Advanced Order Blocks with Volume

1月29日

Advanced Order Blocks with Volume Indicator

This professional-grade indicator combines order block detection with sophisticated volume analysis to identify high-probability trading opportunities. It automatically detects and displays bullish and bearish order blocks formed during consolidation periods, enhanced by three distinct volume calculation methods (Simple, Relative, and Weighted).



Key Features:
- Smart consolidation detection with customizable thresholds
- Volume-filtered order blocks to avoid false signals
- Automatic order block mitigation tracking
- Clear visual presentation with volume metrics
- Flexible customization options for colors and parameters

Settings:
Core Parameters:
- Consolidation Threshold %: Sets the maximum price range (0.1-1.0%) for detecting consolidation zones
- Lookback Period: Number of bars (2-10) to analyze for consolidation patterns

Volume Analysis:
- Volume Calculation Method: Choose between Simple (basic average), Relative (compared to average), or Weighted (prioritized recent volume)
- Volume Lookback Period: Historical bars (5-100) used for volume analysis
- Volume Threshold Multiplier: Minimum volume requirement (1.0-5.0x) for valid order blocks

Visual Settings:
- Bullish/Bearish OB Color: Background colors for order blocks
- Bullish/Bearish OB Text Color: Colors for volume information display

Perfect for traders focusing on institutional price levels and volume-based trading strategies. The indicator helps identify potential reversal zones with strong institutional interest, validated by significant volume conditions.

1月30日

版本注释

New better order block calculation. Works better with all asset classes