Session manipulation candles and traps at key levels or HTF FVGs, with session ranges, key opens, highs and lows, and a dashboard.
Overview
This community script looks for manipulation candles: a candle that runs through a key level or a higher-timeframe fair value gap and then closes back. After a confirmation candle it can mark long, short, bulltrap or beartrap setups with stop and target lines.
It also draws session boxes and highs and lows (Asia, London, NY AM, NYSE, London Close, NY PM), daily, weekly and monthly opens, previous day, week and month highs and lows, the midnight open, higher-timeframe FVG zones from up to three timeframes, colored manipulation candles and a dashboard.
How it works
Signals can come from manipulation candles, almost-manipulation candles, or both, and from key levels, HTF FVGs, or both. The confirmation candle must come within 5 candles by default, and for traps its wick-to-body ratio must be 0.5 or less.
A choppy-market filter asks that the manipulation candle range be at least 0.5 times ATR(14). A higher-timeframe EMA (length 50 on 60-minute data by default) sets the bias: only bullish setups above it, only bearish below.
Stop and target distances scale with the SL and TP multipliers. Only sessions and levels you enable are used.
How to use it
- Use it to see where price ran a level and closed back inside.
- Some traders study the trap setups to see when a breakout failed.
- Use the session ranges and key opens as reference levels for the day.
- Turn levels on or off to see which ones the signals depend on.
These are ways some traders read it, for learning. They are not trade signals.
Settings
| Setting | Default |
|---|---|
| General Configuration | |
| Candle TypeOptions: Manipulation Candle (MC), Almost Manipulation Candle (AMC), Both | Both |
| Entry MethodOptions: Key Levels, Fair Value Gaps, Both | Both |
| Long Setups | On |
| Short Setups | On |
| Bulltrap Setups | On |
| Beartrap Setups | On |
| SL Multiplier | 1.0 |
| TP Multiplier | 1.0 |
| HTF Bias EMA | 60 |
| Length | 50 |
| Sessions Used | |
Show all 100 settings
| Setting | Default |
|---|---|
| Asia | On |
| London | On |
| NY AM | On |
| NYSE | On |
| London Close | On |
| NY PM | On |
| Key Levels Used | |
| Daily Open | On |
| Previous Day High/Low | On |
| Weekly Open | On |
| Previous Week High/Low | On |
| Monthly Open | On |
| Previous Month High/Low | On |
| Asia Session H/L | On |
| London Session H/L | On |
| NY AM Session H/L | On |
| NYSE Session H/L | On |
| NY PM Session H/L | On |
| London Close Session H/L | On |
| Midnight Open | On |
| Trap Confirmation | |
| Candles Between Confirmation | 5 |
| Trap Wick-to-Body Ratio | 0.5 |
| Choppy Market Filter | On |
| Min Range (x ATR) | 0.5 |
| Higher Timeframe FVG Settings | |
| Timeframe 1 | On |
| Timeframe 2 | On |
| Timeframe 3 | On |
| Combine Zones | On |
| Midline | On |
| Labels | On |
| FVG Display Limit | 3 |
| Sessions | |
| Asia | On |
| London | On |
| NY AM | On |
| NYSE | On |
| London Close | On |
| NY PM | On |
| TimezoneOptions: America/New_York, America/Chicago, America/Los_Angeles, Europe/London, Europe/Berlin, Asia/Tokyo, Asia/Hong_Kong, Australia/Sydney… | America/New_York |
| Session Boxes | On |
| Session Highs/Lows | On |
| Labels | On |
| Show Price | Off |
| Extend Levels | On |
| Session Titles | On |
| Show Last | 1 |
| Key Levels | |
| Daily Open | On |
| PDH/PDL | On |
| Weekly Open | Off |
| PWH/PWL | Off |
| Monthly Open | Off |
| PMH/PML | Off |
| Line StyleOptions: Solid, Dashed, Dotted | Solid |
| Midnight Open | Off |
| Show Labels | On |
| Style Customization | |
| Manipulation Candlestick | On |
| Almost Manipulation Candlestick | On |
| Long / Beartrap Label | #4caf50 |
| Short / Bulltrap Label | #f23645 |
| Label Text | color.white |
| SL Labels | On |
| TP Labels | On |
| Entry Line | Off |
| Label | On |
| Stop Loss Line | Off |
| Label | On |
| Label | On |
| Dashboard | |
| Show Dashboard | On |
| Lookback (Bars) | 5000 |
| Background Color | color.white |
| Frame Color | #363a45 |
| Border Color | #363a45 |
| Text Color | color.black |
| Alerts | |
| Long Setup | On |
| Short Setup | On |
| Bulltrap Setup | On |
| Beartrap Setup | On |
| Manipulation Candle | Off |
| Almost Manipulation Candle | Off |
| Previous Day High/Low Break | Off |
| Current Day Open Break | Off |
| Previous Week High/Low Break | Off |
| Current Week Open Break | Off |
| Previous Month High/Low Break | Off |
| Current Month Open Break | Off |
| Asia Session High/Low Break | Off |
| London Session High/Low Break | Off |
| NY AM Session High/Low Break | Off |
| NYSE Session High/Low Break | Off |
| London Close Session High/Low Break | Off |
| NY PM Session High/Low Break | Off |
| Midnight Open Break | Off |
Alerts
The script sends its own alert messages, and members can create an alert on them from the chart's alert dialog; alerts from indicators run while ZoroCharts is open in the browser.
Notes and limits
- Session times use the timezone setting.
- Stops and targets follow the script's own rules and multipliers.
- The nearest three HTF FVGs are shown by default; all selected timeframes are still used for signals.
Education only. Not financial advice. Indicators mark what happened on the chart; they do not predict what price will do. Trading futures, forex, crypto and other markets carries a high level of risk and may not be suitable for everyone.
