Manipulation Candle 15m

Manipulation Candle

The Manipulation Candle 15m indicator is designed to highlight potential market manipulation or exhaustion moves on the 15-minute chart by identifying large impulsive candles relative to the Daily ATR and fading them contrarian-style.

This tool is especially useful for index futures, SPX options, and high-liquidity instruments where sharp moves often precede mean reversion.

How It Works -
The script monitors completed 15-minute candles
It measures the candle body size (open → close)
That body is compared to a user-defined percentage of the Daily ATR (set to 20%)
When a candle exceeds the threshold, it is considered an impulse / manipulation candle

Signal Logic (Contrarian Bias) -
Bearish impulse candle → LONG signal
Indicates aggressive selling that may be exhausted

Bullish impulse candle → SHORT signal
Indicates aggressive buying that may be overextended

Signals are only generated once per completed 15-minute candle to avoid repainting.

Inputs -
Daily ATR Length
Controls how volatility is measured
Impulse Threshold (% of ATR)
Defines how large a candle must be (relative to Daily ATR) to trigger a signal

Best Use Cases
Mean-reversion and fade strategies

SPX / ES / NQ / YM indices

Important Notes

This is not a standalone system

Works best with context, confirmation, and risk management

Designed to identify potential turning points, not trend continuation

Created by: aaronrileycheer
Timeframe: 15-Minute
Style: Contrarian / Mean Reversion