Order Blocks & Breaker Blocks [LuxAlgo]The Order Blocks & Breaker Blocks indicator detects order blocks that can be turned into breaker blocks on the chart automatically once mitigated.
Users can determine the amount of bullish and bearish order/breaker blocks that display on their chart from within the settings menu.
🔶 SETTINGS
Swing Lookback: Lookback period used for the detection of the swing points used to create order blocks.
Show Last Bullish OB: Number of the most recent bullish order/breaker blocks to display on the chart.
Show Last Bearish OB: Number of the most recent bearish order/breaker blocks to display on the chart.
Use Candle Body: Allows users to use candle bodies as order block areas instead of the full candle range.
🔹 Style
Show Historical Polarity Changes: Allows users to see labels indicating where a swing high/low previously occurred within a breaker block.
🔶 USAGE
We have published several scripts covering the detection of order blocks previously, however, the concept of breaker blocks was not yet introduced.
When price mitigates an order block, a breaker block is confirmed. We can eventually expect price to trade back to this breaker block offering a new trade opportunity.
We can see that this is similar to a change in polarity, where a support becomes a resistance after a breakout and vice versa.
This script highlights regular order blocks as solid extended areas on the chart and breaker blocks as dashed lines with dual-colored areas. The color change and dashed line starts at the location where the order block was mitigated.
Using a higher "Swing Lookback" setting will return longer term order/breaker blocks on the chart.
Users can optionally enable "Historical Polarity Changes" labels within the settings menu to see where breaker blocks might have provided an effective trade setup previously.
The "Historical Polarity Changes" setting is disabled by default & is most effective using replay mode as the labels are backpainted.
The order blocks & breaker blocks themselves can be used in real-time as they are detected based on the swing length & previous breaker blocks being mitigated.
Orderblocks
Simple ICT Order Blocks and Fair Value Gaps by Gowtham KannakajeThis scripts identifies ICT Order Block and ICT Fair Value Gaps
Fair Value Gap:
- Fair Value Gap toggle is off by default
- Users can choose to color the bars having Fair Value Gaps or can select to define the Fair Value Gap using boxes.
- Bar color and box colors can be customized
Order Blocks:
- Order Block box and candle color toggle is on by default
- Users can choose to color the Order Block candles or can select to define the Order Blocks using boxes.
- Bar color and box colors can be customized for bullish and bearish Order Block separately
Note:
- Order Blocks are considered valid only if the candle forming the Fair Value Gap closes away from the Order Block.
- Since Trading View limits the number of boxes to 500, it is advised to use the Color Candle option to identify the Order Blocks or Fair Value Gaps which are very old.
New concept Definitions:
Naked OB : An order block whose immediate next candle forms a Fair Value Gap. Here, the Order Block high or low contributes to the formation of Fair Value Gap.
Covered OB : An order block whose immediate next candle doesn't form a Fair Value Gap. Here, the Order Block high or low doesn't contribute to the formation of Fair Value Gap. Instead it will have other candles in between the Order Block and Fair Value Gap.
Disclaimer: The usage of this indicator might or might not contribute to your profits and losses and the author is not responsible for the same.
Happy Trading.
Bagang Pivot Zones | Supply & Demand, Support & ResistanceBagang Pivot Zones detects imbalances from classic reversal and momentum price actions.
Imbalances create pivot zones, a.k.a Supply & Demand / Support & Resistance / Orderblock zones.
Use Cases
1. Traders using Supply & Demand theory can quickly pinpoint imbalance zones created by BUY-to-SELL and SELL-to-BUY candles.
2. Trend Following traders can systematically catch and follow a trend based on pivot zones analysis.
3. Breakout traders can easily target pivot zones’ breakout and breakdown.
4. Take the guesswork out of risk management: manage stop-loss precisely behind pivot zones.
5. Analyze contrary pivot zones to set realistic profit targets.
Objectivity
By only comparing OHLC values to identify notable price actions, Bagang Pivot Zones avoids derived calculations with subjective parameters.
Chart Issue
If the chart zooms out after adding an indicator, right-click the price scale and toggle "Scale price chart only” on.
Order Block Detector [LuxAlgo]This script makes use of high-volume activity as an indicator of the presence of market participants accumulating orders in specific areas on a lower timeframe by detecting volume peaks to form order blocks.
Mitigated order blocks are automatically hidden from the chart, also allowing users to be able to select two different mitigation methods "wick" and "close".
Additionally, users can be alerted for the creation and mitigation of bullish/bearish order blocks.
Settings
Volume Pivot Length: Lookback of the pivot function used to detect volume peaks, lower values will detect order blocks more frequently.
Bullish OB: Determines the number of most recent unmitigated bullish order blocks to display on the chart.
Bearish OB: Determines the number of most recent unmitigated bullish order blocks to display on the chart.
Bearish OB: Determines the number of most recent unmitigated bullish order blocks to display on the chart.
Average Line Style: Line style of the average order block level.
Average Line Width: Line width of the average order block level.
Mitigation Methods: Method used to determine how an order block is mitigated. "Wick" will mitigate order blocks if the candle wick goes outside of the order block and "Close" will mitigate order blocks if the closing price goes outside of the order block.
Usage
It is common for more significant market participants to execute orders incrementally in order to avoid overwhelming the market and cause significant price movements. This practice allows the orders to be executed more efficiently and effectively, reducing the impact on the market and minimizing the potential for price volatility.
Order blocks are price areas where these orders are executed incrementally and are commonly used as areas of support/resistance for traders.
Bearish order blocks occur during a downtrend, while bullish order blocks occur in an uptrend. Bullish order blocks range from the price low to the median price, while bearish order blocks range from the median price to the price high. The median price is used as an equilibrium point.
Users can highlight the bars where an order block was detected from the style settings by toggling on the 'Bull OB' or 'Bear OB' selections.
Note that in order to confirm a peak Volume Pivot Length bars are needed, as such note that order blocks are shown retrospectively.
Bodies X Wix Version of Smart Money Tools by makuchaku & eFeThis is the same Script as Super Fair Value Gaps / FVG /BoS / by makuchaku & eFe. Mine Should Default to Large Text instead of small. The Super Order Blocks I believe was meant to for you to find one of the many Smart Money tools such as turn on the Fair Value gap but leave the others off, or Turn on where the Break of Structure and leave the others off. The reason I believe this is because the default values for each of the structures were default colored (green for positive and red for negative) for all.
Mine has a different Color for every possible structure. As long as you can read with the larger text that I added, then you can create your own boxes positive for break of structure, rejection block, order blocks and fair value gaps for any time frame. The reason I did that is because There's only certain things I believe I will need to mark for myself in each time frame, and then from there You can stretch iyour own box out further in time because if price touches a fair value gap for example, the fair value gap should conyinue in time until at least 2 candles have filed the Fair valu gap going both directions. That's truly when the fair value gap should is mitigated and will from off the chart. However, If I knew How to add the code for that, I would.
Additionally, I have the Max Boxes per chart, so you should have the ability to see every OB, FVG,RJB, & BoS on the chart
I tried my hardest to create a colored border that was different from the box. But the way the original was coded was almost impossible to do. Because they defined each of the structures (FVG, OB, BoS, RJB) outer levels, when the outer levels connect via math in the code, then it joins all the outside lines for a rectangle. When creating a box, the coloe will always be the same as the border unfortunately. (Unless I replan this from the beginning)
I also Changed the default labels for reach structure from a hard to read gray to a white that pops out.
Also, chart indicators are a little large as well. Such as the cross, sideways cross, The green Triangle, and the white Diamond. You'll get used to it or you can change it as well.
Creating videos for students, you need something they can see.
So, I just wanted to ensure everything was a little more unique and easily usable when showing this to my students when I send them private videos for our weekly lessons. I'm trying to learn how to use the IPFS for THAT, (which i see has invaded PineScript) Hope this indicator helps.
If you're to borrow this, Just make sure you keep the authors in the name makuchaku & efe
Smart Money Concepts (SMC) [LuxAlgo]This all-in-one indicator displays real-time market structure (internal & swing BOS / CHoCH), order blocks, premium & discount zones, equal highs & lows, and much more...allowing traders to automatically mark up their charts with widely used price action methodologies. Following the release of our Fair Value Gap script, we received numerous requests from our community to release more features in the same category.
"Smart Money Concepts" (SMC) is a fairly new yet widely used term amongst price action traders looking to more accurately navigate liquidity & find more optimal points of interest in the market. Trying to determine where institutional market participants have orders placed (buy or sell side liquidity) can be a very reasonable approach to finding more practical entries & exits based on price action.
The indicator includes alerts for the presence of swing structures and many other relevant conditions.
Features
This indicator includes many features relevant to SMC, these are highlighted below:
Full internal & swing market structure labeling in real-time
Break of Structure (BOS)
Change of Character (CHoCH)
Order Blocks (bullish & bearish)
Equal Highs & Lows
Fair Value Gap Detection
Previous Highs & Lows
Premium & Discount Zones as a range
Options to style the indicator to more easily display these concepts
Settings
Mode: Allows the user to select Historical (default) or Present, which displays only recent data on the chart.
Style: Allows the user to select different styling for the entire indicator between Colored (default) and Monochrome.
Color Candles: Plots candles based on the internal & swing structures from within the indicator on the chart.
Internal Structure: Displays the internal structure labels & dashed lines to represent them. (BOS & CHoCH).
Confluence Filter: Filter non-significant internal structure breakouts.
Swing Structure: Displays the swing structure labels & solid lines on the chart (larger BOS & CHoCH labels).
Swing Points: Displays swing points labels on chart such as HH, HL, LH, LL.
Internal Order Blocks: Enables Internal Order Blocks & allows the user to select how many most recent Internal Order Blocks appear on the chart.
Swing Order Blocks: Enables Swing Order Blocks & allows the user to select how many most recent Swing Order Blocks appear on the chart.
Equal Highs & Lows: Displays EQH/EQL labels on chart for detecting equal highs & lows.
Bars Confirmation: Allows the user to select how many bars are needed to confirm an EQH/EQL symbol on chart.
Fair Value Gaps: Displays boxes to highlight imbalance areas on the chart.
Auto Threshold: Filter out non-significant fair value gaps.
Timeframe: Allows the user to select the timeframe for the Fair Value Gap detection.
Extend FVG: Allows the user to choose how many bars to extend the Fair Value Gap boxes on the chart.
Highs & Lows MTF: Allows the user to display previous highs & lows from daily, weekly, & monthly timeframes as significant levels.
Premium/Discount Zones: Allows the user to display Premium, Discount, and Equilibrium zones on the chart
Usage
Users can see automatic CHoCH and BOS labels to highlight breakouts of market structure, which allows to determine the market trend. In the chart below we can see the internal structure which displays more frequent labels within larger structures. We can also see equal highs & lows (EQH/EQL) labels plotted alongside the internal structure to frequently give indications of potential reversals.
In the chart below we can see the swing market structure labels. These are also labeled as BOS and CHoCH but with a solid line & larger text to show larger market structure breakouts & trend reversals. Users can be mindful of these larger structure labels while trading internal structures as displayed in the previous chart.
Order blocks highlight areas where institutional market participants open positions, one can use order blocks to determine confirmation entries or potential targets as we can expect there is a large amount of liquidity at these order blocks. In the chart below we can see 2 potential trade setups with confirmation entries. The path outlined in red would be a potential short entry targeting the blue order block below, and the path outlined in green would be a potential long entry, targeting the red order blocks above.
As we can see in the chart below, the bullish confirmation entry played out in this scenario with the green path outlined in hindsight. As price breaks though the order blocks above, the indicator will consider them mitigated causing them to disappear, and as per the logic of these order blocks they will always display 5 (by default) on the chart so we can now see more actionable levels.
The Smart Money Concepts indicator has many other features and here we can see how they can also help a user find potential levels for price action trading. In the screenshot below we can see a trade setup using the Previous Monthly High, Strong High, and a Swing Order Block as a stop loss. Accompanied by the Premium from the Discount/Premium zones feature being used as a potential entry. A potential take profit level for this trade setup that a user could easily identify would be the 50% mark labeled with the Fair Value Gap & the Equilibrium all displayed automatically by the indicator.
Conclusion
This indicator highlights all relevant components of Smart Money Concepts which can be a very useful interpretation of market structure, liquidity, & more simply put, price action. The term was coined & popularized primarily within the forex community & by ICT while making its way to become a part of many traders' analysis. These concepts, with or without this indicator do not guarantee a trader to be trading within the presence of institutional or "bank-level" liquidity, there is no supporting data regarding the validity of these teachings.
Automatic Order Block + Imbalance by D. BrigagliaThis script combines automatic orderblock and imbalance tracking.
Bullish OB - Blue
Bullish Imbalance - Green
Bearish OB - Red
Bearish Imbalance - Orange
Please note that the actual definitions of orderblock and imbalance are not respected in this script for the sake of simplicity. Scripts that are too complex may overfit some particular chart. Since there is no way to translate the actual ob and imb definitions into pinescript language, I decided to keep it simple.
Ideally, you want to see a bullish OB followed by buy side imbalance, or viceversa. OBs that are broken weakly are generally invalidated, ones that are broken strongly generally become breakers, and you can use them as good support/resistance levels.
Also, a good thing you can do when an OB and an imbalance match, is going in the lower timeframes and catching the structure reversal in the OB or imbalance zone. That may provide excellent RR trades. Always trade with OB that confirm the HTF trend.
Nothing in my content on tradingview is considerable investment advice.
Orderblocks (Nephew_Sam_) - Open sourceHighlights orderblocks based on fractal market structure.
Whenever a new fractal high/low is created, it will search for the Orderblock and plot lines and labels
Options:
1. Select 3/5 bar fractal
2. Plot lines and labels on OB's
- Ability to filter OB only when a candle is fully engulfed
3. Change bar color of engulfed candles
4. Option to filter OB that follows with an FVG
View the published chart for more details on how this indicator works
Disclaimer: You have the permissions to use this code however make sure you give me the credits when you do and make it open source or grant me access to the code.
Extreme Bars"Extreme Bars" is a simple but useful indicator that marks overbought and oversold candles. This indicator paints candles that fall far above the average red, and the candles that rise above the average green. Of course, they can change these colors if they want. "Extreme Bars" can be interpreted in many different ways. The starting points of colored candles can often be good support or resistance. In addition, it would be wise to close the positions opposite the colored candles and to maintain the positions compatible with the colored candles. It is also possible that the gaps formed by the colored candles will be closed in the future. The sensitivity of the indicator can be changed in the settings section.
Supply and Demand - Order Block - Energy CandlesSupply and Demand - Order Block - Energy Candles
Description
An experimental script, designed as a visual aid, to highlight the last up or down candle before a fractal break. We can assume these candles where the point of origin that generated enough strength to break recent structure. By using them as reference points, traders are expected to follow their own set of rules and mark higher probability supply and demand zones in the area.
How to use:
Expect a potential retest in these areas, and if they fail, a potential retest in the opposite direction. The greater the number of times a zone is tested, the more likely it is to break. A fresh zone that has not yet been tested will have a higher probability of a bounce.
Fractal period and candle break type can be personalised in settings. Can be used on all timeframes (higher the better).
Indicator in use:
Extras:
An option to flip candle colours if current price is above or below them has been added.
Super OrderBlock / FVG / BoS Tools by makuchaku & eFeThis super indicator is a Swiss army knife for Smart Money traders for OrderBlocks / FVG / BoS
It provides many options for drawing (non-repainting) boxes for OrderBlocks, Fair Value Gaps (FVG) and Break of Structures. The boxes are extended into the future, until the first retest/mitigation.
Some of the additional options (not explained in the diagrams above)
PPDD OB : An order block which is formed after interacting with Liquidity (old low/high, fractal low/high, etc). Since these OB's are in the most premium or most discount, they are Premium Premium Discount Discount OB's (PPDD OB)
HVB Bars : When the volume of any bar is higher than the average volume of last N bars, it could mean something important (in the right context). Hence, the indicator allows for coloring them differently.
This indicator was built as a collaboration between @makuchaku & eFe
Pro tip : This indicator is a simply a tool to visualize trading concepts on the candle stick chart. It is the job of the trader to sequence these effectively into a profitable trade.
If you come across any bug or have a question on how to effectively use the indicator, please don't hesitate to ask questions.
Good luck & good trading!
Makuchaku's Trade Tools - Order BlocksOrder blocks are a 2 candlestick pattern
Bullish order block : down candle getting engulfed by an up candle
Bearish order block : up candle getting engulfed by a down candle
Volume Spike Retracement█ OVERVIEW
-Following many people's request to add "Volume" mode again in my "Institutional OrderBlock Pressure" script. I decided to release an improved
and full-fledged script. This will be the last OB/Retracement script I will release as we have explored every possible way to find them.
█ HOW TO INTERPRET?
-The script uses the the 0.5 Pivot and the maximum value set for Volume Length to find 'Peak Volume'. Once these conditions are met,
the script starts creating a Retracement Line.
-By default, the Volume Length value is set to 89, which works well with most Timeframes following the OrderBlocks/Retracements
logic used in my scripts.
-You have the option to set Alerts when the "Volume Spike Limit" is reached or when a Price Crossing with a Line occurs.
█ NOTES
- Yes Alerts appear instantly. Moreover, they are not 'confirmed', you must ALWAYS wait for confirmation before making a choice.
Good Trade everyone and remember, risk management remains the most important!
Next-Gen Engulfing Retracement█ OVERVIEW
If you follow my work closely, you know my obsession with OrderBlocks and Retracements. We will reuse the same logic,
but using candle engulfments and candle engulfment reversals. It is the latter that we will interpret as OrderBlocks, and candle engulfments as
buy or sell signals.Instead of using the price and the average of the candles, here we prefer to use 4 exponential moving averages over 4 different
periods with a true range for detecting volatility and determining if a candle should be considered engulfed or not.
(note : if you know the principle of candle engulfment you should know that a bullish engulfment does not necessarily mean a buy signal).
█ HOW TO INTERPRET?
1 • We use last detected 'Bearish/Bullish Reversal Engulfing Candle' as an Retracement Level.
(Keep in mind Historical Retracements with extended lines is still useful and can still have an impact on the actual trend).
2 • We use 'Bearish/Bullish Candle' as confirmation of entry point.
3 • You can play with the 'Maximum Volatility' value or the 'True Range' Multiplier value to filter detected engulfing as you want.
4 • HTF and Auto HTF option available.
5 • Everything is customizable in settings (show inputs, colors, lines size etc...)
6 • Alerts is available for Engulfing Candle and Crossing Lines.
█ NOTES
- This script is not beginner's Level and is intended for Traders with advanced knowledge of Candlestick Patterns and the work of Michael j. Huddleston on the OrderBlocks.
Good Trade everyone and remember, risk management remains the most important!
Order Blocks with signalsIn order to trade the order blocks effectively, you have to look for an area on the price chart where the price had a large move. This script automatically draws the order blocks for you, so you don't have to.
Blue OB (supply): search for short opportunities
Green OB (demand): search for long opportunities
Please be aware: Do not buy and sell from every order block.
You can set two types of alerts:
- Buy
- Sell
Some short information about order blocks:
Order blocks are huge institutional buy or sell orders placed over a particular period. During these, the institutional players are looking to build up their positions in the markets.
Higher order Orderblocks + Breakerblocks + Range + AlertsThis script identifies Orderblocks, Breakerblocks and Range using higher order pivots and priceaction logic.
I tried to reduce the number of blocks to make the chart cleaner, for this purpose I use only second order pivots for both MSB lines and supply/demand boxes, I also tried to filter out shifts in MS and false breakouts.
Any box has GRAY color until it gets tested.
After successful test box gets colors:
RED for Supply
GREEN for Demand
BLUE for any Breakerblocks
For cleaner chart and script speed all broken boxes deletes from chart.
It gives comparatively clean chart on any TF, even on extra small (5m, 3m, 1m).
For Range there is option to plot 0.25, 0.5, 0.75 lines.
I usually use log scale on charts and there is an option to use it for proper range mean.
In previous my scripts i have requests to make alerts and this time i made it.
It has customizable alert catching all needed alerts into one output:
- Alert MSB - when market structure changes alert will inform you about its direction, MSB line and new Demand/Supply.
- Alert Orderblock or Breakerblock test - alerts when block was tested and it holds (in other words when it get RED/GREEN/BLUE colors)
- Alert New Range - when new range detected
- Alert Range test - alerts when range top or botoom was tested and it holds.
some examples :
AG FX - Pivot PointsPivot Points High Low
Definition
The Pivot Points High Low indicator is used to determine and anticipate potential changes in market price and reversals. The Highs referred to in the title are created based on the number of bars that exhibit lower highs on either side of a Pivot Point High, whereas the Lows are created based on the number of bars that exhibit higher lows on either side of a Pivot Point Low.
Calculations
As mentioned above, Pivot Point Highs are calculated by the number of bars with lower highs on either side of a Pivot Point High calculation. Similarly, Pivot Point Lows are calculated by the number of bars with higher lows on either side of a Pivot Point Low calculation.
Takeaways and what to look for
A Pivot Point is more significant or noteworthy if the trend is extended or longer than average. This can mean if a trader selects a higher period for before and after the Pivot Point, the trend could be longer and therefore prove the Pivot Point itself more notable.
Additionally, Pivot Points can help a trader assess where would be best to draw. By analyzing price changes and reversals, a trader has more of an ability to determine and predict price patterns and general price trends.
Summary
The Pivot Points High Low indicator can predict and determine price changes and potential reversals in the market. Pivot Points can also help traders identify price patterns and trends, depending on the period and significance of the Pivot Point value.
Order BlocksThis script analyses candle stick patterns and draws order blocks in real time, it is designed to be very easy to use and works on all markets.
With a simple sensitivity configuration to control the range of candles in scope for analysis, the order blocks are automatically drawn and removed in real time if price action closes through an order block.
MTF Order Block FinderAn Order Block is a special type of pivot point that satisfies the following requirement:
A Bull/Bear candle followed by X consecutive candles in the opposite direction.
Order Blocks are interesting areas that are frequently revisited and can be treated as Support/Resistance levels.
Often, you can see explosive price rejection of these areas via long wicks, high volume, and rapid price change.
Features
Choose from two themes:
- LIGHT: a classic Red and Green representing Bearish and Bullish OBs, respectively
- DARK: a clean Blue and White scheme
Choose from two drawing styles:
- LINE: three lines representing the High, Low, and Mid price levels of the OB candle
- BOX: a bounded area similar to the "rectangle" tool
Chose a custom timeframe:
- From 1 Minute (useful for Seconds interval) up to 1 Month
Note, this setting is experimental and choosing a timeframe that is extraordinarily large may not function properly.
Filter order blocks with two settings:
- Number of consecutive bars
- Minimum % change of the potential OB bar (default 0.25%)
Keep your charts clean and show only relevant OBs
- Maximum number of Bullish zones to show
- Maximum number of Bearish zones to show
FAQ
Q: How do I trade with this indicator?
A:Personally, I use a fast entry indicator to confirm Long/Short position when price is rejected. I set my SL and TP based on the current Zone and the next one, if available.
Q: Does this repaint?
A:Yes and this is okay! The "Bear" and "Bull" signals are not meant for taking positions, only showing which candle reveals the Order Block. The Zone is much more useful to us and can result in several successful trades in the near future when treated as a support/resistance area.
Q What's the winrate?
A:Hard to say - this isn't a standalone strategy and I haven't been able to properly backtest it quite yet.
Order Block Finder (Experimental)The purpose of this experimental Indicator is to help identifying Institutional Order Blocks.
Often these Order Blocks can be observed at the beginning of a strong move, but there is a significant probability that these price levels will be revisited at a later point in time again. Therefore these are interesting levels to place limit orders (Buy Orders for Bullish OB / Sell Orders for Bearish OB).
A Bullish Order block is defined as the last down candle before a sequence of up candles. (Relevant price range "Open" to "Low" is marked)
A Bearish Order Block is defined as the last up candle before a sequence of down candles. (Relevant price range "Open" to "High" is marked)
In the settings the number of required sequential candles can be adjusted.
Furthermore a %-threshold can be entered. It defines which minimum %-change the sequential move needs to achieve in order to identify a relevant Order Block. If this is used, it makes sense to adjust it to the timeframe which is analyzed as of course higher timeframes usually produce bigger moves.
Channels for the last Bullish/Bearish Block can be shown/hidden.
In addition to the upper/lower limits of each Order Block, also the equlibrium (average value) is marked as this is an interesting area for price interaction.
Please note that you can optionally display a "Docu"-Label which shows some information about the indicator as a tooltip.
Remark:
As the identification of a relevant Order Block is only possible after the required number of subsequent candles has closed, this indicator "repaints" by definition. But I do not see this as an issue as the relevancy of the Order Blocks and the interaction of price with these levels usually only happens longer in the future anyway.
