Order Blocks Indicator By ForexBee V.1
What are Order Blocks:
Order blocks in forex refer to the collection of orders of big banks and institutions in forex trading. The big banks do not just open a buy/sell order but distribute a single order into a check of blocks to maximize the profit potential. These chunks of orders are called order blocks in trading.
Types of order blocks
Order blocks are categorized into two types in trading based on order types.
Bullish order block
Bearish order block
Bullish order block
When a bullish impulsive wave forms after the break of a ranging market structure or block, it indicates the formation of a bullish order block.
When the price returns to the order block zone, we’ll open buy orders to trade with institutions.
Bearish order block
When a bearish impulsive wave forms after the break of price range or block, a bearish order block forms. We’ll open sell orders from the bearish order block zone when the price returns to this zone in the future.
How to draw an order block zone in trading?
To draw an order block, you should first learn to identify the chart’s price range or price block.
In the next step, mark the highest point and the lowest point of the price range
Draw a horizontal zone meeting the high and low of the order block zone. This will act as an order block zone.
Helper
Smart Money BusterAfter daytrading for a while i came into conclusion that price action trading is the most successful way to trade for me and this project was for me to simplify my way of trading at the beginning. Eventually it got big and turned into a very useful helper indicator for me to setup on different pairs for alerts and only look at the charts to decide for entry when the alerts come from 120 different pairs that i set it up. Since i always looked at indicators for a way to make my job simpler and give me more time to do more important things for me rather than drawing lines on different pairs eveyday i think it got to a point where it works to my liking and making me gain time, thus more money.
This indicator uses smart money concepts like Market Structure, Order Blocks, Quassimodo Levels, Structure Breaks, Pumps and Dumps, Imbalances(In the works will be added in first update) to help trader catch what the whales are thinking and how to enter in the right time for swing trading, catching bottoms and tops.
Here are some of the features as of release:
Detects Market Structure and draws zig-zag lines and keeps note of pivot points.
Detects Order blocks and draws boxes when the conditions met
Detects the quassimodo levels and changes the color of the box to signal double confluence meaning stronger signal
Draws structure break lines
Setting to set structure break percentage before drawing boxes to get the boxes drawn if you want to be more 'sure' about the Order Block Levels.
Setting to change depth and backstep values for zigzags to be able to let you fit the system for different time frames.
Setting to set MSB trigger point between High and Low, Close and Open or hl2 values.
Setting to set Signal Triggering Range between Start, Middle and End meaning eg. if you set it to Middle it will wait for MSB trigger point to hit the middle of the box before giving you a signal.
Setting for changing HH-LL pivot points lookback count, 5 as default. Increasing this value will make you compare your pivot points with more data, really useful in lower time frames where will be a lot of zig-zags and highs and lows giving you a method to avoid false signals. Recommended to keep it lower values on 30 min and higher and increase it in lower Timeframes according to market volatility.
Setting to add a Box limit where the box of order block will be set invalid after certain candles and it still didn't trigger. Default value of 0 means it's disabled.
Setting to set Candle volatility percentage value to avoid big candles getting opposite signals on fast pump or dump schemes and bust those market makers schemes. Gotta say this came out really handy in crypto markets :)
As an end you can set alerts for 'Buy' , ' Sell ', ' Buy and Sell' together or if you wish you can connect it to bots via webhook as an entry. Although haven't connected to any bots myself as i think the best method of trading is human and machine working together. Since we have the creativity and out of the box thinking and machines have the ability to brute force calculation and huge bandwith that we don't currently have. At least until Elon Musk turns is into a cyborg, which i am not very eager about.
Planned Features:
- Add ability to detect imbalances(fair value gaps) to add third confluence to detect dragon fruit entries. This will make the system work with triple confluence.
- Add more settings so humans can command the ai better.
- Maybe a strategy version after i write my own dynamic take profit algorithm to give system ability make quantitative decisions based on current position profit levels.
- Although i think i fixed almost all the important bugs if there ever comes up one bugs will take priority for updates.
- And some things i may decide to add later. I will keep working on this project since it works well for me.
And like always, happy trading.
[HELPER] Math Constant Helper█ OVERVIEW
This indicator is to show constant in table using built-in math name space, coded in latest Pine Script version 5.
█ CREDITS
Credits to PineCoders.
█ FEATURES
- Display table by changing table position, font size and color.
[HELPER] Table Color For Pairing Black And White█ OVERVIEW
This helper intend to simplify which color pair better with black or white color, may help some pine coders.
█ INSPIRATION
This color choice was inspired during plot especially user enable dark color theme.
Color displayed at table and label are based on Indicator name label and Indicator last value label displayed at Scales.
█ FEATURES
Color can be tick to be inverted color.
Display table by changing table position and font size.
Zeal Trade HelperOnce you have mastered a trading strategy, risk management is the most important aspect of trading that will enable and long and successful trading career. The Zeal Trade Helper is based on Van Tharp's theory of R. It provides an immediate visual trading plan, as well as sizing parameters for trading equity and options (.25 and .50 deltas) based on a number of inputs to help you avoid needing to do quick mental math in the moment of taking a trade.
HOW TO USE
- First, you will need to input your R value. To find your R value, divide your **average green day** by the **average number of trades you take in a day**. Once you have this number, enter it into the "Your R Value" field in the indicator settings.
- The indicator settings then provides you with 5 different setup entries. When you have your watchlist ready for the day, simply go through and choose the specific stock, enter your entry price, stop loss, target, and setup type (build, short, bounce, or reject).
OUTPUTS
**Trading Plan**
The indicator will display a visual trading plan based on the inputs you entered on each individual stock's chart. The trading plan will have a green box and red box to represent your entry, target, and stop loss.
**Risk Parameters**
The indicator will also display text outlining what your risk parameters and sizing should be for the trade based on your R value. You will see 3 different lines: the first line showing the number of shares you can trade, the second line showing the number of option contracts you can trade at .50 delta, and the third line showing the number of option contracts you can trade at .25 delta. For reference, at the money options are .50 deltas. Even if you aren't trading exactly .50 or .25 deltas, these values will still help as a frame of reference in the moment of putting on the trade.
**Note that you can toggle the appearance of either of these outputs by checking/un-checking the boxes next to "Display trading plan" and "Display risk parameters" in the indicator settings.
Examples:
1. "**240 shares with $1.25 risk**" means you can take 240 shares and risk $1.25 on the share's price based on your R value
2. "**4.8 Cons @ .50 delta with $0.62 risk**" means you can take either 4 or 5 at the money option contracts and risk $0.62 **on the option contract's value** based on your R value
3. "**9.8 Cons @ .50 delta with $0.31 risk**" means you can take either 9 or 10 option contracts that have a .25 delta (a bit out of the money) and risk $0.31 **on the option contract's value** based on your R value
Happy Trading!
Trend Maker Indicator - open publicThe Trend Maker indicator is an advanced technical analysis tool. A feature of the indicator is simple and user-friendly conclusions drawn from a variety of data, including the market price, buy and sell volumes, short-term and long-term trend and corridor, estimated support and resistance levels, and pivot points .
The result of the indicator's operation is the constructed probabilistic forecast of the market price. The forecast contains expectations for price levels, level of risk and level of consolidation. Depending on the selected trading pair and timeframe, the Trend Maker indicator builds a forecast automatically.
There are two types of forecast: forecast of market growth and forecast of market decline. Each forecast contains its own calculated data, indication of the candle on which it was opened, digital and graphical values of expectations.
The Trend Maker indicator has a simple user interface and settings. The indicator is designed to work on the crypto currency market, but it is also suitable for working on the stock and foreign exchange markets.
At the moment, the indicator is optimized for working with the BTCUSDTFUTURES pair on the Binance exchange, and on timeframes of 15 minutes and 1 hour. As the indicator develops and updates, new trading pairs and timeframes will be indicated in the indicator's update log.
The Trend Maker indicator is not financial advice and is not a "loot button". This is a technical analysis tool that is an assistant in trading, but you make all decisions yourself at your own peril and risk.
**********************
Индикатор Trend Maker - это продвинутый инструмент технического анализа. Особенность индикатора - простые и понятные пользователю выводы, сделанные из разнообразных данных, включая цену рынка, объемы купли и продажи, краткосрочные и долгосрочные тренд и коридор, расчетные уровни поддержки и сопротивления, разворотные точки.
Результатом работы индикатора является построенный вероятностный прогноз цены рынка. Прогноз содержит ожидания по ценовым уровням, уровню риска и уровню консолидации. В зависимости от выбранных торговой пары и таймфрейма, индикатор Trend Maker строит прогноз автоматически.
Прогноз бывает двух видов: прогноз рост рынка и прогноз падения рынка. Каждый прогноз содержит свои расчетные данные, индикацию свечи, на которой он был открыт, цифровые и графические значения ожиданий.
Индикатор Trend Maker миеет простой пользовательский интерфейс и настройки. Индикатор предназначен для работы на крипто валютном рынке, однако подходит и для работы на фондовом и валютном рынках.
В настоящий момент индикатор оптимизирован для работы с парой BTCUSDTFUTURES на бирже Бинанс, и на таймфреймах 15 минут и 1 час. По мере развития и обновления индикатора, новые торговые пары и таймфреймы будут указываться в журнале обновлений данного индикатора.
Индикатор Trend Maker не является финансовым советом и не является "кнопкой бабло". Это инструмент технического анализа, являющийся помощником в торговле, но все решения вы принимаете самостоятельно на ваш страх и риск.
Order Block FinderAfter finding a huge amount of use from TV user's wugamlo script Order Block Finder (Experimental) , I decided to make some much needed upgrades! Added support for plotting the last X number of Order Blocks and am currently working on a multi-timeframe version.
If you'd like to contribute to the MTF analysis portion, that would benefit tons of other scripts and open the possibility to more "MTF Panel" style indicators.
Please visit the original script page (link at top) to review how the indicator is used in trading.
[CLX][#02] Registry (type-based)This script only provides a basic __setter and __getter registration function with a type-based limitation.
We don't want to blow the code with additional conditions. The suggestion was to get the basic functionality.
Benefits:
- Get/set/update global-like variables between functions
- No init needed. You can call a entry before you set it.
Get-Functions:
- f_reg_getInt(_key)
- f_reg_getFloat(_key)
- f_reg_getBool(_key)
- f_reg_getString(_key)
- f_reg_getColor(_key)
- f_reg_getLabel(_key)
- f_reg_getLine(_key)
Set-Functions:
- f_reg_setInt(_key, _value)
- f_reg_setFloat(_key, _value)
- f_reg_setBool(_key, _value)
- f_reg_setString(_key, _value)
- f_reg_setColor(_key, _value)
- f_reg_setLabel(_key, _value)
- f_reg_setLine(_key, _value)
Feel free to contribute for an extended version. :)
We hope you enjoy it! 🎉
CRYPTOLINX - jango_blockchained 😊👍
Disclaimer:
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely.
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script.
Buy BTC Helper -* Buy SPOT, sell to USD -Alerts- By Che_TraderThis is the alert version of my strategy
"Buy BTC Helper - Buy SPOT, sell to USD (BTC-ETH) - By Che_Trader"
For more information visit the link below
*****************************************************************************************************************************************************************************
To get access, you can send me a PM here or at a link in the tradingview profile.
*****************************************************************************************************************************************************************************
Multi-Timeframe Configuration DemoThis is a developer friendly solution to the current PineScript limitation of not being able to easily configure presets for multiple timeframes.
If you're developing multi-timeframe strategies then you've no doubt done battle with built-in `input` function which only allows for a single default value. You've probably come up with all kinds of fancy workarounds, including messy hardcoding, and even gritting your teeth and patiently reentering all the necessary values each time you refresh the chart or change the timeframe. The last one is my personal favourite.
As you can see in the code below we have defined a `usePresets` condition which tells the script to use our preset configuration, otherwise the default `input` values will be used. If `usePresets` is false then we use our presets which are defined in a (fairly) easy to read condition chain with the help of some basic timeframe utility functions.
Obviously this is nothing groundbreaking, but its helped me clean up my scripts a bit, so hopefully it will help you too.
Block_Saver_v1This is a script that lets you manually add in a "Zone" by top and bottom price, which I intended to use so I could "Save" or "Trace Over" lines from the Breakers/OrderBlock indicator. This is so you can take the same drawing across different time-frames and charts, and color-code them.
In the future I will be adding labels to the top and/or bottom of blocks so you can annotate more specifically which time-frame they were formed on, price level, etc.
[RS][V4]ZigZag Percent Reversal - Helper - Retrace LevelsA helper script with multiple retrace level options.
[RS]ZigZag Percent Reversal - Helper - Draw Patterns - Part 3Helper script to draw patterns on chart.
[RS]ZigZag Percent Reversal - Helper - Draw Patterns - Part 2Helper script to display patterns on chart.
[RS]ZigZag Percent Reversal - Helper - Draw Patterns - Part 1Helper script to display patterns on chart.
[AN] OrderBlocksEases the find of possible support and resistance areas.
The Orderblock finder allows overlaying blocks from another timeframe
Customizable strength of previous move and extended info pane.
Nexgen Order Block Helper for N-Lab ResercherThis is Nexgen Order Block Helper for Nexgen Lab Resercher.
Only our Lab member can use this.
Thank you and have a nice day.
Nexgen Order Block Helper Ver 0.1.2 By [rEPLAYEr]======
Hello. We have developed a logic named ‘OB Helper’ which helps traders to easily find the Order Block and its EQ level.
📩 For those wanting to use our script please DM us.
======
こんにちは。トレーダーがOrder BlockとそのEQレベルを容易に見つけられるようにする 「OB Helper」というロジックを開発しました。
📩 私たちのスクリプトを使用したい方は、私たちにDMを送ってください。
======
이 스크립트는 수평매물대인 order block과 OB의 EQ를 찾는데 도움을 줍니다.
📩 본 스크립트의 사용과 활용방법에 대한 자세한 문의를 원하시면 DM 주세요
