CNPS23-VOLUME_ORDER BLOCK
CNPS23 VOLUME ORDER BLOCK RETEST
CNPS23 is an Order Block retest strategy built around displacement, volume expansion and subsequent price interaction with the origin of the impulse.
Rather than entering on the impulse candle itself, the strategy creates a price zone and waits for the market to revisit that zone.
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1. STRATEGY CONCEPT
━━━━━━━━━━━━━━━━━━
The strategy follows this sequence:
Displacement Candle
+
Volume Impulse
→ Create Order Block
→ Keep Zone Active
→ Wait for Retest
→ Confirm Reaction
→ Entry
The Order Block is derived from the candle immediately before the impulse.
━━━━━━━━━━━━━━━━━━
2. IMPULSE DETECTION
━━━━━━━━━━━━━━━━━━
The strategy evaluates both price displacement and volume.
Default parameters:
ATR Length: 14
Displacement Body: at least 0.8 ATR
Volume SMA Length: 20
Impulse Volume: at least 1.0x Volume SMA
BULLISH IMPULSE:
• Bullish candle
• Large candle body
• Sufficient volume
BEARISH IMPULSE:
• Bearish candle
• Large candle body
• Sufficient volume
Optional filters can require the impulse to break the previous candle range or require the candle before the impulse to have the opposite direction.
━━━━━━━━━━━━━━━━━━
3. ORDER BLOCK CREATION
━━━━━━━━━━━━━━━━━━
When a bullish impulse is detected, a bullish Order Block is created from the previous candle.
Default full-zone definition:
Top = Previous High
Bottom = Previous Low
The strategy can optionally use only the previous candle body instead.
The same process is mirrored for bearish Order Blocks.
━━━━━━━━━━━━━━━━━━
4. MULTIPLE ACTIVE ZONES
━━━━━━━━━━━━━━━━━━
CNPS23 can maintain several Order Blocks simultaneously.
Each zone stores:
• Zone Top
• Zone Bottom
• Impulse Volume
• Creation Bar
• Direction
• Used / Unused State
Default Maximum Active Zones:
15
Default Maximum Zone Age:
300 bars
Old or invalid zones are automatically removed.
━━━━━━━━━━━━━━━━━━
5. ZONE INVALIDATION
━━━━━━━━━━━━━━━━━━
A bullish zone becomes invalid if price closes below its lower boundary.
A bearish zone becomes invalid if price closes above its upper boundary.
Zones are also removed after exceeding the maximum permitted age.
This prevents outdated Order Blocks from remaining indefinitely active.
━━━━━━━━━━━━━━━━━━
6. RETEST LOGIC
━━━━━━━━━━━━━━━━━━
A retest occurs when the current candle overlaps an active Order Block.
The strategy scans active zones from newest to oldest.
Default:
One Trade Per Zone: ON
After a zone generates a trade, it is marked as used and cannot generate another trade when first-touch mode is enabled.
━━━━━━━━━━━━━━━━━━
7. OPTIONAL RETEST FILTERS
━━━━━━━━━━━━━━━━━━
CNPS23 supports additional confirmation filters.
These include:
• Directional candle
• Rejection wick
• Retest volume dry-up
• EMA trend filter
Default configuration:
Directional Candle: ON
Rejection Wick: OFF
Retest Volume Filter: OFF
EMA Trend Filter: OFF
This keeps the default setup relatively close to the original Order Block retest concept.
━━━━━━━━━━━━━━━━━━
8. LONG SETUP
━━━━━━━━━━━━━━━━━━
Bullish displacement
→ Bullish Order Block created
→ Price revisits the zone
→ Zone remains structurally valid
→ Bullish confirmation requirements pass
→ LONG
━━━━━━━━━━━━━━━━━━
9. SHORT SETUP
━━━━━━━━━━━━━━━━━━
Bearish displacement
→ Bearish Order Block created
→ Price revisits the zone
→ Zone remains structurally valid
→ Bearish confirmation requirements pass
→ SHORT
━━━━━━━━━━━━━━━━━━
10. RISK MANAGEMENT
━━━━━━━━━━━━━━━━━━
CNPS23 supports two exit modes:
FIXED POINTS
Default:
Stop Loss: 5 points
Take Profit: 15 points
ZONE RR
The protective stop is placed outside the relevant Order Block with an ATR buffer.
Default buffer:
0.20 ATR
Default Zone Target:
1.5R
This allows the user to compare fixed monetary geometry against source-style structural risk.
━━━━━━━━━━━━━━━━━━
11. OPTIONAL TRADE MANAGEMENT
━━━━━━━━━━━━━━━━━━
Break-even functionality is available but disabled by default.
A time stop is also available.
Default:
Time Stop: OFF
These features can be enabled for research but are not required by the core Order Block logic.
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12. SESSION MANAGEMENT
━━━━━━━━━━━━━━━━━━
Default timezone:
Asia/Ho_Chi_Minh
Entry Window:
09:00 – 14:30
Force Close:
14:45
The strategy uses the current chart timeframe.
━━━━━━━━━━━━━━━━━━
13. BACKTEST ASSUMPTIONS
━━━━━━━━━━━━━━━━━━
Initial Capital: 100,000,000
Position Size: 3 contracts
Commission: 10,000 VND per contract
Slippage: 3 ticks
Pyramiding: 0
━━━━━━━━━━━━━━━━━━
14. HOW TO EVALUATE THE STRATEGY
━━━━━━━━━━━━━━━━━━
Useful research variables include:
• Displacement threshold
• Impulse volume requirement
• Full candle zone vs body-only zone
• First-touch behavior
• Zone lifetime
• Rejection wick filter
• Retest volume dry-up
• EMA trend alignment
• Fixed Points vs Zone RR
Because multiple zones may exist simultaneously, the number and age of active zones should also be monitored when interpreting results.
━━━━━━━━━━━━━━━━━━
DISCLAIMER
━━━━━━━━━━━━━━━━━━
This strategy is provided for educational, research and backtesting purposes only.
It does not constitute financial advice.
Past performance does not guarantee future results.
Trading futures and leveraged financial instruments involves substantial risk. Users are solely responsible for their trading decisions and risk management.
CNPS23 is an Order Block retest strategy built around displacement, volume expansion and subsequent price interaction with the origin of the impulse.
Rather than entering on the impulse candle itself, the strategy creates a price zone and waits for the market to revisit that zone.
━━━━━━━━━━━━━━━━━━
1. STRATEGY CONCEPT
━━━━━━━━━━━━━━━━━━
The strategy follows this sequence:
Displacement Candle
+
Volume Impulse
→ Create Order Block
→ Keep Zone Active
→ Wait for Retest
→ Confirm Reaction
→ Entry
The Order Block is derived from the candle immediately before the impulse.
━━━━━━━━━━━━━━━━━━
2. IMPULSE DETECTION
━━━━━━━━━━━━━━━━━━
The strategy evaluates both price displacement and volume.
Default parameters:
ATR Length: 14
Displacement Body: at least 0.8 ATR
Volume SMA Length: 20
Impulse Volume: at least 1.0x Volume SMA
BULLISH IMPULSE:
• Bullish candle
• Large candle body
• Sufficient volume
BEARISH IMPULSE:
• Bearish candle
• Large candle body
• Sufficient volume
Optional filters can require the impulse to break the previous candle range or require the candle before the impulse to have the opposite direction.
━━━━━━━━━━━━━━━━━━
3. ORDER BLOCK CREATION
━━━━━━━━━━━━━━━━━━
When a bullish impulse is detected, a bullish Order Block is created from the previous candle.
Default full-zone definition:
Top = Previous High
Bottom = Previous Low
The strategy can optionally use only the previous candle body instead.
The same process is mirrored for bearish Order Blocks.
━━━━━━━━━━━━━━━━━━
4. MULTIPLE ACTIVE ZONES
━━━━━━━━━━━━━━━━━━
CNPS23 can maintain several Order Blocks simultaneously.
Each zone stores:
• Zone Top
• Zone Bottom
• Impulse Volume
• Creation Bar
• Direction
• Used / Unused State
Default Maximum Active Zones:
15
Default Maximum Zone Age:
300 bars
Old or invalid zones are automatically removed.
━━━━━━━━━━━━━━━━━━
5. ZONE INVALIDATION
━━━━━━━━━━━━━━━━━━
A bullish zone becomes invalid if price closes below its lower boundary.
A bearish zone becomes invalid if price closes above its upper boundary.
Zones are also removed after exceeding the maximum permitted age.
This prevents outdated Order Blocks from remaining indefinitely active.
━━━━━━━━━━━━━━━━━━
6. RETEST LOGIC
━━━━━━━━━━━━━━━━━━
A retest occurs when the current candle overlaps an active Order Block.
The strategy scans active zones from newest to oldest.
Default:
One Trade Per Zone: ON
After a zone generates a trade, it is marked as used and cannot generate another trade when first-touch mode is enabled.
━━━━━━━━━━━━━━━━━━
7. OPTIONAL RETEST FILTERS
━━━━━━━━━━━━━━━━━━
CNPS23 supports additional confirmation filters.
These include:
• Directional candle
• Rejection wick
• Retest volume dry-up
• EMA trend filter
Default configuration:
Directional Candle: ON
Rejection Wick: OFF
Retest Volume Filter: OFF
EMA Trend Filter: OFF
This keeps the default setup relatively close to the original Order Block retest concept.
━━━━━━━━━━━━━━━━━━
8. LONG SETUP
━━━━━━━━━━━━━━━━━━
Bullish displacement
→ Bullish Order Block created
→ Price revisits the zone
→ Zone remains structurally valid
→ Bullish confirmation requirements pass
→ LONG
━━━━━━━━━━━━━━━━━━
9. SHORT SETUP
━━━━━━━━━━━━━━━━━━
Bearish displacement
→ Bearish Order Block created
→ Price revisits the zone
→ Zone remains structurally valid
→ Bearish confirmation requirements pass
→ SHORT
━━━━━━━━━━━━━━━━━━
10. RISK MANAGEMENT
━━━━━━━━━━━━━━━━━━
CNPS23 supports two exit modes:
FIXED POINTS
Default:
Stop Loss: 5 points
Take Profit: 15 points
ZONE RR
The protective stop is placed outside the relevant Order Block with an ATR buffer.
Default buffer:
0.20 ATR
Default Zone Target:
1.5R
This allows the user to compare fixed monetary geometry against source-style structural risk.
━━━━━━━━━━━━━━━━━━
11. OPTIONAL TRADE MANAGEMENT
━━━━━━━━━━━━━━━━━━
Break-even functionality is available but disabled by default.
A time stop is also available.
Default:
Time Stop: OFF
These features can be enabled for research but are not required by the core Order Block logic.
━━━━━━━━━━━━━━━━━━
12. SESSION MANAGEMENT
━━━━━━━━━━━━━━━━━━
Default timezone:
Asia/Ho_Chi_Minh
Entry Window:
09:00 – 14:30
Force Close:
14:45
The strategy uses the current chart timeframe.
━━━━━━━━━━━━━━━━━━
13. BACKTEST ASSUMPTIONS
━━━━━━━━━━━━━━━━━━
Initial Capital: 100,000,000
Position Size: 3 contracts
Commission: 10,000 VND per contract
Slippage: 3 ticks
Pyramiding: 0
━━━━━━━━━━━━━━━━━━
14. HOW TO EVALUATE THE STRATEGY
━━━━━━━━━━━━━━━━━━
Useful research variables include:
• Displacement threshold
• Impulse volume requirement
• Full candle zone vs body-only zone
• First-touch behavior
• Zone lifetime
• Rejection wick filter
• Retest volume dry-up
• EMA trend alignment
• Fixed Points vs Zone RR
Because multiple zones may exist simultaneously, the number and age of active zones should also be monitored when interpreting results.
━━━━━━━━━━━━━━━━━━
DISCLAIMER
━━━━━━━━━━━━━━━━━━
This strategy is provided for educational, research and backtesting purposes only.
It does not constitute financial advice.
Past performance does not guarantee future results.
Trading futures and leveraged financial instruments involves substantial risk. Users are solely responsible for their trading decisions and risk management.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.