Rolux Pullback Trap
- Göstergeler
- Sürüm: 1.25
- Etkinleştirmeler: 5
Rolux Pullback Trap
Pullback / trap continuation indicator for Gold (XAUUSD) on M5: marks the retracement zone after a strong move and signals the close beyond its extreme. Computed on closed bars only, no repaint.
DESCRIPTION
Rolux Pullback Trap finds a classic pattern on MetaTrader 5: a strong directional move, a pullback that traps the traders going the other way, and a candle that closes beyond the extreme of the move. It draws the pullback zone as a card on the chart and puts an arrow on the signal candle. It is designed and tuned for Gold (XAUUSD) on the 5-minute timeframe.
Non-repainting: signals are computed on closed bars only. A drawn signal is never moved or deleted afterwards.
How it works
- Big move: a swing-to-swing move of at least 4 ATR (ATR 14).
- Pullback: price retraces 30% to 80% of that move, between 3 and 30 bars after its extreme.
- Signal: a candle closes beyond the extreme of the move (above the high for a BUY, below the low for a SELL). The arrow is drawn on that candle.
- Zone card: a rectangle over the pullback, a breakout line at the extreme of the move, a dotted 50% line and a label.
- Slow SMA on the chart (default 200), coloured by slope: rising or falling. The colours are set in the Colors tab.
- Only BUY / Only SELL buttons (top right): show only one direction. Click again to show both.
- TREND strip (top right): slope of a higher-timeframe SMA (default SMA 80 on M15), shown as a green or red strip. Click it to move through M5, M15, M30, H1, H4. It is an indication only and does not filter the signals.
- Optional popup alert on a new signal.
- Optional Rolux chart theme (cream background, navy and steel candles), restored when you remove the indicator.
Recommended use
- Symbol: Gold (XAUUSD) on M5. The signal parameters are fixed to the values studied on this market. It runs on other symbols and timeframes, but they are not tuned for it.
- The screenshots also show the free Rolux Session Trading indicator (session boxes), which is a separate product and is not included.
- Use the signals together with your own session, trend reading and risk management.
- Test on a demo account first.
Important
This is an indicator: it does not open or close trades. Signals are not a guarantee of profit and some signals will be losing ones. Trading leveraged products involves a high risk of loss. Use proper risk management. Past behaviour does not predict future results.
INPUT GROUPS
- What to draw: chart theme, zone card, breakout line, labels, bars analysed, alerts.
- Buttons and trend strip: on / off, slow SMA on / off and length, button colours.
- Colors: buy and sell accent and zone colours.
