OPEN-SOURCE SCRIPT
Updated Falcon Liquidity Grab Strategy

How to Use This Script for Commodities and Indices
Best Timeframes: Start with 15-minute charts but test on higher timeframes like 1 hour for indices.
Risk Settings: Adjust the stop_loss_points and take_profit_multiplier to match the volatility of the chosen instrument.
Best Timeframes: Start with 15-minute charts but test on higher timeframes like 1 hour for indices.
Risk Settings: Adjust the stop_loss_points and take_profit_multiplier to match the volatility of the chosen instrument.
Release Notes
Explanation of AdditionsTake-Profit Levels (Green Dotted Lines):
A green dotted line is drawn at the take-profit level for both long and short trades.
These lines adjust dynamically based on the calculated take-profit level.
Stop-Loss Levels (Red Dotted Lines):
A red dotted line is drawn at the stop-loss level for both long and short trades.
These lines adjust dynamically based on the calculated stop-loss level.
Entry Level Block:
A solid blue line is drawn at the entry price to visually highlight where the trade begins.
Session Background Colors:
Session backgrounds remain the same to help contextualize the trades.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.