PROTECTED SOURCE SCRIPT
Updated J Trap Candle
J Trap identifies Failed-2 inducement candles where price briefly takes liquidity (higher high or lower low) and immediately reverses, signaling a potential trap and short-term reversal.
These candles are best used at key levels (prior highs/lows, session highs/lows, Fib 61.8–88.6) and in alignment with higher-timeframe bias, especially during active sessions (London or NY) where liquidity is present.
These candles are best used at key levels (prior highs/lows, session highs/lows, Fib 61.8–88.6) and in alignment with higher-timeframe bias, especially during active sessions (London or NY) where liquidity is present.
Release Notes
fixed note and updated plots.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.