This script in Pine Script identifies and highlights Order Blocks, key tools in institutional trading. Designed for traders of all levels, it provides clear and customizable visualization, helping you anticipate market movements with greater accuracy.
Key Features:
Order Block Visualization: Highlights relevant bullish and bearish zones directly on the chart.
Customizable Settings: Adjust sensitivity, colors, and other parameters to suit your analysis needs.
Dual Block Detection: Uses two independent settings to cover different market perspectives.
Visual Alerts: Automatic line drawing for key levels.
Automatic Clearing: Dynamic clearing of already invalidated blocks.
User Benefits:
Clear Visual Analysis: Identifies key supply and demand points used by institutions.
Improved Trading Decisions: Anticipate entry and exit zones more accurately.
Time Saver: Automates level plotting, allowing you to focus on strategy and execution.
Strategy Adaptability: Compatible with Smart Money, Wyckoff, and Price Action approaches.
Disclaimer: This script is an educational and analytical tool. It does not guarantee specific results or eliminate trading risk. Trading in the financial markets involves significant risks; use this script at your own risk.
הערות שחרור
We've improved your tool for identifying order blocks! Here's what's new:
Controlled Block Extension Order blocks now have a limited extension, keeping your charts cleaner and more focused.
Customizable Volume Display
Toggle volume visibility with a show/hide option.
Adjust volume size and position to fit your trading style.
**These changes enhance clarity, flexibility, and usability, making your trading analysis even more effective.
הערות שחרור
We’ve made a small adjustment to the volume calculation and fixed a bug in the displayed volume.
הערות שחרור
Minor Update: We've added an option to customize the text color when displaying volume, making it easier to adapt to your chart's theme.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. אתה יכול להכניס אותו למועדפים כדי להשתמש בו בגרף.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.