OPEN-SOURCE SCRIPT
Liquidity Trap PRO System
Gold exhibits multiple liquidity layers across higher timeframes, particularly the 4-hour and 1-hour structures. The objective is to precisely identify where significant liquidity is resting within these zones.
Once these liquidity areas are mapped, price typically gravitates toward the designated “green zone.” On the 5-minute timeframe, a rejection from this region often provides the optimal entry point.
This should not be taken mechanically—incorporate discretionary judgment through overall market structure, trend context, and price behaviour to refine timing and confirmation before execution.
Once these liquidity areas are mapped, price typically gravitates toward the designated “green zone.” On the 5-minute timeframe, a rejection from this region often provides the optimal entry point.
This should not be taken mechanically—incorporate discretionary judgment through overall market structure, trend context, and price behaviour to refine timing and confirmation before execution.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.