Orderblocks

About

This indicator highlights orderblocks on the current timeframe. You can select: - maximum number of inner candles - minimum price range for inner candles - minimum size ratio of outer to inner candles - wick/body ratio of inner candles - max size of OB as % of price - allow OBs which are retested on the first candle after formation Orderblocks are initially shown in blue, and extend until price has closed at least one candle on either side of the orderblock. At this point it turns red and no longer extends. The idea is that if, for example, it provides resistance which is eventually broken through, it will provide support in the other direction. Once it has been passed through in both directions it is likely no longer valid but may still be useful for reference. Version 0.5.0 New features: - Updated for scripting v3