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Bottomsignal

Tweezer Top & Tweezer Bottom Pattern (Expo)Tweezer Top/Bottom Pattern (Expo) indicator identifies real-time Tweezer Top and Tweezer Bottom in any market and in any timeframe. This is an enhanced version of the pattern which enables higher accuracy, and noise filtering. In addition to that, Tweezer Levels can be displayed which can be used in many different ways, for instance, as a stop loss level, or to confirm the signal. The ideal Tweezer pattern includes that the wicks should be 100% the same length. However, that rarely happens. So in this enhanced version, the user can set the maximum change that is allowed between the wicks. To enhance the signal accuracy a Bullish engulfing and Bearish engulfing filter can be toggled on. So a signal will only be displayed if an engulfing candle is in play. HOW TO USE Tweezer Top/Bottom should be used together with KEY market levels or with KEY supply/demand zones. Enter Long: if a Tweezer Bottom signal occurs at a KEY Level or on a KEY supply/demand zone. Target: The first target should be the nearest resistance level or supply zone. The second target should be the next resistance level or supply zone, and so on. Enter Short: if a Tweezer Top signal occurs at a KEY Level or on a KEY supply/demand zone. Target: The first target should be the nearest support level or demand zone. The second target should be the next support level or demand zone, and so on. Stop Loss: The Tweezer levels can be used as a stop loss. Remember: Use the indicator together with KEY levels or KEY Supply/Demand Zones. INDICATOR IN ACTION 4 Hour chart I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks! I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments! ----------------- Disclaimer Copyright by Zeiierman. The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My scripts/indicators/ideas are only for educational purposes! ----------------- ACCESS THE INDICATOR • Contact me on TradingView or use the links below
Pine Script™ indicator
by Zeiierman
25
Spectral Range™ by HypesterThe Hypester team strikes again! Picking tops & bottoms is a real art for any retail trader. It's just like scoring the perfect goal when you get the maximum profit from your trades. It's the difference between an excellent trade and just another trade in your system. It's that last edge you start to seek once you found your profitable strategy. That's what the Spectral Range™ algorithm does for you - it shows you where all the likely tops/bottoms are . It mixes the famous machine learning Spectro™ technology with cutting edge statistical anomaly detection. Since all the hard math is done for you, it's deploy and trade. Spectral Range™ will easily tell you when the range of the movement is far out of the normal, healthy and expected movement. The height of the bar will tell you how aggressive is the anomaly and consequently its correction, plus an extra layer of confirmation with the little warning signs that should be used together for a more conservative approach. It's really that simple, what are you waiting for?
Pine Script™ indicator
by spectertrading
5