PROTECTED SOURCE SCRIPT
Anti-trap Trailing Stop Loss by KalyanBeta
Anti-trap Trailing Stop Loss by KalyanBeta or ATSL
ATSL changes color when there it identifies price manipulation/ SL Hunting / Traps by Smart Money.
Change in color may be an exit signal for your trade in current direction.
This is a very simple indicator which can be used to predict Traps or Stop-loss hunting.
This can help in Trailing Stop-loss and in Exit decisions along with your own strategy.
ATSL may be used in all timeframes.
Please back-test it along with your strategy and then use it for Trailing the Stop-loss without getting trapped by operators and stop-loss hunters.
All the best.
Do post your feedback in comments below. Thank you.
ATSL changes color when there it identifies price manipulation/ SL Hunting / Traps by Smart Money.
Change in color may be an exit signal for your trade in current direction.
This is a very simple indicator which can be used to predict Traps or Stop-loss hunting.
This can help in Trailing Stop-loss and in Exit decisions along with your own strategy.
ATSL may be used in all timeframes.
Please back-test it along with your strategy and then use it for Trailing the Stop-loss without getting trapped by operators and stop-loss hunters.
All the best.
Do post your feedback in comments below. Thank you.
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