more dependable alerts for potential pattern reversals.

How the Indicator Finds Patterns

The indicator scans your charts in real-time and checks every potential sample in opposition to a number of high quality necessities:

1. Development context test — Confirms a previous downtrend (for Backside) or uptrend (for High) by verifying the route of the setup candle relative to prior worth motion.
2. Path change test — Verifies the setup candle is bearish and the sign candle is bullish (Backside), or setup is bullish and sign is bearish (High). Each candles should change route.
3. Matching excessive test — Measures the distinction between each candles’ lows (Backside) or highs (High). The distinction have to be throughout the configured tolerance (default: 10% of ATR, minimal 3 factors).
4. Minimal vary test — At the least one of many two candles should have a spread of 0.60× ATR or extra, guaranteeing the sample has sufficient physique to be significant and never a flat, insignificant construction.

Solely patterns that go all these checks seem in your chart, so you do not waste time on weak or invalid setups.

High quality Rating — How Good Is the Sample?

Each sample will get a high quality rating from 0% to 100%, like a grade on a check. This helps you deal with the perfect buying and selling alternatives.

What the Rating Means

The indicator evaluates 6 elements to calculate the standard rating. It checks whether or not the candles modified route (a clear flip is stronger), how a lot the 2 candles overlap (extra overlap = extra stress at that degree), the place the sign candle closes relative to the prior candle’s vary (an in depth close to the alternative excessive confirms the reversal), the Shut Location Worth of the sign candle (shut close to the excessive for bullish, close to the low for bearish), whether or not not less than one candle has enough vary relative to ATR, and whether or not one of many candles is a doji (provides ambiguity and warning factors).

High quality Threshold Setting

By default, the indicator solely exhibits patterns scoring 30% or larger. You possibly can modify this within the settings:

• Increase to 50-70%: See solely the perfect alerts (fewer however larger high quality)
• Decrease to twenty%: See extra alerts (extra frequent however blended high quality)
• Tip: Begin with the default 30% and modify based mostly in your backtest outcomes

What You See on the Chart

When the indicator detects a Tweezer sample, it attracts every thing it’s good to know straight on the chart:

Sign Markers

• Arrow icons: Inexperienced upward arrow for Tweezer Backside (bullish), purple downward arrow for Tweezer High (bearish), positioned on the sign candle
• High quality labels: Rating share displayed close to the arrow (e.g., “Q:72%”), color-coded by grade

Buying and selling Strains

• Entry line: Blue horizontal line displaying the pending cease order degree (above sample excessive for Backside, beneath sample low for High)
• Cease Loss line: Pink horizontal line labeled “SL” positioned beneath the matching lows (Backside) or above the matching highs (High) plus ATR buffer
• Take Revenue traces: Inexperienced traces labeled TP1 by way of TP4 at 1R, 1.5R, 2R, and 3R above/beneath entry

Visible Zones

• Sample spotlight: A shaded rectangle spanning each candles of the sample, color-coded inexperienced (Backside) or purple (High)
• Danger/reward zones: Coloured fill between entry and every TP degree displaying the reward space; purple fill between entry and SL displaying the chance zone
• Monitoring dots: Small coloured dots that observe worth because the sign progresses

Sign Lifecycle

Indicators progress by way of completely different states, proven by altering colours and monitoring dots:

1. Pending: Sample simply detected, ready for entry affirmation
2. Triggered: Entry worth reached, commerce is lively
3. Goal Hit: Value reached take revenue degree (sign turns inexperienced)
4. Cease Hit: Value hit cease loss (sign turns purple)
5. Cancelled: Sign invalidated earlier than entry (sign disappears or grays out)

You possibly can watch your alerts evolve in real-time with out opening any menus or panels.

Settings You Can Alter

Listed below are the principle settings that management how the indicator finds and shows Tweezer patterns:

Settings Suggestions

• Begin with all default settings and let the indicator run for just a few days to see the way it performs
• In case you get too many alerts, increase the standard threshold to 50% or allow the Path Filter
• If alerts are too uncommon, test that InpMatchTolerance isn’t too tight — attempt 0.15 as a substitute of 0.10
• All the time backtest any setting modifications earlier than utilizing them on a stay account

Greatest Timeframes and Markets

Really useful Timeframes

Greatest Markets

• XAUUSD (Gold): Wonderful sample readability on H1 and H4 — the matching excessive/low construction exhibits clearly because of Gold’s tendency for sharp reversals at key ranges
• EURUSD, GBPUSD, USDJPY: Dependable outcomes on H1 and above; works nicely at London and New York session open
• US30, NAS100: Use H4 and Every day for clearer alerts; keep away from M15 on indices because of noise
• Cryptocurrency: Every day timeframe provides the perfect Tweezer alerts; decrease timeframes have an excessive amount of noise

The indicator works on any image and timeframe, however these combos have a tendency to provide essentially the most dependable alerts.

Getting Began — Fast Setup

Comply with these steps to begin utilizing Tweezer Buying and selling System:

1. Open MetaTrader 5 and cargo a chart — XAUUSD on H1 is an efficient start line
2. Within the Navigator panel on the left, develop “Indicators” then discover “TweezerTradingSystem” below Customized Indicators
3. Drag it onto your chart or double-click to connect it
4. A settings window seems — click on OK to make use of the default settings on your first session
5. Look ahead to inexperienced arrows (Tweezer Backside) or purple arrows (Tweezer High) showing on accomplished candles
6. After just a few days of statement, modify the Match Tolerance or High quality Threshold should you want extra or fewer alerts
7. Allow Cell Push Notifications in MT5 settings so that you get alerted when a brand new Tweezer sign is detected

That is it! The indicator is now scanning your charts routinely and can provide you with a warning when high-quality Tweezer patterns seem.

All Options at a Look

Sample-Particular Options

• Matching excessive detection with ATR-scaled tolerance (10% ATR default, minimal 3 factors)
• Path change validation — requires each candles to flip route for cleaner reversals
• 6-factor weighted high quality scoring: directionChanged, overlapRatio, closeVsPrevRange, CLV, rangeATR, isDoji
• Pending entry mode — Purchase Cease positioned above Tweezer Backside excessive, Promote Cease beneath Tweezer High low
• Sample-based cease loss set exactly on the matching low (Backside) or matching excessive (High) plus ATR buffer

The next professional-grade options can be found throughout all our indicators:

Frequent Questions

Q: Why does the cease loss placement differ between patterns?

The cease loss is positioned on the shared excessive of the Tweezer sample (matching lows for Backside, matching highs for High) plus an ATR-based buffer. The precise distance will depend on present volatility. In high-volatility situations the ATR is bigger, so the buffer is wider. You possibly can swap to Donchian Channel mode or ATR Multiplier mode within the Cease Loss settings should you desire a fixed-distance technique.

Q: What’s the greatest timeframe to begin with?

H1 is the advisable beginning timeframe. It gives sufficient sign frequency to look at the sample commonly whereas filtering out the noise frequent on decrease timeframes. As soon as you’re snug with how alerts behave on H1, you possibly can transfer to H4 for higher-conviction setups.

Q: How do I scale back the variety of alerts?

First increase the standard threshold to 50% or larger within the settings. In case you nonetheless get too many alerts, allow the Path Filter to permit solely alerts aligned with the present market construction pattern. You may also allow the Excessive Zone Filter to dam alerts close to overbought or oversold ranges.

Q: How is Tweezer completely different from a Double High or Double Backside?

A Tweezer is a 2-candle sample the place the matching excessive kinds on consecutive bars — the 2 rejection ranges are straight adjoining. A Double High or Double Backside spans many bars with a pullback between the 2 peaks or troughs. Tweezer patterns are sooner, shorter-term alerts, whereas Double Tops/Bottoms are broader structural reversals. Each are reversal alerts, however they function at completely different time scales and require completely different setups.

Q: The entry is a pending order — when does it set off?

The indicator locations a Purchase Cease (Tweezer Backside) barely above the sample excessive, or a Promote Cease (Tweezer High) barely beneath the sample low. The entry triggers when worth strikes within the anticipated route and hits the cease degree. This ensures you enter solely when worth confirms the breakout route, not simply because the sample appeared.

What’s New — Model v1.00

That is the v1.00 launch of Tweezer Buying and selling System. Key options embody:

• Computerized Tweezer High and Tweezer Backside detection on all timeframes
• 6-factor weighted high quality scoring from 0-100%
• ATR-scaled tolerance for matching excessive/low detection
• Pending entry mode with Purchase Cease / Promote Cease orders
• Sample-based cease loss at matching extremes with ATR buffer
• Multi-timeframe scanner overlaying 150 symbols throughout 8 timeframes
• 7-layer sign filtering: High quality, Excessive Zone, Path, SL Hunt, Sign Zone, Spacing, Reverse
• 4-channel alert system for Entry, TP, and SL occasions
• EA sign buffers for algorithmic buying and selling integration

Getting Assist

In case you have questions or want help:

I am dedicated to serving to you get essentially the most out of this indicator.

Able to Begin?

Tweezer Buying and selling System is designed to save lots of you time and allow you to discover high-probability Tweezer patterns routinely. Connect the indicator to your chart and begin with the default settings — you possibly can fine-tune every thing later as you get snug with the way it works.

Glad buying and selling!

Ich Khiem Nguyen

Tweezer Buying and selling System v1.00 — Created 2026-02-22