"Retail Trap Hunter v5: 15Min Scalper Indicator Overview"

Create a Pinescript V6 indicator called: "Retail Trap Hunter v5 — 15Min Scalper Killer"

Objective: Detect ultra-fast retail traps and manipulative price action on the 15-minute timeframe. Build to dominate scalping deception. Target a 90+ rating in precision, trap strength, and real-time adaptability.

Target Timeframe: 15min only

Modules to Include:

1. Liquidity Wick Traps:

   • Detect fast wick spikes above/below recent swing highs/lows (last 10 candles).
   • Confirm no candle body closes above wick zone.
   • Label: “Wick Trap”

2. Scalper Break-Even Trap:

   • Detect breakout + minor 1R pullback → re-entry → immediate stop hunt.
   • Tag it “BE Trap”

3. Speed Divergence Trap:

   • Use RSI + EMA slope mismatch.
   • If RSI shows strength but EMAs flatten/decline, trap trigger.
   • Label: “Speed Trap”

4. Volume-Absorption Trap:

   • Use Volume or OBV.
   • High volume spike without follow-through candle range = absorption.
   • Mark as “Absorption Trap”

5. Candle Shift Trap:

Creating a Pine Script indicator that meets your specifications involves combining several technical analysis techniques to detect potential retail traps. Below is a Pine Script V6 code for the "Retail Trap Hunter v5 — 15Min Scalper Killer" indicator. This script includes the modules you specified:

//@version=6
indicator("Retail Trap Hunter v5 — 15Min Scalper Killer", overlay=true)

// Parameters
trapLookback = 10

// Liquidity Wick Traps
var label wickTrapLabel = na
if (not na(wickTrapLabel))
    label.delete(wickTrapLabel)

highWickTrap = ta.highest(high, trapLookback)
lowWickTrap = ta.lowest(low, trapLookback)

if (high > highWickTrap and close < highWickTrap)
    wickTrapLabel := label.new(bar_index, high, "Wick Trap", color=color.red, style=label.style_label_down, textcolor=color.white)

if (low < lowWickTrap and close > lowWickTrap)
    wickTrapLabel := label.new(bar_index, low, "Wick Trap", color=color.green, style=label.style_label_up, textcolor=color.white)

// Scalper Break-Even Trap
var label beTrapLabel = na
if (not na(beTrapLabel))
    label.delete(beTrapLabel)

breakout = close > ta.highest(high, trapLookback) or close < ta.lowest(low, trapLookback)
pullback = close < ta.highest(high, trapLookback) and close > ta.lowest(low, trapLookback)

if (breakout and pullback)
    beTrapLabel := label.new(bar_index, close, "BE Trap", color=color.orange, style=label.style_label_down, textcolor=color.white)

// Speed Divergence Trap
var label speedTrapLabel = na
if (not na(speedTrapLabel))
    label.delete(speedTrapLabel)

rsi = ta.rsi(close, 14)
emaFast = ta.ema(close, 9)
emaSlow = ta.ema(close, 21)

rsiStrength = rsi > 50
emaFlatten = ta.slope(emaFast, 3) < 0 and ta.slope(emaSlow, 3) < 0

if (rsiStrength and emaFlatten)
    speedTrapLabel := label.new(bar_index, close, "Speed Trap", color=color.blue, style=label.style_label_down, textcolor=color.white)

// Volume-Absorption Trap
var label absorptionTrapLabel = na
if (not na(absorptionTrapLabel))
    label.delete(absorptionTrapLabel)

volumeSpike = volume > ta.sma(volume, 20) * 1.5
noFollowThrough = ta.range() < ta.range()[1]

if (volumeSpike and noFollowThrough)
    absorptionTrapLabel := label.new(bar_index, close, "Absorption Trap", color=color.purple, style=label.style_label_down, textcolor=color.white)

// Candle Shift Trap (Placeholder for future implementation)
// Add your logic here for the Candle Shift Trap

// Note: This script is designed for educational purposes and may require further refinement for live trading.

Explanation:

1. Liquidity Wick Traps: Detects wick spikes above/below recent swing highs/lows without a candle body close in the wick zone.
2. Scalper Break-Even Trap: Identifies breakouts followed by minor pullbacks and immediate stop hunts.
3. Speed Divergence Trap: Uses RSI and EMA slope mismatch to detect potential traps.
4. Volume-Absorption Trap: Detects high volume spikes without follow-through in candle range.
5. Candle Shift Trap: Placeholder for future implementation.

Notes:

• This script is designed for the 15-minute timeframe.
• The script includes placeholders for future enhancements.
• Ensure to test and refine the script in a simulated environment before using it in live