Order Blocks | Flux Charts

2024년 1월 4일

💎 GENERAL OVERVIEW
Introducing our new Volumized Order Blocks indicator! This new indicator can render order blocks with their volumetric information. It's highly customizable with detection, invalidation and style settings.



Features of the new Volumized Order Blocks [MTF] indicator :

1. Render Bullish & Bearish Order Blocks
   
2. Enable / Disable Volumetric Information
   
3. Enable / Disable Historic Zones
   
4. Visual Customizability
   

📌 HOW DOES IT WORK ?
Order blocks occur when there is a high amount of market orders exist on a price range. It is possible to find order blocks using specific formations on the chart.

The high & low volume of order blocks should be taken into consideration while determining their strengths. The determination of the high & low volume of order blocks are similar to FVGs, in a bullish order block, the high volume is the last 2 bars' total volume, while the low volume is the oldest bar's volume. In a bearish order block scenario, the low volume becomes the last 2 bars' total volume.

🚩UNIQUENESS
The ability to render the total volume of Order Blocks as well as bullish / bearish volume ratio is what sets this Order Block indicator apart from others. Also the ability to combine overlapping Order Block zones will result in cleaner charts for traders.

⚙️SETTINGS

1. General Configuration
Volumetric Info -> The volumetric information of the Order Blocks will be rendered if activated.



Zone Invalidation -> Select between Wick & Close price for Order Block Invalidation.


Swing Length -> Swing length is used when finding order block formations. Smaller values will result in finding smaller order blocks.

2024년 1월 13일

릴리즈 노트

• Fixed a bug that sometimes caused flicker of rendered zones
  

2024년 1월 15일

릴리즈 노트

• Added zone count setting
  
• Improved reliability
  

2024년 1월 31일

릴리즈 노트

• Added an option to change the text color.
  

2024년 2월 28일

릴리즈 노트

• Fixed a rare bug happening with bigger candles.