simwai

MTF OB Supply Demand Zones

simwai 업데이트됨   
Hello everyone,

This exceptional indicator provides you with visual representations of bullish and bearish order blocks or supply and demand zones across multiple timeframes. In simple terms, bullish order blocks are represented by a small red candle followed by a large red candle, while bearish order blocks are depicted as a small green candle followed by a large red candle. Supply and demand zones are drawn by using order blocks.

Features:
  • Display order blocks from up to three different timeframes.
  • Customize the maximum number of boxes shown and the colors of the zones.
  • Choose from three different modes: OB (Order Block), Extended OB, and Supply/Demand.

Mode Descriptions:
OB: Includes the body of the candle.
Extended OB: Encompasses the body and wick of the candle.
Supply/Demand: Covers the body, wick, and half the body of the large candle.

Usage:
Ensure that charts 2 and 3 are set to a higher timeframe. For modes 2 and 3, it’s recommended to reduce the maximum number of boxes shown. The zones or boxes are transparent, allowing for overlap. This feature aids in identifying reversal zones or confirmed zones. The more intense the color, the stronger the confirmation. If a green zone overlaps a red zone (or vice versa), it signifies a reversal zone.

Thank you for checking out this indicator!

---

Additional Information:
Order blocks refer to specific price areas where large market participants, such as institutional traders, have previously placed significant buy or sell orders. These clusters of orders can impact price movement, liquidity, and market sentiment.

Order blocks are a strategic approach to identifying key levels of support and resistance based on the behavior of institutional traders. These key levels are then utilized as entry or exit points for trades.

An order block is an area where there has been a large concentration of limit orders awaiting execution. These blocks are identified on a chart by observing previous price action and pinpointing areas where the price experienced significant movement or abrupt changes in direction.

Order blocks are used in the following popular trading philosophies:
  • Smart Money Concepts (SMC)
  • Inner Circle Trading (ICT)
  • Price Action

---

Credits to: @AGFXTRADING
릴리즈 노트:
Refactored the code
릴리즈 노트:
Fat major update.
Added 2 normal breakout and 2 false breakout patterns
Added color bouncing (the more bounces on a zone happen, the stronger the color will get!!!)
Changed license
Added adjustable label colors
Updated default values
And the list goes on and on and on
릴리즈 노트:
Updated chart screenshot
릴리즈 노트:
Updated tooltip
릴리즈 노트:
Updated license
릴리즈 노트:
Updated license

오픈 소스 스크립트

이 스크립트의 오써는 참된 트레이딩뷰의 스피릿으로 이 스크립트를 오픈소스로 퍼블리쉬하여 트레이더들로 하여금 이해 및 검증할 수 있도록 하였습니다. 오써를 응원합니다! 스크립트를 무료로 쓸 수 있지만, 다른 퍼블리케이션에서 이 코드를 재사용하는 것은 하우스룰을 따릅니다. 님은 즐겨찾기로 이 스크립트를 차트에서 쓸 수 있습니다.

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.

차트에 이 스크립트를 사용하시겠습니까?