INVITE-ONLY SCRIPT

Order Blocks Indicator By ForexBee V.1

Updated

What are Order Blocks:

Order blocks in forex refer to the collection of orders of big banks and institutions in forex trading. The big banks do not just open a buy/sell order but distribute a single order into a check of blocks to maximize the profit potential. These chunks of orders are called order blocks in trading.

Types of order blocks
Order blocks are categorized into two types in trading based on order types.

  • Bullish order block
  • Bearish order block


Bullish order block
When a bullish impulsive wave forms after the break of a ranging market structure or block, it indicates the formation of a bullish order block.
When the price returns to the order block zone, we’ll open buy orders to trade with institutions.

Bearish order block
When a bearish impulsive wave forms after the break of price range or block, a bearish order block forms. We’ll open sell orders from the bearish order block zone when the price returns to this zone in the future.


How to draw an order block zone in trading?

  • To draw an order block, you should first learn to identify the chart’s price range or price block.
  • In the next step, mark the highest point and the lowest point of the price range
  • Draw a horizontal zone meeting the high and low of the order block zone. This will act as an order block zone.

Release Notes
Script Updated
Release Notes
Improved the Zone Logic To make indicator work faster!!
Chart patternsforecastingorderblockorderblockanalysisorderblockbreakorderblock-helperorderblocksorderblocks-helperorderblocksignalssentiment

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact ForexBee for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.

Author's instructions

To Get instant access visit the Link Below. https://forexbee.co/order-block-indicators/ Leave a thumbs up '👍' to Stay Up to date.

Want to use this script on a chart?

Warning: please read before requesting access.

ForexBee
Also on:

Disclaimer