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Trap Candle (Trend H4 + RSI Filter)
🔍 Trap Candle (Trend H4 + RSI Filter)
Description:
The Trap Candle indicator is designed to identify a specific and powerful two-candle price action pattern that often signals a false breakout followed by a strong reversal. It combines pure price action with two objective filters to increase signal quality and trend alignment.
📊 Pattern Logic:
Bullish Trap: The current candle breaks the previous candle’s low, but closes above its high (and is bullish).
Bearish Trap: The current candle breaks the previous candle’s high, but closes below its low (and is bearish).
This pattern often reveals institutional traps or stop hunts before directional movement.
🧠 Trend Filter (H4):
Ensures long signals occur only when the H4 close is higher than the previous H4 close (uptrend).
Ensures short signals occur only in a H4 downtrend.
Designed to align intraday entries (M15, H1) with higher timeframe momentum.
💪 RSI Confirmation:
Includes a configurable RSI filter on the current timeframe.
Only long signals are shown when RSI is above a user-defined threshold (e.g. 55).
Only short signals are shown when RSI is below a user-defined threshold (e.g. 45).
⚙️ Key Features:
Full customization of RSI period and thresholds.
Clean, visual signal plotting on the chart (with “Trap L” or “Trap S” labels).
Built-in alerts for both long and short trap candle setups.
Perfect for traders who want to trade smart reversals with trend and momentum confirmation.
✅ Recommended Timeframes:
M15 and H1 (entry)
Uses H4 for trend bias
If you’re looking to filter out noise and spot only the highest quality reversal setups, the Trap Candle (Trend H4 + RSI Filter) is a solid tool for any price action-based strategy.
Description:
The Trap Candle indicator is designed to identify a specific and powerful two-candle price action pattern that often signals a false breakout followed by a strong reversal. It combines pure price action with two objective filters to increase signal quality and trend alignment.
📊 Pattern Logic:
Bullish Trap: The current candle breaks the previous candle’s low, but closes above its high (and is bullish).
Bearish Trap: The current candle breaks the previous candle’s high, but closes below its low (and is bearish).
This pattern often reveals institutional traps or stop hunts before directional movement.
🧠 Trend Filter (H4):
Ensures long signals occur only when the H4 close is higher than the previous H4 close (uptrend).
Ensures short signals occur only in a H4 downtrend.
Designed to align intraday entries (M15, H1) with higher timeframe momentum.
💪 RSI Confirmation:
Includes a configurable RSI filter on the current timeframe.
Only long signals are shown when RSI is above a user-defined threshold (e.g. 55).
Only short signals are shown when RSI is below a user-defined threshold (e.g. 45).
⚙️ Key Features:
Full customization of RSI period and thresholds.
Clean, visual signal plotting on the chart (with “Trap L” or “Trap S” labels).
Built-in alerts for both long and short trap candle setups.
Perfect for traders who want to trade smart reversals with trend and momentum confirmation.
✅ Recommended Timeframes:
M15 and H1 (entry)
Uses H4 for trend bias
If you’re looking to filter out noise and spot only the highest quality reversal setups, the Trap Candle (Trend H4 + RSI Filter) is a solid tool for any price action-based strategy.
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開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。