MTF HIPPO Blocks [MMT]
MTF HIPPO Blocks [MMT] identifies HIPPO formations across multiple timeframes and displays their price zones on your chart. It helps you track potential reaction areas, combine overlapping zones, and remove blocks that have already been mitigated.
A HIPPO—Hidden Interbank Price Point Objective—is commonly described as a “hidden order block.” In this indicator, it forms through two consecutive fair value gaps (FVGs), with the overlapping wick ranges of the two middle candles defining the block.
The pattern uses four consecutive candles: A, B, C, and D.
• Bullish HIPPO: C’s low is above A’s high, and D’s low is above B’s high. The block extends from C’s low to B’s high.
• Bearish HIPPO: C’s high is below A’s low, and D’s high is below B’s low. The block extends from B’s low to C’s high.
In both cases, the middle candles must have a positive overlap. Candle D must close before the formation is confirmed.
Traders can use these zones as reference areas when price returns: bullish blocks as potential support and bearish blocks as potential resistance. The pattern itself does not verify institutional orders or guarantee a reaction.
Features
The indicator includes:
• Five timeframe selections: Display HIPPOs from the chart timeframe or higher timeframes. Lower-timeframe selections and duplicate selections are automatically skipped.
• Overlap and proximity merging: Combine nearby blocks into a single zone to reduce clutter. The default merge distance is 2 ticks, with merging restricted to the same direction. Combined labels identify the contributing timeframes.
• Automatic mitigation removal: Choose wick touch, 50% touch, full fill, or a close beyond the block. Full fill is the default. Removal is evaluated using confirmed chart candles, including for higher-timeframe blocks.
• Controlled chart clutter: Set a maximum total number of displayed blocks.
• Customizable appearance: Adjust block colors, transparency, border styles, midpoint lines, and readable label badges.
• Formation filters and alerts: Set minimum FVG and block sizes, optionally require matching candle directions, and create alerts for confirmed bullish or bearish formations.
Higher-timeframe formations use completed source candles. Blocks are drawn back to their formation candles for context, but become available only after confirmation. Merged blocks are treated as one combined zone for midpoint and mitigation calculations.
Use HIPPO zones alongside your broader market analysis and risk management. This indicator provides chart references, not standalone entry or exit signals.
A HIPPO—Hidden Interbank Price Point Objective—is commonly described as a “hidden order block.” In this indicator, it forms through two consecutive fair value gaps (FVGs), with the overlapping wick ranges of the two middle candles defining the block.
The pattern uses four consecutive candles: A, B, C, and D.
• Bullish HIPPO: C’s low is above A’s high, and D’s low is above B’s high. The block extends from C’s low to B’s high.
• Bearish HIPPO: C’s high is below A’s low, and D’s high is below B’s low. The block extends from B’s low to C’s high.
In both cases, the middle candles must have a positive overlap. Candle D must close before the formation is confirmed.
Traders can use these zones as reference areas when price returns: bullish blocks as potential support and bearish blocks as potential resistance. The pattern itself does not verify institutional orders or guarantee a reaction.
Features
The indicator includes:
• Five timeframe selections: Display HIPPOs from the chart timeframe or higher timeframes. Lower-timeframe selections and duplicate selections are automatically skipped.
• Overlap and proximity merging: Combine nearby blocks into a single zone to reduce clutter. The default merge distance is 2 ticks, with merging restricted to the same direction. Combined labels identify the contributing timeframes.
• Automatic mitigation removal: Choose wick touch, 50% touch, full fill, or a close beyond the block. Full fill is the default. Removal is evaluated using confirmed chart candles, including for higher-timeframe blocks.
• Controlled chart clutter: Set a maximum total number of displayed blocks.
• Customizable appearance: Adjust block colors, transparency, border styles, midpoint lines, and readable label badges.
• Formation filters and alerts: Set minimum FVG and block sizes, optionally require matching candle directions, and create alerts for confirmed bullish or bearish formations.
Higher-timeframe formations use completed source candles. Blocks are drawn back to their formation candles for context, but become available only after confirmation. Merged blocks are treated as one combined zone for midpoint and mitigation calculations.
Use HIPPO zones alongside your broader market analysis and risk management. This indicator provides chart references, not standalone entry or exit signals.
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免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。