Liquidity Trap Hunter Pro MT5
- Indicatori
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Wan Mohd Safwan Bin Wan Daud
Expertise in Logistics & Trade Distribution. In trading. just a Jack of all trade, Master of None.
Only trade for commodity, specifically on XAUUSD Gold & WTI Crude Oil. Also developers for indicators and Algo Trade.
Kindly PM me if you need helps for commodity trading. - Versione: 1.44
- Attivazioni: 5
Did price break the level, or did it just sweep it?
Liquidity Trap Hunter PRO is a MetaTrader 5 indicator for reading liquidity sweeps, failed breakouts and breakout continuation. It marks the levels to watch, shows what the latest closed candle confirmed, and displays a reference trade plan directly on the chart. Start with XAUUSD M15 or use another broker symbol with available price history.
READ THE CHART
The orange dashed line marks possible liquidity above recent highs. The teal dashed line marks possible liquidity below recent lows. An arrow marks a confirmed reversal. A diamond marks a confirmed breakout continuation. The solid Setup level identifies the price to watch, and the Watch line shows which later close would invalidate the setup.
On confirmation, the trade plan shows entry, stop loss, take profit and risk-to-reward references. The indicator does not place orders. When the panel says No confirmed signal, use the dashed levels to monitor price and wait for a closed-bar update.
QUICK SETUP
1. Open a chart in MT5 and drag Liquidity Trap Hunter PRO onto it from Navigator. The examples use XAUUSD M15. Use the exact symbol name from your broker.
2. Start with the default inputs. Keep ShowPanel and ShowLiquidityLevels enabled. Adjust PanelX and PanelY to move the dashboard.
3. The scanner covers M5, M15, H1 and H4. Enter up to two exact Market Watch names in ScannerSymbols, separated by commas. Set ShowScanner to false for the chart panel alone.
4. Enable PopupAlert, PushAlert or EmailAlert as needed. Configure and test push and email destinations under Tools, Options first. Alerts follow the chart symbol and timeframe.
REVIEW A SETUP
Wait for the candle to close and check Latest Closed Bar. For a reversal, read the arrow and check which level price returned across. For a continuation, read the diamond and check which level held at confirmation. Open the scanner's symbol and timeframe to review any setup in chart context.
Compare the reference entry with your current quote. Check spread, potential slippage and broker stop distance, and apply your own risk limits. Practice reading the panel on a demo account first. A confirmed setup describes price action and does not predict the outcome.
The screenshots show broker-connected XAUUSD M15 charts and archived broker candles replayed in MT5.
