Tweezer Top / Tweezer Bottom — what it is and how to use it in trading
Definition
Tweezer Top is two consecutive candles sharing an (almost) identical high after an uptrend, as if resistance were tested twice in a row. Tweezer Bottom is the mirror pattern after a downtrend: two candles sharing an almost identical low.
How it works in the builder
tweezer_top/tweezer_bottom take a tol parameter (default 0.002, i.e. 0.2%): the two candles' highs (or lows) must match within that relative tolerance — exact equality almost never happens on real price data, so a small tolerance band is used instead.
What it looks like on the chart
Two adjacent candles whose tops (or bottoms) line up almost exactly, forming a visible flat "ceiling" or "floor" across the pair — the same level rejected twice in a row.
Typical use
Typical condition: tweezer_top == 1 after a rally, often confirmed by the second candle closing lower or by an overbought rsi(14) > 70.
Common pitfalls
With only two candles and a small tolerance window, the pattern can appear by coincidence in a choppy range with no real resistance/support behind it — it works better as confirmation next to an existing level (e.g. a recent high/low or a Smart Money zone) than as a standalone signal.
This block is available in the strategy builder
137 no-code blocks — build an entry condition with this term and test it on history
Historical results do not guarantee future ones. The service is an informational and analytical tool, not an individual investment recommendation; trades are not executed.