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[RealEdgeFX] - Manipulation Candle

Overview
The Manipulation Candle indicator highlights potential liquidity grabs and false breakouts directly on the chart. It focuses on moments when price sweeps prior highs or lows but closes in the opposite direction, suggesting a possible manipulation before a market reversal.
Core Logic
The indicator compares the current candle against the previous one and colors the bar when specific conditions are met:
Neutral candles remain uncolored to avoid clutter and keep the focus on high-impact moments.
Design Approach
Usage
The Manipulation Candle indicator highlights potential liquidity grabs and false breakouts directly on the chart. It focuses on moments when price sweeps prior highs or lows but closes in the opposite direction, suggesting a possible manipulation before a market reversal.
Core Logic
The indicator compares the current candle against the previous one and colors the bar when specific conditions are met:
- Sell Manipulation (dark red)
- When the current candle breaks above the previous high but then closes below the prior low.
- → This often signals a stop hunt to the upside followed by bearish intent.
- Buy Manipulation (light green)
- When the current candle breaks below the previous low but then closes above the prior high.
- → This suggests a liquidity sweep to the downside before bullish continuation.
Neutral candles remain uncolored to avoid clutter and keep the focus on high-impact moments.
Design Approach
- Clarity: Only the candles that meet strict criteria are marked, reducing noise.
- Liquidity Focused: Built for traders who want to quickly spot manipulative price action.
- Non-Repainting: Once a candle is identified as manipulation, the color stays fixed.
Usage
- Add it as an overlay on your chart.
- Watch for green or red manipulation candles as alerts of possible reversals or liquidity events.
- Combine with your own market structure or bias tools to increase accuracy.
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開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。