Tweezer Bottom Strategy (Python)

The Tweezer Bottom is a two-candle reversal pattern that appears after a decline. Both candles share a similar low, signaling that sellers failed to push beyond that level. This strategy goes long after the second candle confirms the shared bottom, anticipating a bounce as selling pressure dries up. Stops are placed just beneath the common low to manage risk, and the position exits if price fails to rally.

• 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