My script

This custom script detects three types of market behavior based on price action and volume:
1. Accumulation Detection (Green triangle ⏶ below bar)

Signals that smart money might be buying quietly before a move up.

🔍 Criteria:

A volume spike (above average by a multiplier)

Flat price movement (small price change compared to candle range)

💡 Why it's useful:

Accumulation often happens before a breakout. This gives early signals of potential bullish moves.

2. Distribution Detection (Red triangle ⏷ above bar)

Signals that smart money might be unloading before a move down.

🔍 Criteria:

Price is moving up

Volume is below average

(Optionally) RSI is overbought — to increase signal reliability

💡 Why it's useful:

Distribution often happens at the top of a move. This helps identify potential reversals or fakeouts.

3. Manipulation Detection (Orange diamond ◆ above bar)

Flags potential stop-hunts, fakeouts, or "smart money traps".

🔍 Criteria:

A volume spike

A large wick (upper or lower) that exceeds your chosen wick ratio

💡 Why it's useful:

Large wicks with high volume often signal liquidity grabs — where the market takes out stop losses before reversing.

⚙️ Inputs / Customization

You can adjust:

Volume Spike Multiplier: Sensitivity of what’s considered high volume

Wick Ratio Threshold: How big a wick must be to count as manipulation

Price Stability Factor: Defines "flat price" for accumulation

RSI Filter: Optional filter to confirm distribution with RSI overbought

📢 Alerts

You can set alerts for:

Accumulation

Distribution

Manipulation

Just add the indicator to your chart and click "Create Alert", then choose the condition you want.
📈 How to Use It in Trading

Confluence: Use this indicator with support/resistance, trendlines, or order blocks

Confirm Entries