Zeiierman

Trapped Traders - SR Levels/Zones (Expo)

Trapped Traders - SR Levels/Zones (Expo) automatically identifies and displays support and resistance levels based on where Bulls & Bears can be trapped.

  • Levels are displayed where there is a high probability that market participants will be trapped and forced to exit their positions if the price breakouts from the SR level.
  • If the price doesn't breakouts from the SR level there's a chance that the market has topped or bottomed out.

The indicator can be used standalone or as a part of your current trading strategy.

  • Real-time
  • No repainting
  • Works on any market

HOW TO USE

1. Use the indicator to identify where Bulls and Bears can be trapped.
2. Use the indicator to identify potential breakouts in the trend direction.
3. Use the indicator to identify potential reversal points.


INDICATOR IN ACTION

Daily Chart




I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!

I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!



ACCESS THE INDICATOR

• Contact me on TradingView or use the links below




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Disclaimer


Copyright by Zeiierman.

The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.

All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.


My scripts/indicators/ideas are only for educational purposes!
Release Notes: Improvements!

  • Performance Improvements
  • Breakout labels added
  • Breakout alerts added
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