Volume Trap

Trap Setup

Arrow Sensitivity parameter in TradersAllyVolume indicator is set to 2. Which means difference in volume between current bar and previous is more then 2. The idea behind this setup is to trade traps. First signal is ignored and places you on alert. When opposite signal occurs with close above prevous signal it is often a good scalp. As in image below around 8:15 we have down volume signal which didnt work and it reversed within 2 bars.. After first Cyan arrow enter long. Strategy shows reliable outcome on 1-15 minute time frames..

Often times you get sinal on Higher Time Frame like ono 5 min or 15, once that shows look for signal on 1min timeframe.