order blocks
auto-detects institutional order blocks using volume pivot analysis and tracks them until price mitigates the zone.
information
order blocks|edgeful.com
what it does
this indicator identifies order blocks using volume pivot analysis - areas where significant institutional buying or selling likely occurred. bullish order blocks form at swing lows with high volume, bearish at swing highs with high volume.
order blocks are drawn as colored boxes that extend forward until price mitigates them (returns to fill). you can configure whether mitigation is detected by wick or close. alert conditions notify you of order block formation and mitigation.
key features
volume-based order block detection
bullish OB at swing lows, bearish at swing highs
automatic mitigation detection and removal
configurable number of visible order blocks
alert conditions for OB formation and mitigation
explainer chart
order blocks|edgeful.com
