💎 GENERAL OVERVIEW Introducing our new Order Blocks Screener! This screener can provide information about the latest order blocks in up to 5 tickers. You can also customize the algorithm that finds the order blocks and the styling of the screener.
Features of the new Order Blocks Screener :
Find Latest Order Blocks Accross 5 Tickers
Latest Status, Restests, Bullish & Bearish Volume
Customizable Algoritm / Styling
📌 HOW DOES IT WORK ? Order blocks occur when there is a high amount of market orders exist on a price range. It is possible to find order blocks using specific formations on the chart. The high & low volume of order blocks should be taken into consideration while determining their strengths. The determination of the high & low volume of order blocks are similar to FVGs, in a bullish order block, the high volume is the last 2 bars' total volume, while the low volume is the oldest bar's volume. In a bearish order block scenerio, the low volume becomes the last 2 bars' total volume.
This screener then finds order blocks accross 5 different tickers, and shows the latest information about them.
Status ->
Far -> The current price is far away from the order block.
Approaching ⬆️/⬇️ -> The current price is approaching the order block, and the direction it's approaching from.
Inside -> The price is currently inside the order block.
Retests -> Retest means the price to invalidate the order block, but failed to do so. Here you can see how many times the price retested the order block.
For the bullish / bearish volume, check the "How Does It Work" section.
🚩UNIQUENESS This screener can detect latest order blocks and give information about them for up to 5 tickers. This saves the user time by showing them all in a dashboard at the same time. The screener shows the number of the retests of the order block as an unique trait. Another unique ability of the screener is that it shows the latest valid order block's bullish and bearish volume in the dashboard.
⚙️SETTINGS 1. Tickers You can set up to 5 tickers for the screener to scan order blocks here. You can also enable / disable them and set their individual timeframes.
2. General Configuration Zone Invalidation -> Select between Wick & Close price for Order Block Invalidation.
Swing Length -> Swing length is used when finding order block formations. Smaller values will result in finding smaller order blocks.
are not showing? and can u add price level in screener where these order blocks are formed. Is this possible to display zones overlay on chart? also can alert be added in it
Many thanks for the series of screeners u r sharing ... As we are limited to use few indicators , can u merge them all in one
THANKS❤️
CrypticInvestments
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Any future plans to add alerts? Great tool so far. Thanks
Indyan
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can u please add one more timeframe. like H4 OB and M15 OB at the same time thanks