OPEN-SOURCE SCRIPT
Manipulation Candle System
This indicator is based on One Candle Scalping Strategy by ProRealAlgos
## **Manipulation Candle System – Simple Explanation**
This indicator helps traders identify **potential market manipulation** during the **US stock market session (New York)** and highlights **key reversal signals**.
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### **1. Daily ATR (Average True Range)**
* Measures the **average price movement** of the day.
* Helps determine if a move is **normal** or **abnormally large**.
* The indicator calculates **daily ATR** automatically.
* If 15 minute opening candle is more than 25% of Daily ATR, we can call it manipulation is happen .
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### **2. 15-Minute Opening Candle Box**
* Highlights the **first 15-minute candle** of the US session.
* The box **extends for 2 hours** after the market opens.
* **Color indicates market condition**:
* **Red box** → the opening candle range is bigger than 25% of the daily ATR → potential **manipulation**.
* **Blue box** → the opening candle range is normal → **neutral session**.
* Helps traders visually spot when the market might be trying to **trap traders**.
---
### **3. 5-Minute Reversal Detection**
* Looks for **reversal candle patterns** on the 5-minute chart:
* Bullish engulfing or strong bullish pin → **buy reversal**.
* Bearish engulfing or strong bearish pin → **sell reversal**.
* Only checks during the **US session**, after 15 minute opening candle.
* Helps traders **time entries** in the direction of potential market reversals.
---
### **4. Buy / Sell Signals**
* Shows **triangle markers** on the chart:
* **Green triangle below candle** → buy signal.
* **Red triangle above candle** → sell signal.
* The signal text also indicates:
* `"BUY (Trap Reversal)"` → if the reversal occurs during manipulation.
* `"BUY (Normal Reversal)"` → if the reversal occurs during a neutral session.
* `"SELL (Trap Reversal)"` → if a sell reversal occurs during manipulation.
* `"SELL (Normal Reversal)"` → otherwise.
---
### **5. Info Table**
* Appears at the **top-right** of the chart.
* Shows:
1. Daily ATR value.
2. 15-minute opening candle range.
3. Session condition → `"MANIPULATION"` or `"NEUTRAL"`.
4. Current reversal signal text.
---
### **How a New Trader Can Use It**
1. Look at the **color of the opening box**:
* Red → be cautious, price may trap traders.
* Blue → normal market behavior.
2. Watch for **reversal signals** on the 5-minute chart.
3. Use the **info table** to confirm ATR, session bias, and signals.
4. Combine this with **risk management** before entering trades.
## **Manipulation Candle System – Simple Explanation**
This indicator helps traders identify **potential market manipulation** during the **US stock market session (New York)** and highlights **key reversal signals**.
---
### **1. Daily ATR (Average True Range)**
* Measures the **average price movement** of the day.
* Helps determine if a move is **normal** or **abnormally large**.
* The indicator calculates **daily ATR** automatically.
* If 15 minute opening candle is more than 25% of Daily ATR, we can call it manipulation is happen .
---
### **2. 15-Minute Opening Candle Box**
* Highlights the **first 15-minute candle** of the US session.
* The box **extends for 2 hours** after the market opens.
* **Color indicates market condition**:
* **Red box** → the opening candle range is bigger than 25% of the daily ATR → potential **manipulation**.
* **Blue box** → the opening candle range is normal → **neutral session**.
* Helps traders visually spot when the market might be trying to **trap traders**.
---
### **3. 5-Minute Reversal Detection**
* Looks for **reversal candle patterns** on the 5-minute chart:
* Bullish engulfing or strong bullish pin → **buy reversal**.
* Bearish engulfing or strong bearish pin → **sell reversal**.
* Only checks during the **US session**, after 15 minute opening candle.
* Helps traders **time entries** in the direction of potential market reversals.
---
### **4. Buy / Sell Signals**
* Shows **triangle markers** on the chart:
* **Green triangle below candle** → buy signal.
* **Red triangle above candle** → sell signal.
* The signal text also indicates:
* `"BUY (Trap Reversal)"` → if the reversal occurs during manipulation.
* `"BUY (Normal Reversal)"` → if the reversal occurs during a neutral session.
* `"SELL (Trap Reversal)"` → if a sell reversal occurs during manipulation.
* `"SELL (Normal Reversal)"` → otherwise.
---
### **5. Info Table**
* Appears at the **top-right** of the chart.
* Shows:
1. Daily ATR value.
2. 15-minute opening candle range.
3. Session condition → `"MANIPULATION"` or `"NEUTRAL"`.
4. Current reversal signal text.
---
### **How a New Trader Can Use It**
1. Look at the **color of the opening box**:
* Red → be cautious, price may trap traders.
* Blue → normal market behavior.
2. Watch for **reversal signals** on the 5-minute chart.
3. Use the **info table** to confirm ATR, session bias, and signals.
4. Combine this with **risk management** before entering trades.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.