indicator · on price · open source

Tweezer Bottom

Deepwick · @deepwickv1Updated 2 Oct 2026▲ 0 users

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About

Tweezer Bottom: two candles with nearly identical lows (within 10% of ATR), the first bearish and the second bullish. The equal lows mark strong support.

Green bar colour on the second candle.
Most reliable after a downtrend and at obvious support zones.

Source code

//@version=5
indicator("Tweezer Bottom", overlay=true)
lowEq = math.abs(low - low[1]) < ta.atr(14) * 0.1
prevDown = close[1] < open[1]
currUp = close > open
tw = lowEq and prevDown and currUp
barcolor(tw ? color.green : na)
plotshape(tw, "Tweezer Bottom", style=shape.triangleup, location=location.belowbar, color=color.green, text="TB")
alertcondition(tw, "Tweezer Bottom", "Tweezer Bottom pattern printed")

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