OPEN-SOURCE SCRIPT
Actualizado T4T High Probability Order Blocks
Most order block indicators mark every last opposing candle before a move. This one doesn't. My HP-OB indicator only plots an order block when the full sequence that give OB its meaning is present - liquidity taken, displacement, and a FAVG - so what's on your chart is a shortlist, not a wallpaper.
How an OB qualifies
A bullish OB requires three consecutive candles to each do their job:
1. The OB candle - bearish candle that engages sell-side liquidity: a lower against recent price, a raid of a prior swing low, or a tap of equal/relatively equal lows. It must also hold the extreme move.
2. The displacement candle - a candle with real conviction.
3. The confirmation candle - its close must leave a clean FVG behind - No gap > No order block!
Everything is mirrored for bearish OBs. Nothing plots until the confirmation candle closes - no repainting, no provisional boxes.
Zone management
Zones extend forward until price interacts with them. A tap into the zones dims after the OB has been tested; a close through the far side retires it. Delays for both are configurable, and stale zones are automatically pruned so charts stay readable.
Settings
Pivots sensitivity, displacement strength, equal-level tolerance, and lower -lower lookback are all adjustable, along with zone boundaries, colours, and optional FVG boxes.
Alerts
Four built-in conditions: new bullish OB, new bearish OB, and first test of either - so you can wait for price to come to your level instead of chasing.
This tool mark structure; it doesn't make decisions. Fewer, cleaner zones and the discipline to wait for them - #PatiencePays
How an OB qualifies
A bullish OB requires three consecutive candles to each do their job:
1. The OB candle - bearish candle that engages sell-side liquidity: a lower against recent price, a raid of a prior swing low, or a tap of equal/relatively equal lows. It must also hold the extreme move.
2. The displacement candle - a candle with real conviction.
3. The confirmation candle - its close must leave a clean FVG behind - No gap > No order block!
Everything is mirrored for bearish OBs. Nothing plots until the confirmation candle closes - no repainting, no provisional boxes.
Zone management
Zones extend forward until price interacts with them. A tap into the zones dims after the OB has been tested; a close through the far side retires it. Delays for both are configurable, and stale zones are automatically pruned so charts stay readable.
Settings
Pivots sensitivity, displacement strength, equal-level tolerance, and lower -lower lookback are all adjustable, along with zone boundaries, colours, and optional FVG boxes.
Alerts
Four built-in conditions: new bullish OB, new bearish OB, and first test of either - so you can wait for price to come to your level instead of chasing.
This tool mark structure; it doesn't make decisions. Fewer, cleaner zones and the discipline to wait for them - #PatiencePays
Notas de prensa
Breaker blocks added.Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Join the T4Trading Discord community for live trading sessions and mentoring. #PatiencePays
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Join the T4Trading Discord community for live trading sessions and mentoring. #PatiencePays
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.