INVITE-ONLY SCRIPT
已更新 OrderBlock_TradingHub
An order block refers to a specific area on chart that represents a significant level of support or resistance where institutional traders have placed large orders. By identifying order blocks, traders can gain insights into the intentions and actions of the smart money participants.
Typically, the order block is represented by the last bullish (bearish) candle before a downtrend (uptrend) initiate. Whereas this indicator is quite different from the existing order block detection tools. It categorizes order blocks into different types (Main order blocks, Unmitigated shadow order blocks and Single candle order blocks), checking the following criteria based on TradingHUB-3 technical method:
1) Take out liquidity
2) Cause imbalance
3) Not to be inside-bar
How it works:
This indicator identifies 3 types of order blocks through the following procedure:
1) Main Order Blocks (Extreme, Decisional, and SMT(smart money trap)):
• Check that the candle is not inside bar.
• Check that the candle has taken out the liquidity beyond the previous candle's high/low.
• Check that the candle has created an imbalance (FVG) after; if not: the order block will be transferred to the first following candle that created imbalance. We check up to three following candles to find any imbalance.
2) Unmitigated Shadow Order Blocks:
• Check that the candle has taken out the liquidity beyond the previous candle's high/low.
• Check that the price has not touched the shadow so far.
3) Single Candle Order Blocks (SCOB):
• Check that the candle is not inside bar.
• Check that the candle has taken out the liquidity beyond the previous candle's high/low.
• Check confirmation:
- If the candle is closed higher/lower than the previous candle high/low, it is confirmed as a SCOB; otherwise:
- Move forward up to a specified number (determined by the user) to find a confirmation candle. A confirmation is a candle that closed higher/lower than the SCOB and its following candles high/low. The SCOB's following candles, and the confirmation candle should not take out the SCOB's liquidity again.
How to use it:
• This indicator can be used in all time frames.
• If the liquidity is taken out in an uptrend (downtrend) market structure, when the price meets the order blocks, we can go to lower timeframes and look for a trigger to enter the long (short) trade.
• It is essential for smart money traders to diagnose the market structure accurately. The "Structure_TradingHub " indicator is recommended for its ability to analyze the market structure effectively.
Indicator options:
• Show/Hide mitigated order Blocks: By this option, the user can choose whether to delete the touched order blocks or trimmed them.
• Show/Hide the unmitigated shadows. They are displayed by dashed lines.
• Show/Hide single candle order blocks: They are displayed by two lines placed above and below the candle.
• Changing the color and style of uptrend and downtrend order blocks.
Typically, the order block is represented by the last bullish (bearish) candle before a downtrend (uptrend) initiate. Whereas this indicator is quite different from the existing order block detection tools. It categorizes order blocks into different types (Main order blocks, Unmitigated shadow order blocks and Single candle order blocks), checking the following criteria based on TradingHUB-3 technical method:
1) Take out liquidity
2) Cause imbalance
3) Not to be inside-bar
How it works:
This indicator identifies 3 types of order blocks through the following procedure:
1) Main Order Blocks (Extreme, Decisional, and SMT(smart money trap)):
• Check that the candle is not inside bar.
• Check that the candle has taken out the liquidity beyond the previous candle's high/low.
• Check that the candle has created an imbalance (FVG) after; if not: the order block will be transferred to the first following candle that created imbalance. We check up to three following candles to find any imbalance.
2) Unmitigated Shadow Order Blocks:
• Check that the candle has taken out the liquidity beyond the previous candle's high/low.
• Check that the price has not touched the shadow so far.
3) Single Candle Order Blocks (SCOB):
• Check that the candle is not inside bar.
• Check that the candle has taken out the liquidity beyond the previous candle's high/low.
• Check confirmation:
- If the candle is closed higher/lower than the previous candle high/low, it is confirmed as a SCOB; otherwise:
- Move forward up to a specified number (determined by the user) to find a confirmation candle. A confirmation is a candle that closed higher/lower than the SCOB and its following candles high/low. The SCOB's following candles, and the confirmation candle should not take out the SCOB's liquidity again.
How to use it:
• This indicator can be used in all time frames.
• If the liquidity is taken out in an uptrend (downtrend) market structure, when the price meets the order blocks, we can go to lower timeframes and look for a trigger to enter the long (short) trade.
• It is essential for smart money traders to diagnose the market structure accurately. The "Structure_TradingHub " indicator is recommended for its ability to analyze the market structure effectively.
Indicator options:
• Show/Hide mitigated order Blocks: By this option, the user can choose whether to delete the touched order blocks or trimmed them.
• Show/Hide the unmitigated shadows. They are displayed by dashed lines.
• Show/Hide single candle order blocks: They are displayed by two lines placed above and below the candle.
• Changing the color and style of uptrend and downtrend order blocks.
發行說明
A Telegram Bot is mentioned for getting access to the indicator.僅限邀請腳本
僅作者批准的使用者才能訪問此腳本。您需要申請並獲得使用許可，通常需在付款後才能取得。更多詳情，請依照作者以下的指示操作，或直接聯絡MoKeNaKa。
TradingView不建議在未完全信任作者並了解其運作方式的情況下購買或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
*********** Get access:
https://t.me/MokeNaKa_bot
*********** Contact us:
mokenaka.invest@gmail.com
Mokenaka.invest@gmail.com
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
僅限邀請腳本
僅作者批准的使用者才能訪問此腳本。您需要申請並獲得使用許可，通常需在付款後才能取得。更多詳情，請依照作者以下的指示操作，或直接聯絡MoKeNaKa。
TradingView不建議在未完全信任作者並了解其運作方式的情況下購買或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
*********** Get access:
https://t.me/MokeNaKa_bot
*********** Contact us:
mokenaka.invest@gmail.com
Mokenaka.invest@gmail.com
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。