TweezerBottom

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Related Topics

 

 

Description

A Tweezer bottom are any two consecutive candlesticks with identical lows.

 

 

 

Formula

TweezerBottom(INPUT)=begin

  retval = NONUM

  targetBar = 0

  cLow = GetPrice($1, BATE_LOW, targetBar, 0)

  pLow = GetPrice($1, BATE_LOW, (targetBar + 1), 0)

  if cLow == pLow then begin

    retval = '_TZ'|clr_green|vertical|ftiny|below

  end

  retval

end

 

 

Parameters

INPUT

The INPUT directive makes this formula available as a Formula Overlay. INPUT refers to the instrument in the chart.

 

 

Return Value

This support indicator is rendered "_TZ" in green below the candlestick.

 

 

Examples

 

 

Comments

NA

 

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