SMC Study: Buy & Sell Traps (Pro) - Levels OnlySMC Study: Buy & Sell Traps (Pro) — Levels Only
SMC Study: Buy & Sell Traps (Pro) — Levels Only is a Smart Money Concepts (SMC) based indicator designed to display key Support & Resistance levels on the chart. It helps traders identify important price zones where liquidity and market reactions are likely.
How it works:
- Pivot Highs are plotted as Resistance levels (red lines).
- Pivot Lows are plotted as Support levels (blue lines).
- Levels are filtered by ATR buffer, candle body strength, and optional volume confirmation.
- Lines automatically extend and update as new pivots form.
- No buy/sell signals, arrows, or alerts; clean structural levels only.
How to use:
- Use the levels as key reaction zones for potential entries.
- Support lines can indicate potential bullish bounces.
- Resistance lines can indicate potential bearish reversals.
- Combine with price action, market structure, and higher timeframe analysis.
- Suitable for all timeframes and markets.
Visuals:
- Blue horizontal lines: Support
- Red horizontal lines: Resistance
- Solid, dashed, or dotted lines (customizable)
- Lines extend dynamically with price movement
Important Notes:
- This indicator is for analysis only and does not generate trading signals.
- Proper risk management is required before taking any trades.
- Best used in conjunction with price action and structural analysis.
License:
Creative Commons BY-NC 4.0 (Open Source)
Free to use, modify, and share with attribution. Commercial use prohibited.
Disclaimer:
Educational purposes only. Trading involves risk.
Pine Script® indicator





