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pmk07

Order Blocks

pmk07 Updated   
Candlestick Analysis Pivot Points Trend Analysis
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candlestick pivotpoints trendanalysis
This is experimental Indicator is to help identifying Order Blocks.

It uses not confirmed higher order pivots as Higher Highs (HH) and Lower Lows (LL), finds high/lows that created most recent LL/HH and in case if this high/low are broken it notes candle that broke structure, market structure broke line (MSB) and demand box (candle that created liquidity for the move that broke structure).

Concepts and parts of code used in this study:
1) @rumpypumpydumpy - Higher Order Pivots
Higher Order Pivots
2) @MarkMiddleton2020 - Order Blocks
Order Blocks
Release Notes:
- added labels for pivots
- added ability to select the msb trigger - close&open or high&low
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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