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Breakout Trap Detector
Designed and tested for XAUUSD (gold) on the M1 chart and BTCUSD (bitcoin) on the M15 chart.
Breakout Trap Detector shows two kinds of signals on your chart: a normal breakout signal, and a reversal signal when that breakout fails and the market turns the other way.
How it works
1) The setup The indicator watches the market with several built-in filters. When conditions line up, it marks a reference candle and draws a white line at its high (for a buy) or its low (fo