MTF OB Supply Demand ZonesHello everyone,
This exceptional indicator provides you with visual representations of bullish and bearish order blocks or supply and demand zones across multiple timeframes. In simple terms, bullish order blocks are represented by a small red candle followed by a large red candle, while bearish order blocks are depicted as a small green candle followed by a large red candle. Supply and demand zones are drawn by using order blocks.
Features:
Display order blocks from up to three different timeframes.
Customize the maximum number of boxes shown and the colors of the zones.
Choose from three different modes: OB (Order Block), Extended OB, and Supply/Demand.
Mode Descriptions:
OB: Includes the body of the candle.
Extended OB: Encompasses the body and wick of the candle.
Supply/Demand: Covers the body, wick, and half the body of the large candle.
Usage:
Ensure that charts 2 and 3 are set to a higher timeframe. For modes 2 and 3, it’s recommended to reduce the maximum number of boxes shown. The zones or boxes are transparent, allowing for overlap. This feature aids in identifying reversal zones or confirmed zones. The more intense the color, the stronger the confirmation. If a green zone overlaps a red zone (or vice versa), it signifies a reversal zone.
Thank you for checking out this indicator!
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Additional Information:
Order blocks refer to specific price areas where large market participants, such as institutional traders, have previously placed significant buy or sell orders. These clusters of orders can impact price movement, liquidity, and market sentiment.
Order blocks are a strategic approach to identifying key levels of support and resistance based on the behavior of institutional traders. These key levels are then utilized as entry or exit points for trades.
An order block is an area where there has been a large concentration of limit orders awaiting execution. These blocks are identified on a chart by observing previous price action and pinpointing areas where the price experienced significant movement or abrupt changes in direction.
Order blocks are used in the following popular trading philosophies:
Smart Money Concepts (SMC)
Inner Circle Trading (ICT)
Price Action
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Credits to: @AGFXTRADING
OB
Displacement Order Blocks ~ DOB [Liquidity_Pro]Displacement Order Blocks (DOB)
This indicator shows order blocks with displacement (FVG required) and leans heavily on ICT’s generous and insightful teachings to define midlines for FVG, IFVG, and order blocks. The market structure definitions follow TradingHub’s (TH) rules filtering out inside bars.
It offers alerts for price in order block, liquidity sweep, break of structure (BOS), change of character (CHoCH), and inducement (IDM).
The TH model was chosen because it's programmatic allowing clear structure definitions that allow us to mark inducements (S/O to @albatherium for publishing the first TH market structure indicator).
TH’s Single Candle Order Block (SCOB) rules have also been helpful in refining order block definition, for example in the Transfer case. ICT fans will see when back testing this, that it moves the focus closer to the FVG.
In developing this indicator, we've tried to offer great aesthetic flexibility, to keep the chart uncluttered and to avoid exceeding Trading View’s limitations on boxes and lines. It's also configured to work reasonably well on both light and dark background charts:
We hope this indicator can serve as a teaching tool for ICT’s price action insights and SMC market structure concepts. For this, we've included optional labels for various order block types:
I = inside bar. The bars that follow the order block have been ignored – you will see the number of ignored bars shown after a hyphen. The idea is that inside bars fall in the shadow of a more important candle and can’t be relied on for defining a trade.
S = standard case. The order block candle takes liquidity from the previous candle and is followed immediately after by an FVG on the next candle. This differs technically from the ICT “last down-close/last up-close” order block concept. In practice, this choice has very little impact on ICT trading, because the ICT trader is entering on the FVG anyway.
T = transfer case. This is an order block that has been transferred from the candle that takes liquidity to the candle just prior to the FVG. When you back test this, you will see it is a high probability choice.
TZ = tweezer. This is an option you can turn off that fills a hole in TH teachings. It bypasses the requirement for an order block to take liquidity from the previous candle in the case of equal h/ls. The result is that you will find 2 candle order blocks with equal highs and lows (also known as tweezer tops/bottoms) show on your chart. You will note that every tweezer is a wick on a higher timeframe.
W = wick. this is a big wick candle that we call an order block without requiring an FVG. The presumption is that the displacement is contained within the wick itself on a lower timeframe.
* Asterisk denotes an extreme order block.
Finally, we trade with this indicator (using it together with our Daye Quarterly Theory ~ DQT free indicator, taking trades when price reaches an extreme FVG or order block during a Q2 manipulation).
We will continue developing it along with other indicators we have not yet published. So please boost if you like this and follow us for updates. Also please let us know what new features you would like to see.
Premium Dashboard [TFO]The purpose of this indicator is to serve as a scanner/dashboard for several symbols across multiple timeframes. At the time of release, the scanner looks for the following criteria on all selected timeframes:
- Whether price is in a Fair Value Gap (FVG)
- Whether price is in an Order Block (OB)
- Current Market Structure
- Nearest Liquidity Pivots
- Proximity to said Liquidity Pivots
For FVGs, the user selects a Displacement Strength to validate FVGs from the selected timeframes; larger values require greater displacement. The table will indicate whether price is presently trading in a valid bullish FVG, bearish FVG, or none.
With OBs, the user selects a similar Displacement Strength to validate OBs from the selected timeframes. Again, larger values require greater displacement to validate an OB. The table will indicate whether price is presently trading in a bullish OB, bearish OB, or none.
For Market Structure, the table will indicate whether the current structure is bullish or bearish on each respective timeframe. A pivot strength parameter is used to determine which swing highs and swing lows warrant valid Market Structure Shifts (reversals) or Breaks of Structure (continuations).
The Liquidity section of the dashboard displays the nearest Buyside and Sellside Liquidity (major highs and lows) from each respective timeframe. A similar pivot strength parameter is used to determine how "strong" the highs and lows must be in order to be considered valid.
The Premium / Discount section offers an alternative view of the nearest Liquidity Pivots, where it will instead display a percent value to describe how close price is to Buyside or Sellside Liquidity. Values approaching 100% imply price is trading close to the nearest Buyside Liquidity, while values approaching 0% imply price is trading close to Sellside Liquidity.
Users can also choose to show any of the above features on their current chart: FVGs, OBs, cumulative Market Structure, and Liquidity, all from the various selected timeframes.
ICT Daily BiasThis indicator is based on ICT's teaching - Daily Bias. Indicator tries to predict which direction (bias) the price will move in the near future and it can tell you in which direction should you take trades on the lower timeframe (buy or sell). It works on every timeframe but best to use on 1D timeframe. It can also show historical Daily Biases. Daily Bias can be BUY, SELL or NEUTRAL. If there is NEUTRAL Daily Bias then you should not take any trade because following price direction is not clear until the Daily Bias changes to BUY or SELL.
Current Daily Bias is shown in the right bottom corner.
Daily Bias can be calculated by 2 types: Previous H/L or Previous Swing H/L.
Previous H/L:
This calculation is based on previous H/L. If actual candle reaches previous high (red line by default) or low (green line by default) with wick then price should reverse into opposite direction. If actual candle closes with body above previous high (green line by default) or below previous low (red line by default) then price should continue in current direction. There are also colorful arrows showing the following daily bias based on previous candle.
Previous Swing H/L:
This calculation is based on previous untested swing H/L. If actual candle reaches previous untested swing high (red line by default) or low (green line by default) with wick then price should reverse into opposite direction. If actual candle closes with body above previous untested swing high (green line by default) or below previous untested swing low (red line by default) then price should continue in current direction. Lookleft and lookright period (default: 3) for swing H/L can be set in indicator settings. This period tells you how many candles left and right from the swing H/L need to be higher (swing low) or lower (swing high). Previous tested swing H/L are labeled by colorful (yellow by default) diamonds. There are also colorful arrows showing the following daily bias based on previous tested swing H/L.
All settings of this indicator should be self-explanatory and some of them have tooltips for better understanding.
Candlestick OB FinderIntroduction
Hello, this here is a non-repainting candlestick indicator which is able to detect OB looking candlestick formations.
Usage
It can be used to confirm entries, but be aware that it produces a lot of false signals.
Somehow the swings tend to reverse at these points.
I recommend the 10–15 minutes timeframe.
I hope you enjoy this small indicator. :)
[FrizLabz]FVG Bar
For those of you that like to keep your charts nice and tidy for your Technical Analysis!
FVG = Fair Value Gap
Fair Value Gaps are when impulse movements create an imbalance in price leaving unfilled orders.. they are popular because after one is created we often observe price return to fill these unfilled orders
3 candles make a FVG
When the high/low of most recent candle is lower/high than the low/high of the bar before last
Similar to my other FVG indicator but this one allows you to delete Filled FVGs and have them adjust when filled
Uses a line whose x1 and x2 are on the FVG bar and adjust the size of the FVG with line width because line width on line.new()s doesnt have a cap on line width like plot()s do
Not much too it I made this because a few people were asking if they could delete the FVG after it was Mitigated and since my other uses plots it wasnt possible
so I hope this works for those who were asking about it
hope you enjoy please let me know if you have an idea or find a bug,
Thank You! -
Market Structure Break & Order Block by EmreKbThis indicator shows the market structure break (msb) and order blocks (ob). Msb occurs after the breakout old high when the price make lower lows or occurs after the breakout old low when the price make higher highs. OB occurs after the msb, ob is the last bullish candle before high if msb is bearish but if the msb is bullish then ob is the last bearish candle before low.
Zigzag Lenght - A number for the zigzag calculation
Show Zigzag - Show/Hide Zigzag lines
Fib Factor - Fib level for the breakout confirmation. For example if new high larger than old high to low fib 1+fib_factor when the down trend then it's a breakout.
Order Blocks Finder By DrewAn Order Block is a technical analysis technique that tracks the accumulation of orders (when bullish) and distribution of orders (when bearish) of banks and institutional traders. In other words, it is an area or an indication of where big institutions would pile up their orders to enter the market – their order blocks.
If you know how order blocks works and know how to trade via order blocks, then this indicator will help you in finding order blocks by itself which you don't need to worry about finding any.
For settings, I personally use Box Length as 10 and Box Transparency 80. Hope this helps! Feel free to drop a comment for any questions :)
Would appreciate you all if you can LIKE and FAVOURITE this indicator.
Ehlers Adaptive Commodity Channel Index V1 [CC]The Adaptive Commodity Channel Index V1 was created by John Ehlers (Rocket Science For Traders pgs 236-237) and this is the typical Commodity Channel formula with the introduction of adaptive lengths based on his earlier work with indicators such as the Mother of Adaptive Moving Averages. For longer term signals you would get a bullish signal when CCI is above 0 and a bearish signal when CCI falls below 0. For shorter term signals you would get a bullish signal when crosses over it's overbought level or when it crosses above it's oversold level or vice versa. I have included both signals to make it easier.
Let me know if you want a custom script written or if you have a special request for me
