PROTECTED SOURCE SCRIPT
LogicIQ - TRAP
🔹 How to Trade with This Indicator
Bull Trap Setup (Sell Reversal):
Bear Trap Setup (Buy Reversal):
Bull Trap Setup (Sell Reversal):
- Price breaks above PDH or Swing High
- Indicator prints “Bull Trap” label
- Look for sell entries on next candle or lower timeframe
- Stop-loss above trap high
- Targets: VWAP, Previous levels, intraday support
Bear Trap Setup (Buy Reversal):
- Price breaks below PDL or Swing Low
- Indicator prints “Bear Trap” label
- Look for buy entries on next candle or lower timeframe
- Stop-loss below trap low
- Targets: VWAP, Previous levels, intraday resistance
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.