The Order Blocks & Breaker Blocks indicator detects order blocks that can be turned into breaker blocks on the chart automatically once mitigated.
Users can determine the amount of bullish and bearish order/breaker blocks that display on their chart from within the settings menu.
🔶 SETTINGS
Swing Lookback: Lookback period used for the detection of the...
Level: 2
Background
The famous R-Breaker is a short-term intraday trading strategy that combines trend and reversal trading methods.
Function
-1) When the intraday highest price exceeds the observed selling price, and the intraday price drops and further breaks below the support line constituted by the reverse selling price, a reversal strategy is adopted,...
Idea
The idea is simple : when market turns around, it traps a bunch of traders off guard. We trade with them, in the same direction of their exit!
Method
We let the market first create a fractal
We then let the market create an opposite fractal
We then let the market break the first fractal it created, thereby trapping lots of trades in the process
...
![NDQ: Order Blocks & Breaker Blocks [LuxAlgo]](https://s3.tradingview.com/p/piIbWMpY_mid.png "Order Blocks & Breaker Blocks [LuxAlgo]")
![300181: [blackcat] L2 Intraday R-Breaker Indicator](https://s3.tradingview.com/f/fYqAT2ys_mid.png "[blackcat] L2 Intraday R-Breaker Indicator")
