OPEN-SOURCE SCRIPT
Tweezer Patterns

Tweezer top and bottom, also known as tweezers, are reversal candlestick patterns
that signal a potential change in the price direction. Both formations consist of
two candles that occur at the end of a trend, which is in its dying stages.
The tweezer bottom candlestick pattern is a bullish reversal pattern that can be
spotted at the bottom of a downtrend. It consists of two candles, where the first
candle is in line with the bearish trend, while the second candle reflects more
bullish market sentiment as the price bursts higher, in the opposite trend.
The tweezer top candlestick pattern is of the same structure as the tweezer bottom,
except for the fact that it happens at the end of an uptrend, and therefore, it is a
bearish reversal pattern. The first candle is bullish, and it continues in the same
direction, while the second bearish candle indicates that the trend may be changing soon.
Both the bottom and top tweezers are only valid when they occur during uptrends and downtrends.
Their appearance during choppy trading conditions is practically meaningless, and it signals
the market indecision to move in either direction.
WARNING:
- For purpose educate only
- This script to change bars colors.
that signal a potential change in the price direction. Both formations consist of
two candles that occur at the end of a trend, which is in its dying stages.
The tweezer bottom candlestick pattern is a bullish reversal pattern that can be
spotted at the bottom of a downtrend. It consists of two candles, where the first
candle is in line with the bearish trend, while the second candle reflects more
bullish market sentiment as the price bursts higher, in the opposite trend.
The tweezer top candlestick pattern is of the same structure as the tweezer bottom,
except for the fact that it happens at the end of an uptrend, and therefore, it is a
bearish reversal pattern. The first candle is bullish, and it continues in the same
direction, while the second bearish candle indicates that the trend may be changing soon.
Both the bottom and top tweezers are only valid when they occur during uptrends and downtrends.
Their appearance during choppy trading conditions is practically meaningless, and it signals
the market indecision to move in either direction.
WARNING:
- For purpose educate only
- This script to change bars colors.
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.