| PART | Part | Description | ||
|---|---|---|---|---|
| 1 | INTRODUCTION | Product introduction, what the product helps you with | ||
| 2 | INSTALLATION & SETUP | System necessities, step-by-step set up information | ||
| Information to Putting in Free Indicators and EAs Included with the Mirage Buying and selling System Buy | ||||
| 3 | INTERFACE DISPLAY | Rationalization of the parts displayed on the chart | ||
| Person Information: Buying and selling Traces & Sign Monitoring System | The system robotically attracts Entry, Cease Loss, and Take Revenue traces (TP 1–4) on the chart, tracks worth motion for hits, information Win/Loss outcomes, and shows real-time efficiency statistics. | |||
| Person Information : Visualization, Zone Fill, Sign Dashboard & Cancelled Indicators | If you connect an indicator to a chart, the system renders the next visible parts for every detected sign | |||
| Person Information: MTF SCAN & Dashboard Person Information | MTF SCAN robotically scans all Market Watch symbols throughout 8 timeframes (M1 to W1) and shows outcomes on a Dashboard grid immediately in your chart. | |||
| Person Information : Chart Theme Person Information | Chart Theme is a function that adjustments all the chart shade scheme in MetaTrader 5 — together with the background, candles, grid, textual content, and Bid/Ask traces — with a single click on. | |||
| 4 | CORE CONCEPTS | Basic ideas that the system is constructed upon | ||
| Person Information: Market Construction Performance within the Buying and selling System | Identifies pattern route (Uptrend, Downtrend, Ranging) by analyzing swing highs/lows, and detects key occasions: BOS (pattern continuation) and CHoCH (potential pattern reversal). | |||
| Person Information : Sign Varieties, States, and Lifecycle | A sign is the system’s notification when it detects a qualifying candlestick sample on the chart. Every sign tells you the anticipated worth route and supplies prompt entry, cease loss, and take revenue ranges. | |||
| 5 | SIGNAL FILTERS | Filters that refine and validate buying and selling alerts | ||
| Person Information: Commerce Route (Route Filter) within the Buying and selling System | Defines the allowed buying and selling route (Purchase solely, Promote solely, each, or neither) as the primary filter earlier than looking for entry alerts, based mostly on present market pattern. | |||
| Person Information: Sign Zone Filter within the Buying and selling System | Eliminates alerts not close to vital worth zones, retaining solely these linked to market constructions (swing excessive/low, BOS, CHoCH) to cut back noise. | |||
| Person Information: StoplossHunt Filter Person Information — Filtering “SL Sweep” Indicators | Identifies higher-probability alerts by checking whether or not worth “swept stoploss” earlier than forming a sample. | |||
| Person Information : Excessive Zone Filter |
Excessive Zone Filter is a sign filtering function that helps keep away from coming into trades when worth is on the high or backside of a Donchian worth channel. | |||
| Person Information: Reverse Sign Filter | The Reverse Sign Filter is an computerized function that forestalls new alerts from showing when you have already got an lively commerce working in the other way.The precept could be very easy: Do not buy if you’re promoting. Do not promote if you’re shopping for. | |||
| Person Information : High quality Filter Person Information | High quality Filter is a function that helps you obtain solely the perfect alerts — worth patterns fashioned clearly, with balanced proportions and excessive reliability — and reject weak alerts, uninteresting patterns, and people under normal. | |||
| 6 | TRADE MANAGEMENT | |||
| Person Information : Danger/Reward & SL Technique Person Information | Danger/Reward (R:R) is the ratio between the sum of money you settle for shedding (Danger) and the sum of money you count on to realize (Reward) in a single commerce. | |||
| Person Information: Trailing Cease Loss (TSL) Person Information | Common Cease Loss (SL) stays mounted in a single place. You set SL at 1990.00, and it stays there endlessly — even when worth has risen to 2030.00.Trailing Cease Loss (TSL) is totally different. It robotically strikes in your favor when worth advances. As worth strikes up, TSL strikes up with it. When worth stalls or reverses, TSL holds the perfect place it reached. | |||
| 7 | CONFIGURATION PARAMETERS GUIDE | Detailed information to every configuration parameter | ||
| SIGNAL SCANNING CONFIGURATION GUIDE – MIRAGE TRADING SYSTEM EA | Information to mastering sign scanning settings inside the Inputs tab, optimizing commerce discovery on a single chart or throughout all the market. | |||
| 8 | ALERTS & NOTIFICATIONS | |||
| Person Information: Alerts & Notifications Person Information | Configure push notifications, and on-screen popups when new alerts are detected. | |||
| 9 | SYSTEM RISKS & LIMITATIONS | Notes on system dangers and limitations |
1. INTRODUCTION
Tweezer Buying and selling System
Skilled 2-Bar Reversal Detection for MT5
Creator: 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 Prime and Tweezer Backside candlestick patterns in your MetaTrader 5 charts robotically. 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 immediately on the chart so you possibly can act on alerts with out guide calculation.
What Are Tweezer Patterns?
Tweezer Prime & Tweezer Backside are 2-candle reversal patterns that seem when two consecutive bars kind almost similar highs (high) or similar lows (backside), indicating that worth was rejected from the identical stage 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 assist on the identical low. Each bars share an identical low, exhibiting that patrons stepped in twice to defend that worth stage. This double rejection from the identical assist alerts that downward momentum has stalled and a reversal upward might comply with.
Tweezer Prime (Bearish Reversal)
A Tweezer Prime 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 identical excessive. Each bars share an identical excessive, exhibiting that sellers defended the identical stage twice. This double rejection from resistance alerts that upward momentum has exhausted and a reversal downward might comply with.
When these patterns kind close to key assist or resistance ranges, they develop 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:
- Development context test — Confirms a previous downtrend (for Backside) or uptrend (for Prime) by verifying the route of the setup candle relative to prior worth motion.
- Route change test — Verifies the setup candle is bearish and the sign candle is bullish (Backside), or setup is bullish and sign is bearish (Prime). Each candles should change route.
- Matching excessive test — Measures the distinction between each candles’ lows (Backside) or highs (Prime). The distinction should be inside the configured tolerance (default: 10% of ATR, minimal 3 factors).
- Minimal vary test — A minimum of 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 move 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 take a look at. This helps you concentrate on the perfect buying and selling alternatives.
What the Rating Means
The indicator evaluates 6 components 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 stage), the place the sign candle closes relative to the prior candle’s vary (a detailed close to the other 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 no 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).
| Grade | Rating Vary | High quality Stage |
|---|---|---|
| A | 80-100% | Glorious — Greatest alerts |
| B | 60-79% | Good — Dependable setups |
| C | 40-59% | Common — Wants affirmation |
| D | 20-39% | Under Common — Dangerous |
| F | 0-19% | Poor — Keep away from |
High quality Threshold Setting
By default, the indicator solely exhibits patterns scoring 30% or greater. You’ll be able to modify this within the settings:
- Increase to 50-70%: See solely the perfect alerts (fewer however greater high quality)
- Decrease to twenty%: See extra alerts (extra frequent however combined 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 essential know immediately on the chart:
Sign Markers
- Arrow icons: Inexperienced upward arrow for Tweezer Backside (bullish), pink downward arrow for Tweezer Prime (bearish), positioned on the sign candle
- High quality labels: Rating proportion displayed close to the arrow (e.g., “Q:72%”), color-coded by grade
Buying and selling Traces
- Entry line: Blue horizontal line exhibiting the pending cease order stage (above sample excessive for Backside, under sample low for Prime)
- Cease Loss line: Purple horizontal line labeled “SL” positioned under the matching lows (Backside) or above the matching highs (Prime) plus ATR buffer
- Take Revenue traces: Inexperienced traces labeled TP1 by TP4 at 1R, 1.5R, 2R, and 3R above/under entry
Visible Zones
- Sample spotlight: A shaded rectangle spanning each candles of the sample, color-coded inexperienced (Backside) or pink (Prime)
- Danger/reward zones: Coloured fill between entry and every TP stage exhibiting the reward space; pink fill between entry and SL exhibiting the danger zone
- Monitoring dots: Small coloured dots that comply with worth because the sign progresses
Sign Lifecycle
Indicators progress by totally different states, proven by altering colours and monitoring dots:
- Pending: Sample simply detected, ready for entry affirmation
- Triggered: Entry worth reached, commerce is lively
- Goal Hit: Value reached take revenue stage (sign turns inexperienced)
- Cease Hit: Value hit cease loss (sign turns pink)
- Cancelled: Sign invalidated earlier than entry (sign disappears or grays out)
You’ll be able to 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:
| Setting | What It Does | Default | When to Change It |
|---|---|---|---|
| Match Tolerance (xATR, 0.10=10% of ATR) | Most allowed distinction between the 2 matching highs/lows, as a fraction of ATR | 0.10 | Enhance to 0.15-0.20 for unstable markets; lower to 0.05 for stricter matching |
| Min Physique/Vary (doji filter, 0.15=15%) | Minimal body-to-range ratio for every candle to keep away from doji-dominated patterns | 0.15 | Decrease to 0.10 to permit extra patterns; increase to 0.20 for stronger physique requirement |
| Min Vary/ATR (no less than 1 bar, 0.60) | A minimum of one candle within the sample should have this vary relative to ATR | 0.60 | Decrease to 0.40 for quieter markets; preserve at 0.60 for normal volatility |
| Require Development Bars Earlier than (0=disable) | Variety of consecutive directional bars required earlier than the setup candle | 0 | Set to 1-2 to require a visual prior pattern; 0 means any previous bar is accepted |
| SL Buffer (xATR past sample excessive) | Further distance added to the cease loss past the sample low/excessive | 0.15 | Enhance to 0.25 in high-volatility situations to keep away from being stopped out by wicks |
| Entry Buffer (xATR for pending) | Distance added to the entry cease order stage past the sample excessive | 0.05 | Enhance barely for sooner markets to make sure the order triggers reliably |
| Min High quality (0.0-1.0, 0.30=relaxed) | Minimal high quality rating required to show a sign | 0.30 | Increase to 0.50 to see solely stronger alerts; decrease to 0.20 to see extra alerts |
| ATR Interval for volatility | Variety of bars used to calculate the ATR for all measurements | 14 | Enhance to twenty for smoother ATR on every day charts; 10-14 works properly for intraday |
Settings Ideas
- Begin with all default settings and let the indicator run for a couple of days to see the way it performs
- If you happen to get too many alerts, increase the standard threshold to 50% or allow the Route Filter
- If alerts are too uncommon, test that InpMatchTolerance will not be too tight — attempt 0.15 as a substitute of 0.10
- All the time backtest any setting adjustments earlier than utilizing them on a stay account
Greatest Timeframes and Markets
Advisable Timeframes
| Timeframe | Sign High quality | Sign Frequency | Greatest For |
|---|---|---|---|
| M15 | Good | Excessive | Scalping and intraday momentum performs |
| H1 | Very Good | Medium | Intraday swing setups, normal use case |
| H4 | Glorious | Low-Medium | Swing buying and selling with well-defined reversals |
| D1 | Glorious | Low | Place buying and selling, high-conviction setups |
Greatest Markets
- XAUUSD (Gold): Glorious sample readability on H1 and H4 — the matching excessive/low construction exhibits clearly on account of Gold’s tendency for sharp reversals at key ranges
- EURUSD, GBPUSD, USDJPY: Dependable outcomes on H1 and above; works properly at London and New York session open
- US30, NAS100: Use H4 and Day by day for clearer alerts; keep away from M15 on indices on account of noise
- Cryptocurrency: Day by day timeframe offers 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 supply probably the most dependable alerts.
Getting Began — Fast Setup
Observe these steps to start out utilizing Tweezer Buying and selling System:
- Open MetaTrader 5 and cargo a chart — XAUUSD on H1 is an efficient place to begin
- Within the Navigator panel on the left, develop “Indicators” then discover “TweezerTradingSystem” beneath Customized Indicators
- Drag it onto your chart or double-click to connect it
- A settings window seems — click on OK to make use of the default settings in your first session
- Look ahead to inexperienced arrows (Tweezer Backside) or pink arrows (Tweezer Prime) showing on accomplished candles
- After a couple of days of statement, modify the Match Tolerance or High quality Threshold if you happen to want extra or fewer alerts
- Allow Cellular 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 robotically 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)
- Route 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 under Tweezer Prime low
- Sample-based cease loss set exactly on the matching low (Backside) or matching excessive (Prime) plus ATR buffer
The next professional-grade options can be found throughout all our indicators:
| 3 | INTERFACE DISPLAY | Rationalization of the parts displayed on the chart | ||
| Person Information: Buying and selling Traces & Sign Monitoring System | The system robotically attracts Entry, Cease Loss, and Take Revenue traces (TP 1–4) on the chart, tracks worth motion for hits, information Win/Loss outcomes, and shows real-time efficiency statistics. | |||
| Person Information : Visualization, Zone Fill, Sign Dashboard & Cancelled Indicators | If you connect an indicator to a chart, the system renders the next visible parts for every detected sign | |||
| Person Information: MTF SCAN & Dashboard Person Information | MTF SCAN robotically scans all Market Watch symbols throughout 8 timeframes (M1 to W1) and shows outcomes on a Dashboard grid immediately in your chart. | |||
| Person Information : Chart Theme Person Information | Chart Theme is a function that adjustments all the chart shade scheme in MetaTrader 5 — together with the background, candles, grid, textual content, and Bid/Ask traces — with a single click on. | |||
| 4 | CORE CONCEPTS | Basic ideas that the system is constructed upon | ||
| Person Information: Market Construction Performance within the Buying and selling System | Identifies pattern route (Uptrend, Downtrend, Ranging) by analyzing swing highs/lows, and detects key occasions: BOS (pattern continuation) and CHoCH (potential pattern reversal). | |||
| Person Information : Sign Varieties, States, and Lifecycle | A sign is the system’s notification when it detects a qualifying candlestick sample on the chart. Every sign tells you the anticipated worth route and supplies prompt entry, cease loss, and take revenue ranges. | |||
| 5 | SIGNAL FILTERS | Filters that refine and validate buying and selling alerts | ||
| Person Information: Commerce Route (Route Filter) within the Buying and selling System | Defines the allowed buying and selling route (Purchase solely, Promote solely, each, or neither) as the primary filter earlier than looking for entry alerts, based mostly on present market pattern. | |||
| Person Information: Sign Zone Filter within the Buying and selling System | Eliminates alerts not close to vital worth zones, retaining solely these linked to market constructions (swing excessive/low, BOS, CHoCH) to cut back noise. | |||
| Person Information: StoplossHunt Filter Person Information — Filtering “SL Sweep” Indicators | Identifies higher-probability alerts by checking whether or not worth “swept stoploss” earlier than forming a sample. | |||
| Person Information : Excessive Zone Filter |
Excessive Zone Filter is a sign filtering function that helps keep away from coming into trades when worth is on the high or backside of a Donchian worth channel. | |||
| Person Information: Reverse Sign Filter | The Reverse Sign Filter is an computerized function that forestalls new alerts from showing when you have already got an lively commerce working in the other way.The precept could be very easy: Do not buy if you’re promoting. Do not promote if you’re shopping for. | |||
| Person Information : High quality Filter Person Information | High quality Filter is a function that helps you obtain solely the perfect alerts — worth patterns fashioned clearly, with balanced proportions and excessive reliability — and reject weak alerts, uninteresting patterns, and people under normal. | |||
| 6 | TRADE MANAGEMENT | |||
| Person Information : Danger/Reward & SL Technique Person Information | Danger/Reward (R:R) is the ratio between the sum of money you settle for shedding (Danger) and the sum of money you count on to realize (Reward) in a single commerce. | |||
| Person Information: Trailing Cease Loss (TSL) Person Information | Common Cease Loss (SL) stays mounted in a single place. You set SL at 1990.00, and it stays there endlessly — even when worth has risen to 2030.00.Trailing Cease Loss (TSL) is totally different. It robotically strikes in your favor when worth advances. As worth strikes up, TSL strikes up with it. When worth stalls or reverses, TSL holds the perfect place it reached. | |||
| 7 | CONFIGURATION PARAMETERS GUIDE | Detailed information to every configuration parameter | ||
| SIGNAL SCANNING CONFIGURATION GUIDE – MIRAGE TRADING SYSTEM EA | Information to mastering sign scanning settings inside the Inputs tab, optimizing commerce discovery on a single chart or throughout all the market. | |||
| 8 | ALERTS & NOTIFICATIONS | |||
| Person Information: Alerts & Notifications Person Information | Configure push notifications, and on-screen popups when new alerts are detected. |
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 Prime) plus an ATR-based buffer. The precise distance is dependent upon present volatility. In high-volatility situations the ATR is bigger, so the buffer is wider. You’ll be able to swap to Donchian Channel mode or ATR Multiplier mode within the Cease Loss settings if you happen to choose a fixed-distance technique.
Q: What’s the greatest timeframe to start out with?
H1 is the beneficial beginning timeframe. It supplies sufficient sign frequency to look at the sample frequently 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 greater within the settings. If you happen to nonetheless get too many alerts, allow the Route Filter to permit solely alerts aligned with the present market construction pattern. You too can allow the Excessive Zone Filter to dam alerts close to overbought or oversold ranges.
Q: How is Tweezer totally different from a Double Prime or Double Backside?
A Tweezer is a 2-candle sample the place the matching excessive types on consecutive bars — the 2 rejection ranges are immediately adjoining. A Double Prime 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 totally different time scales and require totally 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 Prime) barely under the sample low. The entry triggers when worth strikes within the anticipated route and hits the cease stage. 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 embrace:
- Automated Tweezer Prime 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 masking 150 symbols throughout 8 timeframes
- 7-layer sign filtering: High quality, Excessive Zone, Route, 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
If in case you have questions or want assist:
I am dedicated to serving to you get probably the most out of this indicator.
Able to Begin?
Tweezer Buying and selling System is designed to save lots of you time and show you how to discover high-probability Tweezer patterns robotically. 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.
Completely happy buying and selling!
Ich Khiem Nguyen
Tweezer Buying and selling System v1.00 — Created 2026-02-22