INVITE-ONLY SCRIPT
[astropark] Breaker Blocks, Supply Demand Order Blocks
Updated
Dear Followers,
today a new powerful indicator! Welcome to the great world of Breaker Blocks (BB) and Supply-Demand Order Blocks!
So what's the point? As always, the point is how to trade as safer as possible!
Breaker Blocks are price ranges where you simply have to wait for a pullback and sell-buy on its touch and price bounce, like in the screenshot below:
Supply and Demand are very important concepts, synonymous of Support and Resistance in most cases.
You should never sell whenever near a demand/support zone, unless price breaks through it as too weak. The same for supply/resistance: you should not buy near resistance, as most times you may start a trade with very high losing risk.
Here a screenshot how indicator works showing supply and demand order blocks (just enable them from indicator's option):
This indicator
This is a premium indicator, so send me a private message in order to get access to this script.
today a new powerful indicator! Welcome to the great world of Breaker Blocks (BB) and Supply-Demand Order Blocks!
So what's the point? As always, the point is how to trade as safer as possible!
Breaker Blocks are price ranges where you simply have to wait for a pullback and sell-buy on its touch and price bounce, like in the screenshot below:
Supply and Demand are very important concepts, synonymous of Support and Resistance in most cases.
You should never sell whenever near a demand/support zone, unless price breaks through it as too weak. The same for supply/resistance: you should not buy near resistance, as most times you may start a trade with very high losing risk.
Here a screenshot how indicator works showing supply and demand order blocks (just enable them from indicator's option):
This indicator
- can analyze chart based on high-low candle prices or open-close one
- can show you Breaker Blocks (BB)
- can show you Supply & Demand Order Blocks (OB)
- lets you decide if you want to see high-low or open-close range of each OB
- lets you edit the analysis window
- lets you see local tops and bottoms of price as labels
This is a premium indicator, so send me a private message in order to get access to this script.
Release Notes
Now you can edit lines' width and color!Release Notes
Script upgraded again!Now it highlights more Breaker Blocks (BB) than before!
Release Notes
Tool enhanced!Now it's
- easier to spot supply/demand zone, as you can choose to highlight only important levels (high/low, close prices) for supply & demand Order Blocks (OB)
- easier to spot breaker blocks zone, for the same reason: draw only the most important levels
- easier to change lines' color
Release Notes
Major update: Breaker Blocks, Supply Demand Order Blocks V2 is live!User can now:
- see Supply/Demand OBs and BB of another timeframe directly in current chart
- enable option to Show Trading Suggestions (beta)
- disable drawing extension of an OB when it gets broken
- set Alerts on Supply/Demand Broken
- set Alerts on Price Testing Successfully (Bouncing) on Supply/Demand OBs
- set Alerts on Price Bouncing on Breaker Blocks, both bullish and bearish scenarios
Here below an example on EURUSD 1h chart with supply/demand based on 4h timeframe resolution
Here below an example on BTCUSDT 15m chart with breaker blocks based on 1h timeframe resolution
Release Notes
- fixed a bug on BB when using resolution
- improved input colors for lines
Release Notes
added following resolutions:- 1 minute
- 3 minutes
- 4 days
- 5 days
Release Notes
Added Alerts on - New Supply/Demand OB Zone Found
- New Bearish/Bullish BB Zone Found
Release Notes
upgrade to pinescript v5Release Notes
Released v3.1- Added more alerts related to Breaker Blocks (when price close inside a BB, when makes a bullish/beraish break or simply makes a bullish/bearish test)
- Added Trading Signals related to BB (beta)
Release Notes
added options to- plot zones from origin candle (option "Plot lines from the start of BB / OB")
- plot BB at open-close on the origin candle (close "Open & Close" at option "What to Show about Lines")
Release Notes
small updateRelease Notes
- fixed color selection (transparency inside the block gets kept now)
- added alerts on price inside a BB or an OB
Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact astropark for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.
Author's instructions
″This is not a free-to-use indicator, so send me a private message in order to get access to this script.
Want to use this script on a chart?
Warning: please read before requesting access.
I'm a software engineer, passionate for trading & developing trading tools & bots! Feel free to DM me & checkout my work: bit.ly/astroparktrading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.