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Directional Trading

Trap Alert Module

$59 / month

Trap Alert Module is your safeguard in trading. Get real-time on-screen alerts to avoid buyer and seller traps, manage risk, and maximize profits. Compatible with TradingView for seamless integration. Trade smarter today.

Instruments Supported

Stocks, Indices, Commodities, Crypto
Market Conditions Supported

Directional Trading
Supports Options Trading

No
Recommended Timeframes

1 Min, 5 Min, 15 Min, 30 Min, 1 Hr, 4 Hr, Daily, Monthly, Weekly, Custom Timeframe
Recommended For

Beginners, Intermediate traders, Professional traders, Investors
Supported Trading Types

Intraday (day trading), Swing trading, Long term trading / investment

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Description

Trap Alert Module, your indispensable companion and a guardian angel in the world of trading. This innovative tool provides on-screen alerts, keeping you informed of potential buyer and seller traps in real-time. Seamlessly integrating with TradingView, it enhances your risk management strategy, ensuring you stay ahead of market traps and trade with confidence.

  • Stay Ahead of Traps: Receive on-screen alerts when there's a high probability of traders getting trapped.
  • Buyer & Seller Alerts: Be warned of potential buyer or seller traps to avoid getting caught on the wrong side.
  • Complements Existing Setups: Works seamlessly with any trading setup in TradingView.
  • Risk Management: Use alerts to reduce exposure, hedge positions, or maximize profits.
  • Not Contra Trading: It's about proactive risk management, not betting against the market.
  • Real-Time Alerts: Stay informed and make confident decisions with timely alerts.
  • Trade with Confidence: Navigate the markets with greater assurance, knowing you have the Trap Alert Module on your side.
How To Use

Applying WaveNodes Modules: A Step-by-Step Guide

  1. Visit TradingView.com: Go to tradingview.com in your web browser.
  2. Log In: Sign in to your TradingView account using your username and password.
  3. Open Any Chart: Once logged in, open any chart you'd like to analyze.
  4. Click on "Indicators": Look for the "Indicators" option located in the top bar above the chart.
  5. Navigate to Invite-only Scripts: Within the Indicators menu, find and select "Invite-only Scripts".
  6. Select Modules: From the list of available modules, choose the WaveNodes modules you wish to apply to the chart.
  7. Apply Modules: Click on the selected modules to apply them to your chart.

 

TAM Module - Trap Alert Module

Trap Alert Module can be a valuable tool for traders looking to improve their risk management, decision-making process, and overall trading performance in the market.

It indicates a higher chance of buyers or sellers getting trapped.

A text alert shows up on the chart when there's a potential for getting trapped. Otherwise, it remains inactive.

It's recommended to hedge your trades whenever you see a trap alert on the screen. However, note that this doesn't indicate a reversal pattern.

Colours:

  • On-screen alerts are shown in red color by default