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EOB MTF by Jae
EOB — Engulfing Order Block Detector
This indicator automatically identifies and plots Engulfing Order Blocks (EOBs) directly on your chart — a core concept from ICT (Inner Circle Trader) methodology.
An EOB forms when a candle with a significant wick is fully or predominantly engulfed by the following candle, signaling that smart money has stepped in aggressively to reverse price. These zones act as high-probability areas where price is likely to react on a retest.
How it works:
🟢 Bullish EOB — A red candle with an upper wick is engulfed by a larger green candle closing above it. The zone marks the area where institutional buying occurred.
🔴 Bearish EOB — A green candle with a lower wick is engulfed by a larger red candle closing below it. The zone marks the area where institutional selling occurred.
How to use it:
Wait for price to pull back into a zone after the EOB forms. Enter in the direction of the engulf with your stop loss beyond the zone and a minimum 2:1 risk-to-reward target. Best used during NY AM (09:30–11:00) and NY PM (13:30–15:30) sessions on liquid futures instruments like MNQ, NQ, ES, and CL.
Works on all timeframes. Recommended: 5m for entries, 15m/1H for bias confirmation.
This indicator automatically identifies and plots Engulfing Order Blocks (EOBs) directly on your chart — a core concept from ICT (Inner Circle Trader) methodology.
An EOB forms when a candle with a significant wick is fully or predominantly engulfed by the following candle, signaling that smart money has stepped in aggressively to reverse price. These zones act as high-probability areas where price is likely to react on a retest.
How it works:
🟢 Bullish EOB — A red candle with an upper wick is engulfed by a larger green candle closing above it. The zone marks the area where institutional buying occurred.
🔴 Bearish EOB — A green candle with a lower wick is engulfed by a larger red candle closing below it. The zone marks the area where institutional selling occurred.
How to use it:
Wait for price to pull back into a zone after the EOB forms. Enter in the direction of the engulf with your stop loss beyond the zone and a minimum 2:1 risk-to-reward target. Best used during NY AM (09:30–11:00) and NY PM (13:30–15:30) sessions on liquid futures instruments like MNQ, NQ, ES, and CL.
Works on all timeframes. Recommended: 5m for entries, 15m/1H for bias confirmation.
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这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。