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Multi-Timeframe Order Block Strategy

2 906
This indicator identifies high-quality Bullish and Bearish Order Blocks based on price action engulfing patterns with an adjustable engulfing error tolerance.
It supports multi-timeframe OB overlay (1m, 5m, 15m, 1h, 4h), automatic mitigation detection, and visual labeling with customizable colors, styles, and positioning.
Order blocks are automatically removed once mitigated, providing clean and reliable structure for smart money concepts trading.
Features:
Bullish & Bearish Order Block detection using engulfing price action
Adjustable engulfing error margin
Multi-timeframe Order Block visualization (1m / 5m / 15m / 1h / 4h)
Automatic mitigation detection (Wick / Close mode)
Customizable colors, line styles, and label positioning
Real-time alerts for Order Block formation and mitigation

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