OPEN-SOURCE SCRIPT
ICT Order Blocks + Alerts
Order Block Identify & Verify
An educational Order Block (OB) indicator that finds ICT-style order blocks, confirms them with a volatility-filtered displacement candle, and tracks each level until price taps it or invalidates it. Every part of the chart is marked with a simple icon so you can learn to recognize order blocks on your own.
━━━ WHAT IS AN ORDER BLOCK? ━━━
An order block is the last opposite-direction candle before a strong move (displacement). Price often comes back to this level later, where it can act as support (bullish OB) or resistance (bearish OB).
━━━ HOW IT WORKS ━━━
Bullish OB (OB+)
• The OB candle is a down-close candle.
• The next candle is a strong up-close candle that closes ABOVE the OB candle's open.
• The OB level is the OB candle's open.
Bearish OB (OB-)
• The OB candle is an up-close candle.
• The next candle is a strong down-close candle that closes BELOW the OB candle's open.
• The OB level is the OB candle's open.
Displacement filter
The displacement candle's body must be larger than ATR × your multiplier. Because ATR adapts to the instrument and timeframe, weak, noisy moves are ignored and only real displacement counts.
Invalidation
An OB is invalidated when a candle CLOSES through its level. Wicks alone don't count.
• OB+ is invalid when price closes below the line.
• OB- is invalid when price closes above the line.
━━━ CHART LEGEND ━━━
▲ / ▼ = Order block candle
✓ = Displacement confirmed
─── = Active OB level
- - - = Invalidated OB level (when "Stop Line at Mitigation" is off)
OB+ = Bullish order block (possible support)
OB- = Bearish order block (possible resistance)
━━━ ALERTS ━━━
Turn each one on or off under Inputs → Alerts:
• New OB formed: when the displacement candle closes, with the OB level in the message
• Price taps OB level: the first time price returns to an active OB (once per OB)
• OB invalidated: when a candle closes through an active OB
To set one up: Create Alert → Condition: Order Block Identify & Verify → then choose
• "Any alert() function call" for every event you enabled, with the price level, or
• a single condition (New OB+, OB- Tapped, OB+ Invalidated, etc.).
Tip: use "Once Per Bar Close" for New OB and Invalidated alerts so they only fire on closed candles.
━━━ SETTINGS ━━━
Order Blocks
• Max Bullish / Bearish OBs: how many active OBs of each side to show.
Filters
• Min Displacement (ATR multiplier): how strong the displacement candle must be. 1.0 is balanced. Lower values give more OBs, higher values fewer but stronger ones. Timeframe suggestions are in the setting's tooltip.
• ATR Length: lookback for the ATR (default 14).
Visuals
• Colors, line width, show/hide markers, icon size.
Mitigation
• Stop Line at Mitigation: end the line when the OB is invalidated, or keep it extending as a dashed line.
• Keep Mitigated OBs (per side): how many invalidated OBs stay on the chart for reference.
━━━ HOW TO USE IT ━━━
• Use it to learn what valid order blocks look like: the ▲▼ candle, the ✓ displacement, and the level price may return to.
• Watch how price reacts when it taps an OB level. Does it hold or close through?
• Combine it with your own context (higher-timeframe trend, liquidity, session timing). An OB by itself is not a trade signal.
━━━ PREVIOUS VERSION ━━━
This script replaces my earlier "OB Education Tool". The original is here: [LINK]
━━━ DISCLAIMER ━━━
This indicator is for educational purposes only and is not financial advice. Order blocks are areas of interest, not guarantees. Always manage your risk.
An educational Order Block (OB) indicator that finds ICT-style order blocks, confirms them with a volatility-filtered displacement candle, and tracks each level until price taps it or invalidates it. Every part of the chart is marked with a simple icon so you can learn to recognize order blocks on your own.
━━━ WHAT IS AN ORDER BLOCK? ━━━
An order block is the last opposite-direction candle before a strong move (displacement). Price often comes back to this level later, where it can act as support (bullish OB) or resistance (bearish OB).
━━━ HOW IT WORKS ━━━
Bullish OB (OB+)
• The OB candle is a down-close candle.
• The next candle is a strong up-close candle that closes ABOVE the OB candle's open.
• The OB level is the OB candle's open.
Bearish OB (OB-)
• The OB candle is an up-close candle.
• The next candle is a strong down-close candle that closes BELOW the OB candle's open.
• The OB level is the OB candle's open.
Displacement filter
The displacement candle's body must be larger than ATR × your multiplier. Because ATR adapts to the instrument and timeframe, weak, noisy moves are ignored and only real displacement counts.
Invalidation
An OB is invalidated when a candle CLOSES through its level. Wicks alone don't count.
• OB+ is invalid when price closes below the line.
• OB- is invalid when price closes above the line.
━━━ CHART LEGEND ━━━
▲ / ▼ = Order block candle
✓ = Displacement confirmed
─── = Active OB level
- - - = Invalidated OB level (when "Stop Line at Mitigation" is off)
OB+ = Bullish order block (possible support)
OB- = Bearish order block (possible resistance)
━━━ ALERTS ━━━
Turn each one on or off under Inputs → Alerts:
• New OB formed: when the displacement candle closes, with the OB level in the message
• Price taps OB level: the first time price returns to an active OB (once per OB)
• OB invalidated: when a candle closes through an active OB
To set one up: Create Alert → Condition: Order Block Identify & Verify → then choose
• "Any alert() function call" for every event you enabled, with the price level, or
• a single condition (New OB+, OB- Tapped, OB+ Invalidated, etc.).
Tip: use "Once Per Bar Close" for New OB and Invalidated alerts so they only fire on closed candles.
━━━ SETTINGS ━━━
Order Blocks
• Max Bullish / Bearish OBs: how many active OBs of each side to show.
Filters
• Min Displacement (ATR multiplier): how strong the displacement candle must be. 1.0 is balanced. Lower values give more OBs, higher values fewer but stronger ones. Timeframe suggestions are in the setting's tooltip.
• ATR Length: lookback for the ATR (default 14).
Visuals
• Colors, line width, show/hide markers, icon size.
Mitigation
• Stop Line at Mitigation: end the line when the OB is invalidated, or keep it extending as a dashed line.
• Keep Mitigated OBs (per side): how many invalidated OBs stay on the chart for reference.
━━━ HOW TO USE IT ━━━
• Use it to learn what valid order blocks look like: the ▲▼ candle, the ✓ displacement, and the level price may return to.
• Watch how price reacts when it taps an OB level. Does it hold or close through?
• Combine it with your own context (higher-timeframe trend, liquidity, session timing). An OB by itself is not a trade signal.
━━━ PREVIOUS VERSION ━━━
This script replaces my earlier "OB Education Tool". The original is here: [LINK]
━━━ DISCLAIMER ━━━
This indicator is for educational purposes only and is not financial advice. Order blocks are areas of interest, not guarantees. Always manage your risk.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.