OPEN-SOURCE SCRIPT
HL ±Pips Zone
## **Overview**
This indicator highlights the most critical danger zones for scalpers:
the **±2 pips area around the most recent High and Low**.
These zones often attract liquidity, cause fake breakouts, and lead to stop hunts—especially in USDJPY scalping.
Use this tool as a **dynamic “no-entry buffer”** to avoid low-probability trades.
---
## **Purpose**
* Prevent entries near recent highs/lows where reversals are common
* Filter out low-quality signals from your existing strategy
* Reduce consecutive losses during range conditions
* Improve win-rate by avoiding fake breakouts and wick-based stop-outs
---
## **How It Works**
* The indicator identifies the **recent highest high** and **recent lowest low** within a user-defined lookback period.
* It then draws:
* **Red Zone:** ±pips around the recent high
* **Blue Zone:** ±pips around the recent low
* These zones represent areas where liquidity traps and false breakouts frequently occur.
---
## **How to Use**
### **1. Avoid entering positions inside the colored zones**
Even if your strategy generates a signal, skip the trade when price is inside the ±pips buffer.
### **2. Enter only after a clean breakout**
Look for:
* A candle **body** closing outside the zone
* A small pullback
* Confluence with your existing entry criteria
### **3. Identify trend vs. range easily**
* Price sticking inside the zones → **range**
* Price staying outside → **trend**
### **4. Better stop-loss handling**
Using the **candle close** beyond the zone for stop-loss improves trade stability and prevents noise-based stop-outs.
---
## **Best For**
* USDJPY scalping (1m / 30s)
* Breakout & momentum strategies
* The H Alert–based setups
* Traders avoiding liquidity traps
---
## **Inputs**
* **Lookback Period:** Number of bars to define recent high/low
* **Pips Offset:** Distance above/below recent high/low
* **Pip Size:** Automatically calculated for FX pairs
---
## **Benefits**
* Avoids entries at the top/bottom of ranges
* Prevents fake breakout losses
* Provides clear visual “danger zones”
* Works perfectly as a filter for any entry strategy
---
## **Summary**
**Trade outside the colored zones.
Avoid entries inside them.**
This simple rule can dramatically improve consistency and reduce unnecessary losses—especially in fast scalping environments.
---
## **Notes**
* Optimized for USDJPY 1m/30s
* Works across all FX pairs with correct pip settings
* No repainting
---
This indicator highlights the most critical danger zones for scalpers:
the **±2 pips area around the most recent High and Low**.
These zones often attract liquidity, cause fake breakouts, and lead to stop hunts—especially in USDJPY scalping.
Use this tool as a **dynamic “no-entry buffer”** to avoid low-probability trades.
---
## **Purpose**
* Prevent entries near recent highs/lows where reversals are common
* Filter out low-quality signals from your existing strategy
* Reduce consecutive losses during range conditions
* Improve win-rate by avoiding fake breakouts and wick-based stop-outs
---
## **How It Works**
* The indicator identifies the **recent highest high** and **recent lowest low** within a user-defined lookback period.
* It then draws:
* **Red Zone:** ±pips around the recent high
* **Blue Zone:** ±pips around the recent low
* These zones represent areas where liquidity traps and false breakouts frequently occur.
---
## **How to Use**
### **1. Avoid entering positions inside the colored zones**
Even if your strategy generates a signal, skip the trade when price is inside the ±pips buffer.
### **2. Enter only after a clean breakout**
Look for:
* A candle **body** closing outside the zone
* A small pullback
* Confluence with your existing entry criteria
### **3. Identify trend vs. range easily**
* Price sticking inside the zones → **range**
* Price staying outside → **trend**
### **4. Better stop-loss handling**
Using the **candle close** beyond the zone for stop-loss improves trade stability and prevents noise-based stop-outs.
---
## **Best For**
* USDJPY scalping (1m / 30s)
* Breakout & momentum strategies
* The H Alert–based setups
* Traders avoiding liquidity traps
---
## **Inputs**
* **Lookback Period:** Number of bars to define recent high/low
* **Pips Offset:** Distance above/below recent high/low
* **Pip Size:** Automatically calculated for FX pairs
---
## **Benefits**
* Avoids entries at the top/bottom of ranges
* Prevents fake breakout losses
* Provides clear visual “danger zones”
* Works perfectly as a filter for any entry strategy
---
## **Summary**
**Trade outside the colored zones.
Avoid entries inside them.**
This simple rule can dramatically improve consistency and reduce unnecessary losses—especially in fast scalping environments.
---
## **Notes**
* Optimized for USDJPY 1m/30s
* Works across all FX pairs with correct pip settings
* No repainting
---
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オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。