Tweezer Top Strategy (Python)

The Tweezer Top mirrors the bottom version but appears after an advance. Two candles share nearly the same high, showing that buyers could not push beyond a certain level. The strategy opens a short once the second candle confirms the ceiling, expecting a pullback as bullish momentum stalls. A tight stop above the twin highs keeps risk in check and the trade exits if price climbs back above that resistance.

• Entry Criteria: pattern match

• Long/Short: Both

• Exit Criteria: stop-loss or opposite signal

• Stops: Yes, percent based

• Default Values:

• CandleType = 15 minute

• StopLoss = 2% [*]Filters:

• Category: Pattern

• Direction: Both

• Indicators: Candlestick

• Stops: Yes

• Complexity: Intermediate

• Timeframe: Intraday

• Seasonality: No

• Neural networks: No

• Divergence: No

• Risk level: Medium