Traders-Table
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This was posted in General but realised it should prob be better placed posted in here. I have just released an Order Blocks indicator.
OrderBlox Pro is now live to purchase on https://traders-table.com/ Its a lifetime licence and will work with MW v7 once its out also.
OrderBlox Pro is now live to purchase on https://traders-table.com/ Its a lifetime licence and will work with MW v7 once its out also.
Orderblox Pro - Key Features
Here are some of the standout features of the Orderblox Pro study, designed to provide comprehensive market analysis:- Advanced Order Block Detection: Identifies potential bullish and bearish order blocks, which can be crucial zones of supply and demand. Customizable rules for OB formation, including the option to use candle body range instead of full wicks.
- Fair Value Gap (FVG) Integration: Not only detects FVGs but also allows users to filter Order Blocks based on the presence of an FVG during the breakout move, adding a layer of confluence to trading setups. FVG mitigation methods (First Touch, Midpoint, Full Range) are also customizable.
- Custom Time-Based Levels (IB/OR): Allows users to define up to two distinct time periods (e.g., Initial Balance, Opening Range) and automatically plots their high, low, and mid-levels, which can act as dynamic support/resistance.
- Sophisticated OB Filtering Suite:Offers a rich set of filters to refine Order Block signals, including:
- Break of Structure (BOS): Only show OBs that lead to a clear market structure break.
- Engulfing Candle Confirmation: Require the breakout from an OB to be confirmed by an engulfing candle.
- Volume & Delta Filter: Filter OB source candles based on their volume from Min/Max deltas.
- Standard Deviation Move: Confirm OBs based on the subsequent price move being a certain multiple of the OB candle's height.
- Delta-Powered Analysis:
- Delta Filtering: Option to filter OBs based on minimum delta magnitude in the source or breakout candle.
- Delta Highlighting: Visually emphasize OBs formed with significant delta.
- Delta Candle Coloring: Automatically color the source or breakout candle that had the highest delta activity.
- Intra-OB Delta Visualization: Displays small bars inside the Order Block box representing the max buying and selling delta during the OB's formation, offering a quick glance at internal strength.
- Customizable OB Mitigation Rules: Define how Order Blocks are considered "used" or mitigated, with options for "First Touch" or "Midpoint" of the OB zone. Includes an advanced "Proximity Mitigation" with bounce confirmation to inform that level has been 'used'.
- Flexible Move Confirmation: Validate OBs based on price moving away by a configurable percentage or a dynamic ATR (Average True Range) multiple, adapting to market volatility.
- Delayed OB Display: Users can specify a number of candles that must pass after an OB's formation before it is displayed, allowing time for the OB to "prove" itself by not being immediately invalidated.
- Comprehensive Visual Customization: Extensive color options for bullish/bearish OBs (active and mitigated), FVGs, time-based levels, delta highlights, and midlines. Control over line thickness and label visibility.
- Detailed History: Options to calculate OBs over a specified lookback period or entire chart history.
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