OPEN-SOURCE SCRIPT
Smart Order Blocks [Pro Version]

Here’s a **clear, detailed "How It Works" explanation** for this indicator:
---
## ✅ **Smart Order Blocks \[Pro Version] – How It Works**
### **Purpose**
This indicator detects **Order Blocks (OBs)** based on **pivot highs and lows**, and automatically marks **Bullish** and **Bearish OB zones** on the chart with optional extensions and alerts. It is designed to help traders identify **institutional price levels** where liquidity is often engineered for future price moves.
---
### **Customization Options**
✔ **Source** → Choose between Wicks or Bodies for OB calculation.
✔ **Pivot Settings** → Adjust sensitivity for detecting pivots.
✔ **Extend OBs** → Keep zones visible until tapped, or fix a specific width.
✔ **Show Labels** → Displays OB type and strength on chart.
✔ **Colors** → Configure Bullish, Bearish, and Invalid OB colors.
---
### **Practical Usage**
* **Entry Strategy**:
* Wait for price to **revisit a Bullish OB** in an uptrend → Long entry.
* Wait for price to **revisit a Bearish OB** in a downtrend → Short entry.
* Combine with:
* **Market Structure (HH/HL or LH/LL)**.
* **Confirmation signals** (e.g., candlestick pattern, break of structure).
* **Risk Management** → Stop loss outside OB zone.
---
### ✅ **Summary in One Sentence**
The indicator automatically identifies **institutional OB zones**, shows their strength, extends them until mitigated, and alerts you when price interacts with these key liquidity levels, helping you trade like Smart Money.
---
---
## ✅ **Smart Order Blocks \[Pro Version] – How It Works**
### **Purpose**
This indicator detects **Order Blocks (OBs)** based on **pivot highs and lows**, and automatically marks **Bullish** and **Bearish OB zones** on the chart with optional extensions and alerts. It is designed to help traders identify **institutional price levels** where liquidity is often engineered for future price moves.
---
### **Customization Options**
✔ **Source** → Choose between Wicks or Bodies for OB calculation.
✔ **Pivot Settings** → Adjust sensitivity for detecting pivots.
✔ **Extend OBs** → Keep zones visible until tapped, or fix a specific width.
✔ **Show Labels** → Displays OB type and strength on chart.
✔ **Colors** → Configure Bullish, Bearish, and Invalid OB colors.
---
### **Practical Usage**
* **Entry Strategy**:
* Wait for price to **revisit a Bullish OB** in an uptrend → Long entry.
* Wait for price to **revisit a Bearish OB** in a downtrend → Short entry.
* Combine with:
* **Market Structure (HH/HL or LH/LL)**.
* **Confirmation signals** (e.g., candlestick pattern, break of structure).
* **Risk Management** → Stop loss outside OB zone.
---
### ✅ **Summary in One Sentence**
The indicator automatically identifies **institutional OB zones**, shows their strength, extends them until mitigated, and alerts you when price interacts with these key liquidity levels, helping you trade like Smart Money.
---
오픈 소스 스크립트
진정한 트레이딩뷰 정신에 따라 이 스크립트 작성자는 트레이더가 기능을 검토하고 검증할 수 있도록 오픈소스로 공개했습니다. 작성자에게 찬사를 보냅니다! 무료로 사용할 수 있지만 코드를 다시 게시할 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
오픈 소스 스크립트
진정한 트레이딩뷰 정신에 따라 이 스크립트 작성자는 트레이더가 기능을 검토하고 검증할 수 있도록 오픈소스로 공개했습니다. 작성자에게 찬사를 보냅니다! 무료로 사용할 수 있지만 코드를 다시 게시할 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.