Order Blocks (Lite & Strict) [VBS]

VictoryByStrategy • Order Blocks ONLY (Lite & Strict) is a clean and focused Order Block indicator designed for traders who prefer clarity over clutter.

Unlike multi-layered “SMC dashboards” that overload the chart with structure, gaps, liquidity, and internal shifts, this script does one thing — and does it well:

Detects strict bullish and bearish Order Blocks based on confirmed swing breaks.

This version is intentionally lightweight:
* Maximum 3–5 active Order Blocks
* Strict mitigation rules
* Dynamic visibility (text only appears when price is inside the zone)
* Automatic invalidation handling
* Clean, professional visual behavior

It is built for traders who want actionable zones without visual noise.

How It Works :

[1] Structure break is detected using confirmed swing pivots (non-repaint pivots).
[2] The last opposite candle before the break defines the Order Block.
[3] The zone remains active until invalidated (based on Close or Wick logic).
[4] When price touches the zone:
[ ]* Header appears dynamically.
[ ]* Status changes to “Mitigated”.
[5] When invalidated:
[ ]* Status changes to “Inv”
[ ]* Box is removed after a configurable hold period.

No unnecessary overlays. No zigzag lines. No excessive filtering.

Just structure → block → reaction.

Best Markets / Pairs
This indicator works best on liquid markets where structure is respected:
Forex
EURUSD
GBPUSD
USDJPY
AUDUSD

Metals
XAUUSD (Gold) → especially strong with strict mitigation
XAGUSD

Crypto
BTCUSD
ETHUSD

Indices
US100 / NASDAQ
US500 / S&P
DAX

It performs best in markets with clear impulsive moves followed by retracements.

⏱ Ideal Timeframes
Scalping / Intraday
5m – 15m
Pivot Length: 7–9
Cooldown: 5–8
Intraday / Swing

1H – 4H
Pivot Length: 10–14
Cooldown: 8–12
Higher-Timeframe Bias Usage

Many traders use:
4H OBs for bias
15m/1H for entries

This script works well in that workflow.

⚙ Recommended Default Settings

For most users:

Swing Pivot Length: 10
Break Source: Close
Max Active OBs: 4
OB Range: Wick
Invalidation: Close
Cooldown: 8
Lookback: 120
Hold Invalidated OB: 3 bars

For more conservative traders:

Increase Pivot Length to 14
Keep Invalidation = Close
For aggressive traders:
Use Break Source = Wick
Lower Pivot Length to 7

Who This Is For

Traders who prefer clean structure-based trading
Smart Money / Order Flow traders
Break & Retest traders
Supply & Demand users who want strict zone invalidation
Traders tired of overly complex SMC scripts