The purpose of this experimental Indicator is to help identifying Institutional Order Blocks.
Often these Order Blocks can be observed at the beginning of a strong move, but there is a significant probability that these price levels will be revisited at a later point in time again. Therefore these are interesting levels to place limit orders (Buy Orders for...
Indicator working on the same logic as my other indicator " Institutional OrderBlock Pressure ".
But this one uses Accumulation/Distribution as a reference to find OrderBlock instead of Price Action.
This has a much cleaner interface and represents the Zones of OrderBlock by "Box".
It can work in addition to " Institutional OrderBlock pressure ".
-It can work...
Lines are Strong Support and resistance , Used to help find buy/sell or take profit zones.
When the lines turn green, these prices are suggest good limit entry prices for longs and shorts.
Default settings are left for scalping on short timeframes
Please note that this is experimental and far from perfect. feel free to play about with the variables in the...
Boxes highlight Strong Support and resistance, Used to help find buy/sell or take profit zones.
Please note that this is experimental and far from perfect. feel free to play about with the variables in the settings, I've Found changing the look back length to 500 or 2000 can give very differnt results.
feel free to comment any suggestions I hope to update this...
The Alpha BOT team has been hard at work developing an official Alpha indicator suite that can be used in most if not all markets and time frames with similar results.
This is indicator #1 in the suite used for Automated Order Block identification which can compliment others in the suite.
We have developed all of the suite indicators with the user in mind...