Institutional Order Flow StrategyLa strategia implementata è denominata "Institutional Order Flow Strategy" e si basa sull'identificazione di Order Blocks e su specifiche condizioni di ingresso e uscita per le posizioni long e short. L'idea è di identificare i livelli dove operano i bot degli istituzionali, poi attraverso degli obbiettivi di profitto individuali, piazzare tre livelli di profitto atteso.
Ecco una spiegazione dettagliata delle varie sezioni del codice:
1. Impostazioni di Input
Input Session: Imposta una sessione di trading dalle 09:30 alle 16:00.
Lookback Period: Periodo di osservazione di 20 barre per identificare gli order blocks.
Target Percentuali: Tre obiettivi di profitto (Target 1, Target 2, Target 3) espressi in percentuale rispetto al prezzo medio di ingresso.
2. Identificazione degli Order Blocks
Il codice calcola i massimi e minimi più alti e più bassi nel periodo di lookback specificato:
Order Block Buy: Viene identificato come il massimo più alto quando la barra precedente è bearish (chiusura < apertura) e la barra corrente è bullish (chiusura > apertura).
Order Block Sell: Viene identificato come il minimo più basso quando la barra precedente è bullish e la barra corrente è bearish.
3. Logica di Ingresso
In Session: Verifica se il tempo attuale è all'interno della sessione di trading specificata.
Condizioni di Ingresso Long e Short:
Long: La chiusura deve essere superiore all'order block di acquisto e deve essere all'interno della sessione.
Short: La chiusura deve essere inferiore all'order block di vendita e deve essere all'interno della sessione.
4. Entrate nella Strategia
Se le condizioni di ingresso sono soddisfatte, vengono aperte posizioni long o short:
strategy.entry("Long", strategy.long) per le posizioni long.
strategy.entry("Short", strategy.short) per le posizioni short.
5. Calcolo degli Obiettivi per Scalare le Uscite
Per ogni posizione aperta, vengono calcolati tre obiettivi di prezzo per il take profit, basati sul prezzo medio di ingresso:
Long Targets: Calcolati aggiungendo le percentuali specificate al prezzo medio di ingresso.
Short Targets: Calcolati sottraendo le percentuali specificate dal prezzo medio di ingresso.
6. Logica di Uscita con Scalabilità
Quando ci sono posizioni aperte, vengono impostate le uscite:
Per le posizioni long, si esce dal 50% della posizione al Target 1, il 30% al Target 2 e il 20% al Target 3.
Per le posizioni short, la logica è simile, ma si esce a target di prezzo calcolati in senso inverso.
7. Visualizzazione degli Order Blocks
Infine, il codice visualizza gli order blocks sul grafico:
L'order block di acquisto viene tracciato in verde.
L'order block di vendita viene tracciato in rosso.
Conclusione
In sintesi, questa strategia di trading cerca di sfruttare i movimenti di mercato basati sugli order blocks, impostando condizioni di ingresso e uscita chiare, insieme a obiettivi di profitto scalabili.
Order-blocks
Predictive Order Blocks [CryptoSea]The Predictive Order Blocks Indicator is a unique and innovative tool that enhances market analysis by identifying support and resistance blocks based on standard deviations from a median line. Unlike traditional indicators that rely solely on the close price, this indicator leverages the median line and standard deviations to form areas of interest, rather than targeting a single price point. This approach provides a more accurate representation of market structure, especially during periods of consolidation and expansion.
Key Features
Multi-Term Length Analysis: The indicator offers short, medium, and long-term settings, allowing traders to customise the analysis based on their preferred trading strategy and timeframe. This flexibility ensures that the tool is adaptable to various market conditions and trading styles.
Standard Deviation-Based Order Blocks: The core functionality of the indicator revolves around calculating standard deviations from a median line to form support and resistance blocks. These blocks provide a clearer and more reliable picture of market structure compared to single-point levels. By focusing on areas rather than exact price levels, the indicator helps traders identify zones where price is likely to react, leading to more informed trading decisions.
Dynamic Box Creation: The indicator dynamically creates breakout boxes based on user-selected standard deviation ranges. These boxes are formed at the start of market expansion following periods of consolidation. This feature is particularly useful because it highlights key levels where price is likely to retrace after breaking out, providing traders with actionable insights during market transitions.
Proximity-Based Gradient Colors: The indicator features gradient colors that change based on the price's proximity to the standard deviation bands. This visual aid helps traders quickly assess the current market condition and the potential significance of the support and resistance blocks.
Adaptive Display Options: To accommodate different trading preferences, the indicator includes options to toggle the display of the trend line (median line) and the standard deviation bands. This flexibility allows traders to customise their chart view to match their analysis style, whether they prefer a more clutter-free view or a detailed breakdown of market levels.
In the example below, the indicator shows the bands compressing during a period of consolidation, highlighting the potential for a breakout.
How it Works
Median Line Calculation: The indicator calculates the median line using a user-defined period. This line serves as the central reference point from which the standard deviations are calculated. By using the median line instead of just the close price, the indicator provides a more stable and reliable baseline for identifying support and resistance areas.
Standard Deviation Bands: Around the median line, the indicator calculates multiple standard deviation bands. These bands represent areas where price is statistically likely to find support or resistance. By focusing on these areas, traders can better anticipate where price might react, rather than relying on arbitrary levels.
Dynamic Box Creation and Expansion Detection: The indicator monitors the compression and expansion of the standard deviation bands. During periods of low volatility (squeeze), the bands compress, indicating consolidation. Once the bands start expanding, it signals the potential for a breakout. At this point, the indicator dynamically creates predictive order blocks based on the selected standard deviation range. These blocks highlight key levels where price might retrace or react, providing traders with valuable entry and exit points.
Color-Coded Proximity Alerts: To further enhance usability, the indicator uses color gradients to indicate how close the current price is to the calculated bands. This visual representation helps traders quickly assess the potential significance of the price's current position relative to the support and resistance areas.
In the example below, the indicator shows the bands expanding with the price, triggering the formation of the predictive order block.
In the final example, the price retraces into the order block before bouncing back to the upside, demonstrating the effectiveness of the identified support area.
Alerts
Trend Line Alerts: The indicator provides alerts when the price crosses above or below the trend line (median line). This feature is crucial for traders looking to identify potential trend changes early, allowing them to act quickly on emerging opportunities.
Band Alerts: Alerts are also triggered when the price crosses above or below the upper or lower bands for each standard deviation level. This helps traders identify potential breakout or breakdown scenarios, ensuring they are notified of significant market movements as they happen.
Customisable Alert Conditions: To cater to different trading strategies, the indicator allows users to set alert conditions for each standard deviation band and the trend line. This level of customisation ensures that traders receive alerts that are relevant to their specific trading style and market analysis.
Application
Strategic Decision-Making: The Predictive Order Blocks Indicator assists traders in making informed decisions by providing detailed analysis of potential breakout zones. By identifying key support and resistance areas, the indicator helps traders plan their entries and exits with greater precision.
Trend Confirmation: The indicator reinforces trading strategies by identifying key levels where price is likely to react. This confirmation is crucial for traders looking to enter trades with higher confidence.
Customized Analysis: The indicator adapts to various trading styles with extensive input settings that control the display and calculation of order blocks. Whether you're a day trader, swing trader, or long-term investor, the indicator can be tailored to meet your specific needs.
Visual Clarity: With customizable color settings and display options, the indicator enhances chart readability, allowing traders to quickly and easily interpret market data.
The Predictive Order Blocks Indicator by CryptoSea is an invaluable addition to a trader's toolkit, offering depth and precision in market trend analysis to navigate complex market conditions effectively.
Pivot Order Blocks// How it Works \\
Order Blocks based on pivot reversal candle
When a pivot High or Pivot Low is found and confirmed, a box will be plotted on the open and close values of that pivot candle
// Settings \\
In the settings you have the ability to change the distances required to confirm an pivot High or Low
These are the lengths where the script checks to see if it is at its local high or low.
You also have the ability to change the amount of candles the box stretches over as well as the colors of the bullish and bearish boxes
// Use Case \\
Pivot points often provide Support and Resistance points on their own,
one way of marking up order blocks is by taking the pivot candle and marking that up as a resistance area where you could be looking for price to reverse
// Suggestions \\
Happy for anyone to make any suggestions on changes which could improve the script,
// Terms \\
Feel free to use the script, If you do use the script could you please just tag me as I am interested to see how people are using it. Good Luck!
BB Order BlocksUsing the Bollinger Band to mark areas of Support and Resistance
The scrip finds the highest and lowest levels of the bands to mark up futures areas of interest.
If the High/Lows are being broken on the Bollinger band, or if the look back range has expired without finding new levels, the script will stop plotting them until new levels are found
I have found many combinations which work well
Changing the band length to to levels 20,50,100 or 200 seem to give interesting results
Aswell as this changing the standard deviation to 3 instead of 2 marks up key levels.
The look back range seems to show better levels on 50,100 and 200
Let me know any changes or updates you think you could make an impact , this was just a quick basic script I wanted to share.
