OPEN-SOURCE SCRIPT
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.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.