Orders Blocks [TK]

2 févr. 2023

This indicator draw only valid orders blocks on your 1 minute Chart

An order block is created when :
A bullish candle engulf a previous bearish candle
A bearish candle engulf a previous bullish candle

Once the order block is created, a zone is stretched to the actual bar

If the price goes into the order block zone, the zone is reduced accordingly
If the price cross the order block zone, the order block and its zone are deleted

This way, you will have on your screen only the orders blocks nevers crossed

You can choose the color of the bearish and of the bullish order block zone in the settings

NB :

• Order block older that 5000 bars are deleted
  
• This indicator works only in the 1 minute timeframe
  

3 févr. 2023

Notes de version

V1.2
The script work on every time frame and will draw the orders blocks from the same timeframe
The code is more efficient and with comments

3 févr. 2023

Notes de version

v1.3 : Add max bar back for the time variable to avoid pinescript run time error

9 févr. 2023

Notes de version

Correction : Multiple orders blocks can now be deleted by only one huge price move

14 févr. 2023

Notes de version

You can choose to alway show the order block of the 1D (One day) timeframe, even if your chart is in a inferior timeframe.
Correction of a minor bug.

28 févr. 2023

Notes de version

Modify max_bars_back for the non premium account

8 mars 2023

Notes de version

V2.0 : You can now force the view of the Order Block from the 1 day and/or 1 hour timeframe if you are in a smaller timeframe
The script draw all the Order Blocks inside the lowest and highest value of the price drawn in the user screen,
and only 1 order block is drawn outside this price range.
The script adapt the number of order blocks to draw if the user change the view.

The way of storing the data is more effective