OPEN-SOURCE SCRIPT
Volume-Confirmed Order Blocks - CFD Charts
Order-block zones for CFD and cash-index charts — kept only when the impulse
that created them carried above-average REAL futures volume.
What makes it original: classic order-block tools mark every last opposite
candle before a fast move, which paints charts full of untested zones. This
one validates the impulse against the exchange volume of the auto-detected
futures contract (never the CFD's tick volume): a zone only exists where real
contracts changed hands. Price coordinates stay this chart's prices — only the
volume is borrowed, so the futures-vs-cash basis cannot shift a zone.
How it works:
- Impulse = candle range > k x ATR with a decisive body (both adjustable).
- The last opposite candle within a few bars before the impulse becomes the
order block; its high/low span the zone.
- Volume confirmation: the impulse candle needs >= x times the average
futures volume (set the multiplier to 0 for classic, unfiltered blocks).
- Zones extend right until price closes through the far side (mitigation),
then they are removed; the number of kept zones is capped.
- Label-free chart output — zones read from color and geometry alone. Alerts
fire on new bullish/bearish zones.
How to use it: treat the zones as inventory areas of real participation —
pullbacks into a fresh volume-confirmed zone are the classic retest context,
a close through the far side invalidates it (and removes it from the chart).
The volume filter is the quality dial: raise the multiplier to keep only the
zones where the futures market genuinely committed. Delayed futures feeds
confirm new zones a few minutes late; history is complete.
*This script is part of a consistent set of open-source session, range and
volume tools — the companions are on my profile.*
that created them carried above-average REAL futures volume.
What makes it original: classic order-block tools mark every last opposite
candle before a fast move, which paints charts full of untested zones. This
one validates the impulse against the exchange volume of the auto-detected
futures contract (never the CFD's tick volume): a zone only exists where real
contracts changed hands. Price coordinates stay this chart's prices — only the
volume is borrowed, so the futures-vs-cash basis cannot shift a zone.
How it works:
- Impulse = candle range > k x ATR with a decisive body (both adjustable).
- The last opposite candle within a few bars before the impulse becomes the
order block; its high/low span the zone.
- Volume confirmation: the impulse candle needs >= x times the average
futures volume (set the multiplier to 0 for classic, unfiltered blocks).
- Zones extend right until price closes through the far side (mitigation),
then they are removed; the number of kept zones is capped.
- Label-free chart output — zones read from color and geometry alone. Alerts
fire on new bullish/bearish zones.
How to use it: treat the zones as inventory areas of real participation —
pullbacks into a fresh volume-confirmed zone are the classic retest context,
a close through the far side invalidates it (and removes it from the chart).
The volume filter is the quality dial: raise the multiplier to keep only the
zones where the futures market genuinely committed. Delayed futures feeds
confirm new zones a few minutes late; history is complete.
*This script is part of a consistent set of open-source session, range and
volume tools — the companions are on my profile.*
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.