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MTF Candles - RyanLeeFX.comMultiple Time Frame Candles is a unique script that allows traders to quickly and easily analyze price action candles across multiple time frames all from one chart. Multiple Time Frame Candles eliminates the need for price action traders to change chart time frames when trying to analyze multiple time frames. With this script, traders can easily see the candles from a lower time frame inside candles from a higher time frame. For example, traders can see 1 Hour candles inside Daily candles. Or 5 Min candles inside Hourly candles. Or Daily candles inside Weekly candles. Or Hourly candles inside Daily candles inside Weekly candles. The options for comparing multiple time frame candles on one screen are almost limitless. This script differs from other Multiple Time Frame Candle scripts by displaying the open, high, low and close of the larger time frame candle as well as highlighting the close price due to its proven importance. The ability to quickly analyze multiple time frames from a single chart will make you more confident in your trades as well as save you valuable time during your analysis. Multiple Time Frame Candles is also an amazing script to help beginning to experienced traders better visualize price movement across multiple time frames all from a single chart.
Pine Script® 인디케이터
RyanLeeFX의
2
MTF Deviation - Mtrl_ScientistHi everyone, There are a lot of possible ways to look at markets and find valid patterns. This time, I've looked at how shorter time frames deviate from the overall price consensus. What you're seeing here is a range-bound difference of the lowest time frame from the overall price consensus (baseline), represented as blue line. When lower time frames agree with the baseline, the difference becomes 0. Logically, this difference cannot deviate too much from the baseline, and to quantify that, I've added fib-levels based on a deviation percentage that depends on price volatility and can be adjusted in the settings. How it works: First of all, you need to switch to the 1min time frame to get access to the lowest time frame data. Look at how the blue line follows the support/resistance fib levels. Oversold conditions are usually given by entering the lowest red band, whereas overbought conditions are given by entering the upper red band. However, there are also extreme cases, where the blue line exceeds the set fib levels. In that case, price will reverse with very high likelihood. Alternatively you can also ping-pong between two fib levels for frequent small trades. Note that this indicator doesn't use any security functions to access time frame data. Instead, I found a different way to avoid repainting. At the moment I'm just playing around with this to see how I can improve it. Feedback is very welcome!
Pine Script® 인디케이터
Mtrl_Scientist의
6
MTF Auto Fibonacci LevelsDear traders, It is time to diversify and to "fibonaccify" my developer experience. On the preview you can see the daily chart with fibo levels from 3h timeframe. Features 24 Fibonacci levels 24 timeframes Ability to customize levels Ability to specify a preferred timeframe Supported levels 0 0.236 0.382 0.5 0.618 0.786 1 1.272 1.414 1.618 2 2.272 2.414 2.618 3 3.272 3.414 3.618 4 4.236 4.272 4.414 4.618 4.764 Supported resolutions "1" "3" "5" "10" "15" "30" "45" "60" "120" "180" "240" "300" "360" "420" "480" "540" "600" "660" "720" "D" "2D" "3D" "W" "M"
Pine Script® 인디케이터
everget의
39
MTF Previous Open/Close/RangeThis indicator will simply plot on your chart the Daily/Weekly/Monthly previous candle levels. The "Auto" mode will allow automatic adjustment of timeframe displayed according to your chart. Otherwise you can select manually. Indicator plots the open/close and colors the high-low range area in the background. Hope this simple indicator will help you ! You can check my indicators via my TradingView's Profile : @PRO_Indicators
Pine Script® 인디케이터
PRO_Indicators의
6
Quantum Ribbon Pro📊 WHAT IS QUANTUM RIBBON PRO? Quantum Ribbon Pro is a trend trading system built on a 5-layer adaptive EMA ribbon with multi-timeframe confirmation, advanced risk management, and custom alert automation. It's designed for traders who want clear entries, precise risk control, and the flexibility to automate their trading — all from one indicator. If you've used Quantum Ribbon Lite, this is the full system with HTF filtering, partial take profits, break-even automation, session control, and webhook-ready alerts. 🚀 PRO FEATURES Multi-Timeframe Confirmation Filter your signals using a secondary timeframe for trend alignment. Choose any timeframe from 15m to Weekly. Option to display the MTF ribbon directly on your chart. Partial Take Profits Scale out of positions like a professional. Set TP1, TP2, and final target levels with customizable percentages. The indicator tracks your remaining position size in real-time. Break-Even Protection Automatically move your stop loss to entry price after hitting TP1 or TP2. Lock in gains and let winners run with zero risk. Session Filter Trade only during your preferred market hours. Fully customizable start and end times. Avoid choppy overnight sessions or news events. Custom Alert Templates Four built-in alert formats including JSON for webhook and bot integrations. Or build your own template using placeholders for entry price, stop loss, take profit, position size, and more. Custom Signal Codes Add your own identifiers to each signal for automation workflows. Useful if you're routing alerts to multiple bots or tracking different setups. 🔧 HOW THE CORE SYSTEM WORKS The Ribbon System The indicator uses 5 pairs of EMAs (10 moving averages total) that create colored "clouds" on your chart: Blue/Teal ribbons indicate bullish alignment Red/Pink ribbons indicate bearish alignment Mixed colors indicate neutral or transitional periods The ribbon spacing automatically adjusts from a fast EMA (21) to a slow EMA (60), creating layers that show trend strength and direction. Signal Generation Signals appear when multiple conditions align: For LONG signals: Fast EMAs above slow EMAs Price momentum positive and strong (> 0.5 ATR) Volume above average (> 1.1x) Ribbon confirms bullish state Confidence threshold met MTF trend aligned (if enabled) Within active session (if enabled) For SHORT signals: Opposite conditions apply. Green "BUY" or Red "SELL" labels appear at candle close. All signals confirmed — no repainting. Risk Management Lines Lines appear when you have an active position: White dotted line = Entry price Red dotted line = Stop loss level Green dotted lines = Take profit targets (TP1, TP2, Final TP in Pro) Performance Dashboard The stats table shows: Current position status (In Long/Short or Waiting for signal) Entry, stop, and target prices when in a trade Win/loss record Win rate percentage with color coding ⚙️ SETTINGS Signal Settings Signal Sensitivity (1-10): Controls the minimum time between signals (cooldown period) 1 = 2 bars between signals (most frequent) 5 = 10 bars between signals (balanced) 10 = 20 bars between signals (most selective) Signal Mode: Choose ribbon-based or momentum-based signal generation Risk Management Stop Loss Method: ATR-based or Percentage-based Stop Loss Distance: Determines how stops are calculated Tight = 1.5x ATR from entry Normal = 2.0x ATR from entry Wide = 2.5x ATR from entry ATR adapts to market volatility — tighter in calm markets, wider in volatile markets Take Profit Target: Sets your risk-to-reward ratio 1.5R = Target is 1.5 times your risk 2R = Target is 2 times your risk 3R = Target is 3 times your risk Example: With a $100 stop distance and 2R setting, your take profit will be $200 from entry Partial Take Profits Enable Partial TPs: Turn on TP1 and TP2 scaling TP1 Percentage: How much of position to close at first target (e.g., 50%) TP2 Percentage: How much to close at second target (e.g., 25%) Remaining runs to final TP Break-Even Break-Even Trigger: Choose which TP level moves stop to entry Options: After TP1 / After TP2 / Disabled Multi-Timeframe Enable MTF Confirmation: Filter signals by higher/lower timeframe trend Select from 15m, 30m, 1H, 2H, 4H, Daily, Weekly Display higher/lower timeframe ribbon directly on your chart Session Filter Enable Session Filter: Only generate signals during specified hours Session Start: Set start time (e.g., 09:30) Session End: Set end time (e.g., 16:00) Timezone: Select your local timezone Alerts Alert Format: Choose from 4 formats Standard: Basic signal info Detailed: Full trade parameters JSON: For webhook/bot integrations Custom: Build your own template Custom Template: Use placeholders like {{entry}}, Signal Code: Add custom identifier for automation routing 🎯 RISK MANAGEMENT Stop Loss Calculation Stops are based on ATR (Average True Range) which measures recent price volatility: In quiet markets: Stops are placed closer to entry In volatile markets: Stops are placed further away This adaptive approach helps prevent stop-hunting while maintaining appropriate risk levels. Alternatively, use percentage-based stops for fixed distance regardless of volatility. Take Profit Calculation Targets are calculated as a multiple of your stop distance: If stop is 50 points away and you use 2R, target is 100 points away Maintains consistent risk-reward ratios across all trades Partial Take Profits Scale out of positions to lock in profits while letting winners run TP1: Close first portion (e.g., 50%) at conservative target TP2: Close second portion (e.g., 25%) at intermediate target Final: Remaining position (e.g., 25%) runs to full target Combined with break-even protection, this creates a "risk-free" trade after TP1. Required Win Rates To break even after fees: 1.5R requires ~40% win rate 2R requires ~34% win rate 3R requires ~25% win rate 📊 RECOMMENDED USAGE Timeframes Daily charts show strongest performance in testing 1H, 4H works well with HTF confirmation enabled Lower timeframes generate more signals but reduced quality — use tight filters Markets Works on all instruments: Stocks, Forex, Crypto, Futures, Indices Best suited for trending markets May generate false signals in tight ranges or choppy conditions Use HTF filter to avoid counter-trend trades in ranging markets 🔐 ACCESS Quantum Ribbon Pro is an invite-only indicator. How to get access: Purchase link in Author's Instructions below Provide your TradingView username at checkout Access granted within 24 hours What's included: Lifetime access to Quantum Ribbon Pro All future updates at no extra cost Works on any market (Forex, Crypto, Stocks, Futures, Indices) Questions or support: Email: info@trendlineproject.com Discord: trendline.project 👤 ABOUT Developed by Trendline Project. Free Lite version available for testing core functionality before purchase. No leverage recommendations — risk management is your responsibility. 📌 DISCLAIMER This indicator is a tool to assist your trading decisions, not a guarantee of profits. Past performance does not guarantee future results. Always use proper risk management and never trade with money you cannot afford to lose. You are solely responsible for your trading decisions.
Pine Script® 인디케이터
TrendlineProject의
[EWT] HTF Candle Panel: Advanced Multi-Timeframe ProjectionOverview The HTF Candle Panel is a high-performance utility designed for serious technical analysts who require real-time higher timeframe (HTF) context without the need to constantly switch tabs. This indicator renders a customizable panel of HTF candlesticks directly in the right margin of your current chart, allowing you to monitor the developing price action of a Daily, Weekly, or Hourly candle while navigating the lower timeframe (LTF) noise. Key Features Real-Time HTF Projection: Unlike standard static overlays, this script uses request.security with lookahead logic to ensure the most recent HTF candle updates tick-by-tick in sync with the live market. Fully Customizable Interface: Adjustable Timeframes: Switch between any interval (e.g., watching 1D candles on a 5m chart). Dynamic Positioning: Use the Extra Right Margin Offset and Spacing inputs to perfectly position the panel in your chart's empty space. Two Visual Styles: Choose between Standard (Wicks + Bodies) for a classic look or Box style for a cleaner, modern interface. Smart Background Panel: An optional shaded "container" automatically scales to the High/Low of the projected period, providing a clear visual boundary for your HTF analysis. Price Action Labels: Toggleable labels for the most recent HTF close prices with configurable positioning and colors. Strategic Use Cases 1. ICT & CRT Trading (The "Internal vs. External" Perspective) For traders following Inner Circle Trader (ICT) concepts or Core Range Theory (CRT), understanding where the "HTF Objective" lies is critical. Identify HTF PD Arrays: Easily visualize HTF Order Blocks or Fair Value Gaps (FVGs) as they form on the Daily or 4H level while you look for entries on the 1m or 5m. Bias Confirmation: Keep the Daily candle bias in your peripheral vision to ensure your LTF trend alignments are high-probability. 2. Multi-Timeframe (MTF) Analysis MTF analysis is the backbone of professional trading. This indicator solves the "tunnel vision" problem by providing: The "Micro-to-Macro" Bridge: See if a 15m bullish breakout is actually just a wick-rejection on a 4H candle. Candle Close Anticipation: Monitor the "Fullness" of an HTF candle to predict potential reversals or continuations before they happen on the lower timeframe. How to Set Up Right Margin: For the best experience, go to your Chart Settings > Canvas > Margin > Right and set it to 100 or higher. This provides the "future space" for the panel to reside. Configuration: Use the Extra Right Margin Offset input to push the candles further right if they overlap with your current price action. Developer Best Practices Built on Pine Script v6, this script follows the KISS (Keep It Simple, Stupid) and DRY (Don't Repeat Yourself) principles. It is optimized for performance by executing drawing logic only on the most recent bar (barstate.islast), ensuring your chart remains lag-free even with multiple candles projected.
Pine Script® 인디케이터
YetAnotherTA의
AQPRO Block Force 📝 INTRODUCTION AQPRO Block Force is a powerful trading tool designed to identify and track Orderblocks (OBs) in real-time based on Fair Value Gap (FVG) principles. This indicator employs quite strict yet effective FVG filtering criteria to ensure only significant OBs are displayed, avoiding minor inefficiencies or duplicates within the same impulse or corrective moves. Each OB adapts dynamically to price action and can be categorized as Classic, Strong, or Extreme, based on proprietary conditions and best ideas from SMC (Smart Money Concepts). In addition to plotting Orderblocks, the indicator offers useful filtering systems like an Age Filter to ensure cleanliness of the OB data on the chart and prevent old, irrelevant OBs from obstructing the chart. Users can also enable MTF (Multi-Timeframe) functionality to view OBs from other timeframes, providing a comprehensive analysis across multiple levels of market structure. With extensive customization options, AQPRO Block Force allows traders to tailor the visuals and behavior to fit their specific trading preferences. This indicator does not parse any instituotinal data, order books and other fancy financial sources for finding order blocks nor it uses them for confirmation purposes. Calculations algorithms of order blocks are based purely on current asset's price history. IMPORTANT NOTE: in the sections below term 'quality' will be applied to orderblocks quite a number of times. By 'quality' in the context of orderblocks we mean the reaction of price upon the sweep of orderblock. Basically, if the price reverses after reaching the orderblock, this orderblock is considered to be of high quality. Definition for low -quality orderblock can be deducted by analogy. 🎯 PURPOSE OF USAGE This indicator serves one and only purpose — help traders identify most lucrative institutional orderblocks on the chart in real time. Even though event of price reaching an orderblock cannot be considered as a sole signal in many trading strategies without proper confirmation, such event nevertheless is quite important in SMC-based trading, because when price sweeps OB it usually means, that a reversal will soon follow, but, of course, this is not the case every time. Traders should not expect from this indicator detection of perfect orderblocks, which would surely revese the price on encounter, but they can expect is a time-proven algorithm of determing orderblocks that on average produces more high-quality orderblocks than simple similar tools from open-source libraries. More in-depth advices on the usage will be given in the sections below, but for now let's summarise subgoals of the indicator: Detecting orderblocks filtered through strict FVG validation rules to improve overall quality of orderblocks; Classifying orderblocks as Classic, Strong, or Extreme based on wether or not classic orderblocks pass filtering conditions, which are based on crossing critical price levels and SMC principles like ChoCh (Change of Character); Eliminating clutter and manage chart space with the Age Filter, removing old OBs outside a user-defined age range; Utilizing MTF functionality to track significant OBs from other timeframes alongside current timeframe analysis; Providing traders with customization options for indicator's visuals to help them organize information on the chart in a clean way. ⚙️ SETTINGS OVERVIEW This indicator's customization options allow you to fully control its functionality and visuals. Below is a breakdown of the settings grouped by the exact setting sections and parameters from the indicator: 🔑 Main Settings Show OBs from current timeframe — toggles the display of OBs from the current timeframe on the chart; Show classic OBs — enables or disables the display of Classic OBs; Show strong OBs — enables or disables the display of Strong OBs, which meet the ChoCh-based filter criteria; Show extreme OBs — enables or disables the display of Extreme OBs, which exceed proprietary price level risk thresholds. ⏳ Filter: Age Use Age Filter — toggles the Age Filter, which removes old OBs based on their age; Max Age — sets the maximum age of OBs to be displayed (in bars). OBs older than this value will be hidden; Min Age — sets the minimum age of OBs to be displayed (in bars). OBs younger than this value will not be shown. 🌋 MTF Settings Show MTF OBs — toggles the display of OBs from higher timeframes; Timeframe — select the timeframe to use for MTF OB detection (e.g., 15m, 1h). ⏳ MTF / Filter: Age Use Age Filter (MTF) — toggles the Age Filter for MTF OBs; Max Age — sets the maximum age of MTF OBs to be displayed (in bars); Min Age — sets the minimum age of MTF OBs to be displayed (in bars). 🎨 Visual Settings Classic OB (Bullish) — sets the color for bullish Classic OBs; Classic OB (Bearish) — sets the color for bearish Classic OBs; Strong OB (Bullish) — sets the color for bullish Strong OBs; Strong OB (Bearish) — sets the color for bearish Strong OBs; Extreme OB (Bullish) — sets the color for bullish Extreme OBs; Extreme OB (Bearish) — sets the color for bearish Extreme OBs. 📈 APPLICATION GUIDE Application methodology of this indicator is pretty much the same as with any other indicator, whose purpose is to find and display orderblocks on the chart. However, before actually diving into the guide on application, we want to make a small step back to remind traders of the history of orderblocks as a concept, its limitations and benefits. Orderblocks themselves are essentially just zones of potential institutional interest, which if reached are expected to reverse the price in the opposite direction. 'Potential' is a suitable remark for indicator's success probability, because, as was mentioned above, orderblocks don't guarantee price reversal regardless of quality of the indicator. This is the case for the simplest of reasons — orderblocks are based solely on price history and thus are to be considered a mathematical model , degree of success of which is never 100%, because all mathematical models abide by a "golden rule of trading" : past performance doesn't guarantee future results. However, the extensive history of orderblocks clearly shows that this tool, despite being decades old, can still help traders produce market insights and improve any strategy's performance. Orderblocks can be used both as a primary source of signals and as confirmation tool, but from our experience they are better to be used as confirmation tool. Our indicator is not an exception in this matter and we advice any trader to use it mainly for confirmation purposes, because use-case of orderblocks as confirmation tools have much success stories on average than being used as primary signal source. This being said, let's return to the application guide and start reviewing the indicator from the most basic step — how it will look like when you first load it on your chart: This indicator consisis of 3 main logic blocks: Orderblock evaluation; MTF Orderblock evaluation; Orderblock post-filtering. The principles behind these logic blocks will be easy to understand for truly experiences traders, but we understand the need to explain them to a wider audience, so let's review each of these logic blocks below. ORDERBLOCK EVALUATION Principles behind our orderblock detection logic are as follows: Find FVG (Fair Value Gap) . Note: this indicator uses only three-candle FVGs and doesn't track FVGs with insidebars after third (farther) candle. If you don't know what FVG means, we recommend researching this term in the Internet, but the basic explanation is this: FVG is the formation of candles, which are positioned in a way that there are an unclosed price area between 1st and 3rd candle. Conditions: bullish FVG = high of 3rd candle < low of 1st candle AND high of 3rd candle < close of 2nd candle AND high of 2nd candle < close of 1st candle AND low of 3rd candle < low of 2nd candle ; bearish FVG = low of 3rd candle < high of 1st candle AND low of 3rd candle > close of 2nd candle AND low of 2nd candle > close of 1st candle AND high of 3rd candle > high of 2nd candle . See visual showcase of valid & invalid bullish & bearish FVGs on the screenshot below: As was shown on the screenshot above, the only correc t formation for FVGs are considered to be just like on pictures 1 and 2 (leftmost column of patterns) . Only these formations will take part in further determenings orderblocks. Send FVGs through filtering conditions. This is the truly important part. Without properly filtering FVGs we would get huge clusters of FVGs on the chart and they will not make sense to be reviewed, because there will be just too much of them and their quality will be very questionable . Even though there is a quite number of ways to filter FVGs, we decided to go with the ones we deem actually useful. For this indicator we chose two methods, that work in tandem — 1) base candle's inside bar condition and 2) single appearance on current impulse/correction line. Let's review these conditions below and start with looking at the examples of them on the screenshot below: Examples of 1st & 2nd conditions are displayed on the left and right charts respectively. The filtering logic in 1st and 2nd is quite connected and further explanation should help you understand it just enough to start trading with our indicator. Let's start with explaining the term 'base candle' and logic behind it. Base candle candle be explained quite shortly: it is the latest candle on the chart, whose high or low broke previous base candle's high or low respectively. The first candle in the time series of price data is by default considered the base candle. If any new candle after base candle doesn't overtake base candle's high or low (meaning, that this candle is inside the range of base candle), such candle is called an "inside bar" . Inside bar's term is important to understand, because FVGs, which appear inside the inside bars are usually quite useless, because price doesn't react from them, so orderblocks with such FVGs are also of bad quality as well. Clear depiction of inside bar was provided in the screenshot of conditions above on the left chart, so we won't waste time making another example. However, this is not it. Base candle, inside bars and a few other types of bars are all a part of SMC ideas and in the world of SMC there is a special term, that hold the most important place and is considered the cornerstone of SMC methodology — impulse/correction lines (valid pullbacks) . The average definition of impulse/correction lines is quite hard to understand for an average trader, but we can summarise like this: Impulse/correction line is a line, that starts at the beginning of the sequence of base candles, each new candle of which consistently updates previous base candle's respective high/low. We won't go into description of this principle because it is outside of scope of this indicator, but you can research this topic in the Internet by keywords ' impulse correction trading ' or 'valid pullback principles trading '. The general idea of usage of impulse/correction lines in the context of this indicator is that each such lines 'holds' inside at least one FVG and we need to find exactly the first FVG, while leaving all other FVGs behind, because they to be of worse quality on average. Basically, by using translating these terms into conditions from example above, we have achieved a simple yet powerful filtering system. system for FVGs, which allows us to work with orderblocks of much higher quality than average open-source indicators. If FVG passed filters, evaluate its OB. When FVG is confirmed, we can start the evaluation of its orderblock. The evaluation of orderblocks consists of several checkpoints: 1) is orderblock beyond current ChoCh* AND/OR 2) is orderblock from extreme price levels, calculated by our proprietary risk system. Let's review these checkpoints below. * ChoCh (Change of Character, fundamental SMC idea) — price level, which if broken by close of price can potentially cause a revesal of the trend to direction opposite to the the previous one. To learn more about ChoCh please research the term on the Internet, because this indicator uses its standard definition and explaining of this term goes beyond the scope of this indicator. To determine if orderblock is beyond current ChoCh levels, we need to first determine where these levels are on the chart. ChoCh levels of this indicator are calculated with a very lite approach, which is based on pivot points. You can see basic demonstration of ChoCh levels in action on the screenshot below: IMPORTANT NOTE: pivot period for pivots points inside our indicator is by default equal to 5 and cannot be changed in settings at the moment of publication. On the screenshot above you can clearly see that ChoCh levels are essentially highest/lowest pivot point levels in between certain range of bars, where price doesn't update its extremum. You can see on there screenshot a new type of line — BoS (Break of Structure). BoS is almost the same thing as ChoCh, but with one change: it is a confirmation of price updating its extremum in the same direction as it was before, while ChoCh updates price extremum in the direction opposite to which it was before . Why do these levels matter when evaluating the orderblocks? Orderblocks, which are located beyond current BoS/ChoCh levels, are of much higher quality on average than average orderblocks and they are called Strong Orderblocks . On the chart such orderblocks are marked with 'Strong OB' label inside the body of an orderblock. You can see the examples of Strong OBs on the screenshot below: That was the explanation of the 1st orderblock evaluation criteria. Now let's talk about the 2nd one. Our 2nd evaluation criteria for orderblocks is a test on whether or price is behind specific price level, which is calculated by our proprietary risk system, which is based on fundamental of statistics, such as 'standard deviation' and etc. This criteria allows us to catch orderblocks, which are located at quite extreme price levels, and mark them on trader's chart explicitly. Orderblocks, which are above our custom price levels, are called Extreme Orderblocks an are marked with 'Extreme OB' label inside orderblock's body. You can see the example of Extreme OB on the screenshot below: That was the explanation of the 2nd evaluation criteria of the orderblock. If an orderblock doesn't pass any of these two criterias, it is considered a classic orderblock. These orderblock are most common ones and have the lowest success rate among other types of orderblocks, listed above. Such orderblocks are marked with 'OB' label inside the orderblock's body. You can see the examples of classic OB on the screenshot below: This is it for orderblock evaluation logic. After doing all these steps, all orderblocks that we found are collected and displayed on the chart with their bodies and label marks. What happens after the detection of the orderblocks? All active orderblocks are being tracked in real time and their statuses are being updated as well (Strong orderblock can become Extreme orderblock and vice versa) . By an active orderblock we mean an orderblock, which wasn't swept by price's high or low. Bodies of active orderblocks are prolonged to the next candle on each new candle. If an orderblock was swept, indicator will stop prolonging this orderblock and will mark it as swept on the chart with almost hollow body and dashed border line of the orderblock's body. Also swept orderblocks lose their name label, so you won't see any text in the orderblock after it was swept, but you will see its colour. You can see the example of an active & swept orderblocks on the screenshot below: This functionality helps distinguish active orderblocks from swept ones (inactive) and make more informed decisions. MTF OB EVALUATION Principles of MTF OBs evaluation are exactly the same as they are for current timeframe's OBs. MTF OBs are displayed on the chart in same way as other OBs, but with one little change: to the right side of MTF OB's status will be postfix of the timeframe, from which this OB came from. Timeframe for MTF OBs can be chosen by user in the settings of the indicator. MTF OBs also preserve their statuses (Strong, Extreme and Classic) when displayed on the current timeframe, so you won't stack of mistakenly marked MTF OBs as Extreme just because they are far away from the price. You can see the example of MTF OBs on the screenshot below: Also MTF OBs when swept lose only their name label, but the timeframe postfix will still be there, so you could distinguish MTF OBs from OBs of the current timeframe. See the example of swept MTF OBs below: Overall MTF orderblocks is a very useful to get a sense of where the higher timeframe liquidity reside and then adjust your strategy accordingly. Taking your trades from the place of high liquidity, like orderblocks, doesn't guarantee certain solid price reaction, but it definitely provides a trader with much a greater change of 1) catching a decent price move 2) not losing money white trading against institutional players. As was stated above, we recommend using this tool as a confirmation system for your main trading strategy, because its usage as primary source of signals in the long-run is not viable, judging from historical backtest results and general public opinions of traders. ORDERBLOCK POST-FILTERING To enhance filtering capabilities of this indicator even further, we decided to add two filters, which would help reduce the amount of bad and untradeable orderblocks. These two filters are 1) age filter and 2) cancellation filter. Let's review both of them below. Talking about the age filter , this filter was designed to help get rid of old orderblocks, which clutter the chart with visual noise and make it harder to find valueable orderblocks. This filter has to parameters: min age and max age . What does age mean in the context of an orderblock? It is the distance between OB's left border's bar and current bar. If this distance is between min age and max age values, such orderblock is considered valid and age filter passes it for further evaluation, but this distance is too short or too long, age filter deletes this orderblock from the chart. You can the example of an orderblock which didn't pass age filter requirements and was deleted from the chart on the screenshot below: It is important to mention that the missing orderblock from the right chart will be appear on the chart right when its age will exceed min age parameter of age filter. The principle of work for max age parameter can be deducted by analogy: if the orderblock's age in bigger than max age value of age filter, this orderblock will be deleted from the chart . For MTF OBs we decided to their own age filter, so that it won't abide by current timeframe's restrictions, because MTF OBs are usually much older than OB from current timeframe, so they would deleted a lot of time before they even appear on the chart, if they would abide by the age filter of current timeframe. Default parameters of age filter are "max age = 500" and "min age = 0" . "Min age = 0" means that there is restrictions on the minimum age of orderblocks and they will appear on the chart as soon as the indicator validates them. That was the explanation of the age filter. Talking about the cancellation filter , this filter was intended to spot orderblocks which were extremely untradable and visually alert traders about them on the chart. In this indicator this filter works like this: for each orderblock cancellation filter creates a special price level and checks if it was broken by the close of price. This special price level consists of the farthest border. of the orderblock ( top border for bearish OBs and bottom border for bullish OBs) and a certain threshold, which is added to the farthest border. This threshold is based on the current ATR value of the asset. This filter helps detect the orderblocks which should not be considered for trading, because price has already went too far beyond the liquidity of this orderblock. Orderblocks, which are spotted by this filter, are marked with '❌' emoji on the price history. You can see the example of an orderblock which was spotted by the cancellation filter in the screenshot below: This filter is applied to both current timeframe and MTF timeframe and is NOT configurable in the settings. 🔔 ALERTS This indicator employs alerts for an event when new signal occurs on the current timeframe or on MTF timeframe. While creating the alert below 'Condition' field choose 'any alert() function call'. When this alert is triggered, it will generate this kind of message: // Alerts for current timeframe string msg_template = "EXCHANGE:ASSET, TIMEFRAME: BULLISH_OR_BEARISH OB at SWEPT_OB_BORDER_PRICE was reached." string msg_example = "BINANCE:BTCUSDT, 15m: bearish OB at 170000.00 was reached." // Alerts for MTF timeframe string msg_template_mtf = "EXCHANGE:ASSET, TIMEFRAME: BULLISH_OR_BEARISH MTF OB at SWEPT_OB_BORDER_PRICE was reached." string msg_example_mtf = "BINANCE:BTCUSDT, 15m: bearish MTF OB at 170000.00 was reached." 📌 NOTES These OBs work on any timeframe, but we would advise to to use on higher timeframes, starting from at least 15m, because liquidity from higher timeframe tends to be much valuable when deciding which orderblock to take for a trade; Use these OBs as a confirmation tool for your main strategy and refrain from using them as primary signal source. Traders, which use SMC-based strategies, will benefit from these orderblocks the most; We recommend trading only with Strong and Extreme orderblocks, because they are proved to be of much greater quality than classic orderblocks and they work quite well in mid-term and long-term trading strategies. Classic orderblocs can be used for short-term trading strategies, but even in this case these OBs cannot be blindly trusted; We strongly advise against take for a trading orderblocks, which were spotted by cancellation filter, because they are considered to be voided of liquidity; Don't forget that you can toggle different types of OBs, MTF settings and visual settings in the settings of the indicator and fine-tune them to your liking. 🏁 AFTERWORD AQPRO Block Force is an indicator which designed with idea of helping trading save time on automatically detecting valuable orderblocks on the chart, evaluate their strength and filter out bad orderblocks. These employ the best principles of SMC, including FVGs, valid pullbacks and etc. FVGs play the key role in validating the existence of a particular orderblock and work in tandem with valid pullback to determine the maximum amount of true FVGs even in the most cluttered impulse/correction moves of the price. Our filters — Age Filter and Cancellation Filter — enhance the quality of the orderblocks by allowing only the newest and liquid orderblocks to appear on the chart. Additional MTF functionality allow trader to see orderblocks from other timeframe, which can be chosen in the settings, and get a sense of where the global liquidity resides. This indicator will be a useful confirmation tool to any trading strategy, but the SMC traders will surely get the most benefits out of it. ℹ️ If you have questions about this or any other our indicator, please leave it in the comments.
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