Order Blocks with signals

In order to trade the order blocks effectively, you have to look for an area on the price chart where the price had a large move. This script automatically draws the order blocks for you, so you don't have to.

Blue OB (supply): search for short opportunities
Green OB (demand): search for long opportunities

Please be aware: Do not buy and sell from every order block.

You can set two types of alerts:
- Buy
- Sell

Some short information about order blocks:
Order blocks are huge institutional buy or sell orders placed over a particular period. During these, the institutional players are looking to build up their positions in the markets.

Versionshinweise:

Updated to PineScript v5

Fixed Alert Bug

Added clearer code comments

Added ability to change OB Colors

Versionshinweise:

Added the option to choose between either closes or wicks as an option for Order Block mitigation

Versionshinweise:

Small bugs fixed

Versionshinweise:

Minor bugs fixed

Versionshinweise:

- Minor Changes

Versionshinweise:

Minor Changes