OPEN-SOURCE SCRIPT
Smart Trap Candle Detector [Pro]
Purpose
The Smart Trap Candle Detector [Pro] is designed to identify common fakeout scenarios in the market, where price breaks a key swing high or low and quickly reverses. These “trap candles” often mislead breakout traders and are commonly used by smart money to induce liquidity before reversing.
How It Works
The script detects potential trap candles using these conditions:
A bearish trap is identified when price breaks above a recent swing high and closes back below it.
A bullish trap is identified when price breaks below a recent swing low and closes back above it.
Optional confirmation from the previous candle’s direction can be enabled.
Swing highs/lows are calculated dynamically using a configurable lookback window.
Once a trap candle is confirmed, a signal is displayed on the chart along with optional labels and alert conditions.
Features
Detects fake breakouts of swing highs and lows
Configurable swing lookback period
Optional confirmation candle filter
Optional label display on trap bars
Built-in alerts for bullish and bearish trap signals
Lightweight, real-time signal detection
Usage Tips
Best used on intraday timeframes such as 15m, 30m, or 1H
Use around key support/resistance zones or liquidity areas
Combine with other confluence signals such as order blocks or RSI divergence
Adjust the swing lookback period depending on the volatility of the asset
The Smart Trap Candle Detector [Pro] is designed to identify common fakeout scenarios in the market, where price breaks a key swing high or low and quickly reverses. These “trap candles” often mislead breakout traders and are commonly used by smart money to induce liquidity before reversing.
How It Works
The script detects potential trap candles using these conditions:
A bearish trap is identified when price breaks above a recent swing high and closes back below it.
A bullish trap is identified when price breaks below a recent swing low and closes back above it.
Optional confirmation from the previous candle’s direction can be enabled.
Swing highs/lows are calculated dynamically using a configurable lookback window.
Once a trap candle is confirmed, a signal is displayed on the chart along with optional labels and alert conditions.
Features
Detects fake breakouts of swing highs and lows
Configurable swing lookback period
Optional confirmation candle filter
Optional label display on trap bars
Built-in alerts for bullish and bearish trap signals
Lightweight, real-time signal detection
Usage Tips
Best used on intraday timeframes such as 15m, 30m, or 1H
Use around key support/resistance zones or liquidity areas
Combine with other confluence signals such as order blocks or RSI divergence
Adjust the swing lookback period depending on the volatility of the asset
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.