[astropark] Breaker Blocks, Supply Demand Order Blocks

Jan 13, 2020

Dear Followers,

today a new powerful indicator! Welcome to the great world of Breaker Blocks (BB) and Supply-Demand Order Blocks!

So what's the point? As always, the point is how to trade as safer as possible!

Breaker Blocks are price ranges where you simply have to wait for a pullback and sell-buy on its touch and price bounce, like in the screenshot below:


Supply and Demand are very important concepts, synonymous of Support and Resistance in most cases.
You should never sell whenever near a demand/support zone, unless price breaks through it as too weak. The same for supply/resistance: you should not buy near resistance, as most times you may start a trade with very high losing risk.
Here a screenshot how indicator works showing supply and demand order blocks (just enable them from indicator's option):


This indicator

• can analyze chart based on high-low candle prices or open-close one
  
• can show you Breaker Blocks (BB)
  
• can show you Supply & Demand Order Blocks (OB)
  
• lets you decide if you want to see high-low or open-close range of each OB
  
• lets you edit the analysis window
  
• lets you see local tops and bottoms of price as labels
  

This is a premium indicator, so send me a private message in order to get access to this script.

Jan 13, 2020

Release Notes

Now you can edit lines' width and color!

Jan 22, 2020

Release Notes

Script upgraded again!
Now it highlights more Breaker Blocks (BB) than before!

Mar 22, 2020

Release Notes

Tool enhanced!
Now it's

• easier to spot supply/demand zone, as you can choose to highlight only important levels (high/low, close prices) for supply & demand Order Blocks (OB)
  
• easier to spot breaker blocks zone, for the same reason: draw only the most important levels
  
• easier to change lines' color
  

Dec 12, 2020

Release Notes

Major update: Breaker Blocks, Supply Demand Order Blocks V2 is live!

User can now:

• see Supply/Demand OBs and BB of another timeframe directly in current chart
  
• enable option to Show Trading Suggestions (beta)
  
• disable drawing extension of an OB when it gets broken
  
• set Alerts on Supply/Demand Broken
• set Alerts on Price Testing Successfully (Bouncing) on Supply/Demand OBs
• set Alerts on Price Bouncing on Breaker Blocks, both bullish and bearish scenarios
  

Here below an example on EURUSD 1h chart with supply/demand based on 4h timeframe resolution


Here below an example on BTCUSDT 15m chart with breaker blocks based on 1h timeframe resolution

Mar 2, 2021

Release Notes

• fixed a bug on BB when using resolution
  
• improved input colors for lines
  

Jul 26, 2021

Release Notes

added following resolutions:

• 1 minute
  
• 3 minutes
  
• 4 days
  
• 5 days
  

Nov 10, 2021

Release Notes

Added Alerts on

• New Supply/Demand OB Zone Found
  
• New Bearish/Bullish BB Zone Found
  

Nov 20, 2021

Release Notes

upgrade to pinescript v5

Dec 18, 2021

Release Notes

Released v3.1

• Added more alerts related to Breaker Blocks (when price close inside a BB, when makes a bullish/beraish break or simply makes a bullish/bearish test)
  
• Added Trading Signals related to BB (beta)
  

Nov 11, 2022

Release Notes

added options to

• plot zones from origin candle (option "Plot lines from the start of BB / OB")
  
• plot BB at open-close on the origin candle (close "Open & Close" at option "What to Show about Lines")
  

Sep 15, 2023

Release Notes

small update

Oct 31, 2023

Release Notes

• fixed color selection (transparency inside the block gets kept now)
  
• added alerts on price inside a BB or an OB