GOLD – OB Clean + Internal/External Market Structure [Dragos]

GOLD – OB Clean + Internal/External Market Structure [Dragos]

All-in-one tool for XAUUSD that combines:

Clean Order Blocks (Supply/Demand) derived from the last opposite candle after a BOS (break of structure)

Internal & External Market Structure (CHoCH/BOS) with lines and labels

Visual zone management: right extension, mitigation (first touch), invalidation (close beyond), and 50% midline

How it works

Structure & BOS

Finds pivots (HH/LL) via Pivot len.

Triggers BOS when price crosses the last confirmed swing.

Order Blocks

On BOS, scans the last N bars for the opposite candle (bear for BOS up / bull for BOS down) and draws the OB:

Green = Demand, Red = Supply

Optional: use wicks (high/low) or just the body (open/close).

Mitigation: on first touch the zone fades or hides (per settings).

Invalidation: if price closes beyond the zone, it turns gray or gets removed (per settings).

Midline: 50% line for refined management (partial entries, R/R, etc.).

Internal / External Structure

Two structure layers: Internal (micro, shorter swing) and External (macro, longer swing).

Displays CHoCH/BOS with labels; External lines can be dashed for clarity.

Choose to show Internal, External, or Both.

Key Settings

Structure

Pivot len (swing HH/LL) — pivot sensitivity.

Order Blocks

Lookback N bars for the opposite candle

Use wicks — if on, zone uses high/low; otherwise just the body.

Zone Management

Extend zones to the right

Hide zone after mitigation (touch)

Fade zone after mitigation

Remove zone when invalidated

Show 50% line

Max zones stored

Colors: fill/border for Demand/Supply, 50% line color, Mitigated/Invalidated colors.

General

Only on XAU/GOLD (optional) — restricts execution to symbols containing “XAU”/“GOLD”.

Market Structure (tab)

Internal Swing Length / External Swing Length

Show Internal/External Market Structure (Both / Internal / External)

Colors for bullish/bearish MS

Usage Guide

Recommended timeframes: M5/M15 for entries, H1 for context.

Workflow:

Determine External (macro) direction.

Look for BOS and OB in the same direction on Internal.

Wait for mitigation (touch) inside the OB; the 50% line can be used for conservative entries.

Good confluences: sessions (killzones), volume spikes, extreme RSI, MAs (add as separate indicators if needed).

Visual Conventions

Demand: green; Supply: red.

Mitigated: faded yellow (or hidden if chosen).

Invalidated: gray (or removed).

50% line: gray.

Notes & Limits

Pine v6. Object caps follow TradingView limits (max_* = 500). On long histories, increase “Max zones stored” carefully.

BOS is computed when price crosses the last confirmed swing; some traders prefer “close-only” confirmation (can be customized if desired).

This tool does not auto-generate BUY/SELL signals; it’s a context & zones assistant.

Risk disclaimer: Trading involves risk. This tool is for educational analysis and does not guarantee profit. Use strict risk management (fixed SL, R:R ≥ 1:2, risk < 1% per trade).