OPEN-SOURCE SCRIPT
MIZAN: Fake Out / Inducement Hunter
Description
STOP GETTING TRAPPED BY THE MARKET!
Are you tired of getting stopped out right before the market moves in your direction? This is called a Fake Out or Liquidity Sweep. The "MIZAN Fake Out Hunter" is designed to detect these manipulation patterns automatically using Smart Money Concepts (SMC).
💎 How It Works:
Identifies Key Levels: The script automatically detects major Swing Highs and Swing Lows (Key Fractals) where liquidity (Stop Loss orders) is resting.
Detects Inducement: It monitors price action approaching these levels. When price creates "Equal Highs" or "Equal Lows" near a key level without breaking it, it identifies this as Inducement (a trap for retail traders).
Signals the Sweep: The signal fires ONLY when price aggressively breaks the level (sweeping the liquidity) and immediately rejects (closes back inside the range).
🚀 Features:
Bullish Fake Out (Green Signal): Detects when sellers are trapped at support (Stop Hunt Low).
Bearish Fake Out (Red Signal): Detects when buyers are trapped at resistance (Stop Hunt High).
Alerts Included: Never miss a manipulation setup again.
🧠 How to Trade: Use this indicator to confirm entries at Major Support/Resistance or Supply/Demand zones. Wait for the "FAKE OUT" signal to confirm that the Smart Money has finished collecting liquidity before entering the trade.
STOP GETTING TRAPPED BY THE MARKET!
Are you tired of getting stopped out right before the market moves in your direction? This is called a Fake Out or Liquidity Sweep. The "MIZAN Fake Out Hunter" is designed to detect these manipulation patterns automatically using Smart Money Concepts (SMC).
💎 How It Works:
Identifies Key Levels: The script automatically detects major Swing Highs and Swing Lows (Key Fractals) where liquidity (Stop Loss orders) is resting.
Detects Inducement: It monitors price action approaching these levels. When price creates "Equal Highs" or "Equal Lows" near a key level without breaking it, it identifies this as Inducement (a trap for retail traders).
Signals the Sweep: The signal fires ONLY when price aggressively breaks the level (sweeping the liquidity) and immediately rejects (closes back inside the range).
🚀 Features:
Bullish Fake Out (Green Signal): Detects when sellers are trapped at support (Stop Hunt Low).
Bearish Fake Out (Red Signal): Detects when buyers are trapped at resistance (Stop Hunt High).
Alerts Included: Never miss a manipulation setup again.
🧠 How to Trade: Use this indicator to confirm entries at Major Support/Resistance or Supply/Demand zones. Wait for the "FAKE OUT" signal to confirm that the Smart Money has finished collecting liquidity before entering the trade.
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.