Order Blocks Indicator [TradingFinder] Lightning|CHOCH |OB | BOS


In "Price Action," an "Order Block" is essentially an area on the price chart where significant players such as institutional traders have executed their moves by placing noteworthy orders. These points often indicate areas where price either attempts to break through (resistance) or returns when it reaches there (support).

Therefore, when discussing the identification of order blocks, we typically refer to finding points where the price has stalled for a while and has accumulated strength before making a significant move in one direction.

Essentially, order blocks assist traders in understanding where large players with "smart money" have likely placed their bulk orders in the market. Traders use these order blocks as part of their overall analysis to identify probable levels where price may change direction.

This version of the order block indicator is designed for traders, adding many indicators to their charts. The minimal design helps minimize disruptions to user focus.

🔵Identification of Order Blocks

To identify order blocks, first, a "Level Break" must occur. To identify a "Demand Zone," a "High Level Break" is required, and to identify a "Supply Zone," a "Low Level Break" is needed.

Demand Zone:

Supply Zone:

🔵"Change of Character" or "Market Shift Structure"

"ChoCh" or "MSS" is the "Break Level" that is contrary to the previous trend. For example, if a "Bearish Level" is established in the market and consecutive "Low Levels" are being broken, the price turns upward, breaking a "High Level." This break is called "ChoCh" or "MSS."

🔵"Break of Structure"

"Break of Structure," or "BoS" for short, is the "Break Level" in the direction of the current trend. For example, if a "Bullish Level" is established in the market, when the price breaks a "High Level," a "BoS" has occurred.


🟣Major Level

This feature helps you easily identify major levels. These levels form when the price breaks another major level.

🟣Refine Order Block

The "Refinement" feature allows you to adjust the width of the order block based on your strategy. There are two modes, "Aggressive" and "Defensive," in Order Block Refine. The difference between "Aggressive" and "Defensive" lies in the width of the order block. For "Risk Averse" traders, the "Defensive" mode is suitable because it provides smaller stop losses and larger reward-to-risk ratios. For "Risk Taker" traders, the "Aggressive" mode is more suitable. These traders prefer to enter trades at higher prices and this mode, where the width of the order block is greater, is more suitable for this group of individuals.

🔵How to Use

After adding the indicator to your chart, you will see a visual similar to the image below. Green order blocks are "Demand Zones" and red order blocks are "Supply Zones." The midpoint of the order blocks also indicates 50% of it.

Refine Order Block is defaulted to On and refines the order blocks. If you want the order blocks to remain original, you should set it to Off.

Refine is defaulted to "Defensive" mode. If you want it to be in "Aggressive" mode, you should change its mode through Refine Type.

Displaying "Major Levels" is turned off by default and to display them, you should set "Show High Level" and "Show Low Level" to "Yes." You can use these lines to identify liquidity or determine stop loss and take profit levels.

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.


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?