OPEN-SOURCE SCRIPT
EMA & Order Block Detector
This TradingView Pine Script indicator, titled "EMA & Order Block Detector," combines the functionality of Exponential Moving Averages (EMA) with an Order Block (OB) detection algorithm. It plots three EMAs (21, 34, and 90 periods) on the price chart, allowing users to observe key trend levels. The Order Block Detector identifies bullish and bearish order blocks based on volume pivot points, using customizable parameters like the volume pivot length and mitigation method (Wick or Close). It also tracks order block formation and mitigation, highlighting potential reversal zones. The script provides alerts for bullish or bearish order block formation and mitigation, helping traders identify high-probability areas for trade setups.
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 publication is governed by House rules. You can favorite it to use it on a chart.
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