PROTECTED SOURCE SCRIPT
Manipulation Candle
# Manipulation Candle Indicator
This Pine Script™ indicator is designed to detect and highlight "Manipulation Candles" (MC) on the current chart and across multiple higher timeframes (3m, 5m, 10m). It also plots session high, low, and 50% levels.
## Features
### 1. Session High/Low Lines
- Plots lines for the High, Low, and Mid (50%) price levels of a user-defined trading session.
- **Inputs**: Start Time, End Time (default 09:30 - 10:30 NY time).
- Includes a background fill between the high and low lines.
### 2. Manipulation Candle (MC) Detection
Detects specific reversal patterns known as Manipulation Candles:
- **Bullish MC**: Current Low < Previous Low AND Close > Previous High.
- **Bearish MC**: Current High > Previous High AND Close < Previous Low.
- **Visuals**: Highlights the candle bar color on the chart (User-configurable colors).
- **Session Filter**: Only detects MCs within a specific "Search Session" (default 10:00 - 11:00 NY time).
### 3. Multi-Timeframe (MTF) Detection
Monitors higher timeframes for confirmed Manipulation Candles and places labels on the chart.
- **Supported Timeframes**: 3m, 5m, 10m.
- **Labels**: Places a label at the high (Bearish) or low (Bullish) of the confirmed candle.
- **Context**: Detects confirmed closed candles from the higher timeframe.
### 4. Alerts
- **Real-time Alerts**: Triggers alerts when an MC is detected on the current chart (Once per bar close).
- **Alert Conditions**: `Bullish MC Alert` and `Bearish MC Alert` available for creating specific alerts in TradingView.
## Settings
### Session Settings
- **Start Time (HHMM)**: Start of the initial balance/session range (default "0930").
- **End Time (HHMM)**: End of the initial balance/session range (default "1030").
### Visual Settings
- **Line Colors**: Customize High (Green), Low (Red), and 50% (White) lines.
- **Background Fill**: Adjust color and transparency.
### Manipulation Candle Settings
- **MC Search Session**: Time range to scan for Manipulation Candles (default "1000-1100").
- **Timeframe Toggles**: Enable/Disable detection for 3m, 5m, and 10m.
- **Colors**: Customize Bullish (Yellow) and Bearish (Purple) colors.
This Pine Script™ indicator is designed to detect and highlight "Manipulation Candles" (MC) on the current chart and across multiple higher timeframes (3m, 5m, 10m). It also plots session high, low, and 50% levels.
## Features
### 1. Session High/Low Lines
- Plots lines for the High, Low, and Mid (50%) price levels of a user-defined trading session.
- **Inputs**: Start Time, End Time (default 09:30 - 10:30 NY time).
- Includes a background fill between the high and low lines.
### 2. Manipulation Candle (MC) Detection
Detects specific reversal patterns known as Manipulation Candles:
- **Bullish MC**: Current Low < Previous Low AND Close > Previous High.
- **Bearish MC**: Current High > Previous High AND Close < Previous Low.
- **Visuals**: Highlights the candle bar color on the chart (User-configurable colors).
- **Session Filter**: Only detects MCs within a specific "Search Session" (default 10:00 - 11:00 NY time).
### 3. Multi-Timeframe (MTF) Detection
Monitors higher timeframes for confirmed Manipulation Candles and places labels on the chart.
- **Supported Timeframes**: 3m, 5m, 10m.
- **Labels**: Places a label at the high (Bearish) or low (Bullish) of the confirmed candle.
- **Context**: Detects confirmed closed candles from the higher timeframe.
### 4. Alerts
- **Real-time Alerts**: Triggers alerts when an MC is detected on the current chart (Once per bar close).
- **Alert Conditions**: `Bullish MC Alert` and `Bearish MC Alert` available for creating specific alerts in TradingView.
## Settings
### Session Settings
- **Start Time (HHMM)**: Start of the initial balance/session range (default "0930").
- **End Time (HHMM)**: End of the initial balance/session range (default "1030").
### Visual Settings
- **Line Colors**: Customize High (Green), Low (Red), and 50% (White) lines.
- **Background Fill**: Adjust color and transparency.
### Manipulation Candle Settings
- **MC Search Session**: Time range to scan for Manipulation Candles (default "1000-1100").
- **Timeframe Toggles**: Enable/Disable detection for 3m, 5m, and 10m.
- **Colors**: Customize Bullish (Yellow) and Bearish (Purple) colors.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.