Order Blocks

22 thg 5

📈 Order Blocks Only (With Mitigation Alerts)
This indicator identifies bullish and bearish order blocks on your chart and alerts you when they are formed or mitigated. Order blocks are key institutional price levels where strong buying or selling has previously occurred, often leading to significant future price reactions.

🔍 How It Works:
-Bullish Order Block: Formed when price closes above the high of a recent bearish candle. This suggests buyers have taken control.

-Bearish Order Block: Formed when price closes below the low of a recent bullish candle. This signals seller dominance.

-Once an order block is formed, a box is drawn on the chart to highlight the zone.

-These boxes last for a user-defined number of bars (default is 20) and can be automatically removed when price mitigates (retests and closes beyond) the zone.

🛠 User Settings:
-Show Bullish Order Blocks – Toggle green zones on/off.

-Show Bearish Order Blocks – Toggle red zones on/off.

-Order Block Duration – How many bars the boxes should remain on the chart.

-Delete Mitigated Boxes – If enabled, mitigated zones are automatically removed.

-Custom Colors – Personalize the fill and border colors of bullish and bearish blocks.

🔔 Alerts:
This tool supports four built-in alert types:

-Bullish Order Block Formed

-Bearish Order Block Formed

-Bullish Order Block Mitigated

-Bearish Order Block Mitigated

Set these alerts to stay on top of key price reactions.

✅ How to Use It:
1. Apply the indicator to any chart and timeframe.

2. Watch for new order blocks to form after strong price breaks.

3. Use these zones as potential entry points, stop placement areas, or take profit zones.

4. Enable alerts to catch key institutional levels as they form or are retested.

22 thg 5

Phát hành các Ghi chú

Updated chart example

22 thg 5

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Copyright label added to script

5 thg 6

Phát hành các Ghi chú

Alert vocab. updated

23 thg 7

Phát hành các Ghi chú

Zone invalidation updated (close must exceed order block, not just wick)

27 thg 7

Phát hành các Ghi chú

mitigation bug fix