MM Trap Pro: Free TradingView Indicator (Pine Script)

Add It to Your TradingView Chart

1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.

Overview

MM Trap Pro calculates a simple moving average of volume and identifies high-volume candles with significant body percentages that fail to break previous high or low levels. When trap conditions are met, the indicator plots signal labels, draws horizontal trap lines, and highlights the background. Settings allow customization of volume multipliers, minimum body thresholds, visual toggles, and a mobile-friendly display mode.

High-volume trap pattern identification
Adjustable volume and body size threshold filters
Background color highlights and signal labels
Mobile-friendly display layout mode

Details

Published by

Alaamo7 on GitHub

Type

Indicator, Pine Script v6

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.

File

indicator.pine

Repository

github.com/Alaamo7/pine-script-v6-course. See its other scripts in the library

Topics

arabiceducationpine-scripttechnical-analysistradingview-indicators

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Volume Length	`int`	`20`	`length`
Volume Multiplier	`float`	`2.0`	`mult`
Min Body %	`float`	`0.5`	`minBodyPercent`
Show Bear Trap Line	`bool`	`true`	`showBearTrapLine`
Show Bull Trap Line	`bool`	`true`	`showBullTrapLine`
Show Background Highlight	`bool`	`true`	`showBgColor`
Show Signal Labels	`bool`	`true`	`showSignals`
Show Legend	`bool`	`true`	`showLegend`
Mobile Friendly Mode	`bool`	`true`	`mobileMode`

Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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