OPEN-SOURCE SCRIPT

OrderBlocks || DeadMoney

667
The DeadMoney script automatically identifies and visualizes Bullish and Bearish Order Blocks on the chart.

It is based on swing detection and highlights rectangular zones where increased buyer or seller activity is likely.
When the price breaks through an order block the zone changes color - Breaker Block

Key Parameters
🔹 Swing Lookback – Determines how far back the script searches for swing points.
🔹 Bullish OB & Bearish OB – Defines how many recent bullish and bearish Order Blocks should be displayed on the chart.

Additional Settings
Show OB Info – Displays the last traded volume before the Order Block formation.
Show OB Mid – Highlights the midpoint of a formed Order Block.
Show Candle Info – Displays current trade data and indicator readings.
└ Includes: MFI, RSI, MACD
Use Candle Body
└ Enabled: Uses open/close prices for Order Block calculations, ignoring wicks.
└ Disabled: Uses high/low prices, making Order Block detection more sensitive to price extremes.

⚠ Disclaimer:
This script is designed to assist with technical analysis but does not guarantee success.
Before using it, make sure you understand the principles of technical analysis, as well as how order blocks work. 🚀

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.