OPEN-SOURCE SCRIPT
Order Blocks - VK Trading
Updated
Order Blocks - VK Trading
This script in Pine Script identifies and highlights Order Blocks, key tools in institutional trading. Designed for traders of all levels, it provides clear and customizable visualization, helping you anticipate market movements with greater accuracy.
Key Features:
User Benefits:
Disclaimer:
This script is an educational and analytical tool. It does not guarantee specific results or eliminate trading risk. Trading in the financial markets involves significant risks; use this script at your own risk.
This script in Pine Script identifies and highlights Order Blocks, key tools in institutional trading. Designed for traders of all levels, it provides clear and customizable visualization, helping you anticipate market movements with greater accuracy.
Key Features:
- Order Block Visualization: Highlights relevant bullish and bearish zones directly on the chart.
- Customizable Settings: Adjust sensitivity, colors, and other parameters to suit your analysis needs.
- Dual Block Detection: Uses two independent settings to cover different market perspectives.
- Visual Alerts: Automatic line drawing for key levels.
- Automatic Clearing: Dynamic clearing of already invalidated blocks.
User Benefits:
- Clear Visual Analysis: Identifies key supply and demand points used by institutions.
- Improved Trading Decisions: Anticipate entry and exit zones more accurately.
- Time Saver: Automates level plotting, allowing you to focus on strategy and execution.
- Strategy Adaptability: Compatible with Smart Money, Wyckoff, and Price Action approaches.
Disclaimer:
This script is an educational and analytical tool. It does not guarantee specific results or eliminate trading risk. Trading in the financial markets involves significant risks; use this script at your own risk.
Release Notes
We've improved your tool for identifying order blocks! Here's what's new:Controlled Block Extension
Order blocks now have a limited extension, keeping your charts cleaner and more focused.
Customizable Volume Display
- Toggle volume visibility with a show/hide option.
- Adjust volume size and position to fit your trading style.
**These changes enhance clarity, flexibility, and usability, making your trading analysis even more effective.
Release Notes
We’ve made a small adjustment to the volume calculation and fixed a bug in the displayed volume.Release Notes
Minor Update: We've added an option to customize the text color when displaying volume, making it easier to adapt to your chart's theme.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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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.