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3 Candle Manipulation

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3 CANDLE MANIPULATION

This indicator looks for:

GREEN → RED → GREEN
or
RED → GREEN → RED

The middle candle represents a temporary change in control.

The 3rd candle shows the original side taking control back.

GREEN → RED → GREEN
= Possible failed seller takeover
= Green arrow below Candle 3

RED → GREEN → RED
= Possible failed buyer takeover
= Red arrow above Candle 3

OPTIONAL VOLUME FILTER:

When ON:
Candle 3 must have higher volume than Candle 2.

When OFF:
Volume is ignored.

Simple idea:

Candle 2 = ATTEMPT
Candle 3 = REJECTION

The pattern can help identify possible traps, rejection, failed reversals, and quick shifts in market control.
ملاحظات الأخبار
NEW FEATURE: Added an optional volume percentage filter between Candle 1 and Candle 3. You can now require Candle 3 to have a chosen percentage more volume than Candle 1 before a signal appears.
ملاحظات الأخبار
New Volume Filter:
The indicator now requires at least 1 of the 3 candles in the pattern to reach a minimum volume level. The default is 999 volume, and this value can be changed in the settings. If none of the 3 candles reaches the minimum volume, the signal will not plot.

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