Order Block - Market Structure Signals
This powerful instrument, developed by professional traders, has already proven its effectiveness on real trading accounts.
Key advantages:
- Versatility: works on any instruments, markets, and timeframes (forex, crypto, stocks, bonds, futures).
- Precision: shows best results on tick charts, filtering out quick impulses during strong market movements. Also works well on standard timeframes.
- Flexibility of settings: allows you to adapt the indicator to your trading style and preferences.
- Visual clarity: clearly displays market structure breakdown levels, signals, and support/resistance zones (OrderBlock).
Main functions:
- Dynamic calculation and display of OrderBlock zones
- Entry signals (red and green arrows)
- Display of probable future trend movement (optional)
- Adjustable block transparency
- Option to remove completed zones
Always consider the market context!
Settings:
Bars History - number of bars for calculation (if too many - may load the computer). Default is 2000 bars.
Deviation % Zigzag - main parameter - calculation from zigzag. Adjusted depending on timeframe and instrument Block
Transparency 0-250 - transparency of blocks Delete Old/Broken Boxes - whether to delete old blocks
Delete Arrows - do not show signal arrows Arrow Distance (ATR multiplier) - distance from bar to arrow in ATR ........
Delete Dots - disable drawing of dots (controversial function - dots show probable future trend movement)
On the chart: Red and green lines - market structure breakdown levels Red and green arrows - indicator signal Bands - OrderBlock zones - support and resistance. They are dynamically calculated and removed when completed (option to keep them on the chart)
Important: The indicator code is protected by copyright.
