OPEN-SOURCE SCRIPT

OrderBlocks || DeadMoney

502
The DeadMoney script automatically identifies and visualizes Bullish and Bearish Order Blocks on the chart.

It is based on swing detection and highlights rectangular zones where increased buyer or seller activity is likely.
When the price breaks through an order block the zone changes color - Breaker Block

Key Parameters
🔹 Swing Lookback – Determines how far back the script searches for swing points.
🔹 Bullish OB & Bearish OB – Defines how many recent bullish and bearish Order Blocks should be displayed on the chart.

Additional Settings
Show OB Info – Displays the last traded volume before the Order Block formation.
Show OB Mid – Highlights the midpoint of a formed Order Block.
Show Candle Info – Displays current trade data and indicator readings.
└ Includes: MFI, RSI, MACD
Use Candle Body
└ Enabled: Uses open/close prices for Order Block calculations, ignoring wicks.
└ Disabled: Uses high/low prices, making Order Block detection more sensitive to price extremes.

⚠ Disclaimer:
This script is designed to assist with technical analysis but does not guarantee success.
Before using it, make sure you understand the principles of technical analysis, as well as how order blocks work. 🚀

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.