[astropark] Fast Supply Demand Order Blocks Finder

2 בפבר׳ 2021

Dear Followers,

today another awesome Analysis Tool, that you can use both for Swing and Scalping Trading: Fast Supply Demand Order Blocks Finder!

Every time it finds a bullish Order Block (Demand) or a bearish OB (Supply), it shows it immediatelly and when the OB is touched by price, an alert is triggered and a circle is displayed.

Keep in mind that trading Supply and Demand is quite easy:

• short/sell at Supply (Bearish OB)
• long/buy at Demand (Bullish OB)
• short/sell if Demand (Bullish OB) gets broken
• long/buy if Supply (Bearish OB) gets broken

This indicator has the resolution option, so you can checkout higher timeframes OBs, whatever timeframe you are.
Also you can refine the OBs finder algo fine tuning some filter options or you can just disable them all.
The indicator keeps track of all previous historic Supplies and Demands, but if too much are shown and you don't like it, you can just cut them by defining a specifc Analysis Starting Date/Time using the specific input options in the indicator settings.
Optionally you can also change lines' color and width, as well as enable/disable the OB hits circles.

Here below you can see some charts that shows how the indicator works on many timeframes, resolutions and markets.

XAUUSD 1h, using 6h resolution - part 1


XAUUSD 1h, using 6h resolution - part 2


XAUUSD 1h, using 6h resolution - part 3


BTCUSD 1h, without using resolution


EURUSD 5m, using 30m resolution


SPX500 5m, using 30m resolution



As I always says, all tools are great if you use them correctly: this is not the "Holy Grail", so always use proper money and risk management strategies.


This is a premium indicator, so send me a private message in order to get access to this script.

3 בפבר׳ 2021

הערות שחרור

some enhancements

• support Heikin Ashi charts
• you can easily enable/disable the SL levels and change its lines' width
  
• you choose to extend lines of nearest OB
  

9 בפבר׳ 2021

הערות שחרור

add option to enable/disable OB's background color

17 באוג׳ 2021

הערות שחרור

enhanced inputs for color selection and timestamp from which to start analysis

21 בנוב׳ 2021

הערות שחרור

upgraded to pinescript v5

5 בדצמ׳ 2021

הערות שחרור

implemented a new filter mechanism to show only most successful Order Blocks (you can always disable it to see all possible OBs)

19 ביוני 2022

הערות שחרור

• clarified the meaning of "filter active" option
  
• introduced new option to tighten SL levels (disable by default)