TC2000 Tweezer Bottom Candlestick Scan

$39.00

The TC2000 tweezer bottom candlestick scan is a bottoming pattern that indicates a shift in the underlying trend direction from down to sideways or higher.

Description

The TC2000 tweezer bottom candlestick scan will return to you stocks that capture the essence of this classic candlestick reversal pattern.

How this screener works

There are lots of ways to implement a scan for the tweezer bottom pattern, so let’s be clear about what The Trade Risk’s looks for:

  • The first candle has above average range and a large body with small wicks.
  • The second candle has a much smaller body than the first bar signaling a bit more indecision.
  • Both the first and second candles have nearly identical low points.
  • Historically this pattern works best following a short-term downtrend which we include supplemental code for you to add to this scan if desired.

Scan features

  • Purchase includes exact PCF code and setup instructions
  • Purchase includes additional scan criteria to consider:
    • Average daily volume filter
    • Short-term down trend filter
  • Can be used on all versions of TC2000
  • Can be used on any time-frame
  • Can be combined with other criteria to improve accuracy
  • Stack the odds in your favor by using this scan against our weekly curated TR150 watchlist

Add to cart

Please note: all sales are final. This is an instant digital download and you will receive the source code immediately upon purchase. We encourage you to contact us prior to check out if you have any questions about this scan or if you would like to see the latest stock results. Thank you for your understanding!

Bundle offer

Get a discount when you purchase this Tweezer Bottom Candlestick Scan and its bearish version equivalent in the Tweezer Candlestick Scans Bundle package.

Additional information

Product Type

Bullish

Platform

Worden TC2000

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