FIMS Order Block Detection

15 godzin temu

FIMS Order Block Detection indicator is a sophisticated tool designed to identify and visualize order blocks, imbalances, and internal buy/sell activity within the market. It integrates volumetric data with price action, allowing traders to analyze market behavior, pinpoint key areas of interest, and make informed trading decisions.

Key Features
Order Block Detection:

Identifies Bullish and Bearish Order Blocks (OB) based on market structure and volumetric data.
Constructs OB zones with the option to use the candle body ("Full") or a price range based on ATR length ("Length").
Visualization:

Displays bullish OBs in a green-transparent zone and bearish OBs in a red-transparent zone.
Highlights internal buy and sell activity within OBs:
Upper sections (buy activity) are shaded lighter.
Lower sections (sell activity) are shaded darker.
Metrics for OB volumes are displayed, including percentage breakdowns.
Mitigation Analysis:

Tracks OB mitigation using user-defined methods:
Close: OB is mitigated if price closes above or below the OB.
Wick: OB is mitigated if price wicks above or below the OB.
Avg: OB is mitigated if price crosses the average price of the OB.
Overlap Handling:

Ensures clarity by removing overlapping OBs unless the most recent OB is set to preserve.
Custom Alerts:

Alerts for key events:
Bullish OB Formation: A new bullish order block is identified.
Bearish OB Formation: A new bearish order block is identified.
OB Mitigation: Alerts for when bullish or bearish OBs are mitigated.
Price Inside OB: Alerts when the price enters a bullish or bearish OB.
Adjustable Inputs:

Length of OB zones (based on ATR or full candle body).
Display settings for buy/sell activity and OB metrics.
Maximum number of OBs to display.
Text size for OB volume metrics.
Toggle for showing mid-lines within OB zones.
Inputs and Customizations
General Display Settings:

Show Last OBs: Toggle to limit the display of the last few OBs (default: 5).
Show Buy/Sell Activity: Highlights internal activity within OBs.
Show Metrics: Displays OB volume metrics and percentage breakdowns.
Show Mid-Line: Adds a dashed line at the midpoint of OB zones.
Hide Overlaps: Removes older OBs if they overlap with more recent ones.
OB Construction Modes:

Length (default): Uses ATR to determine OB boundaries.
Full: Uses the full candle body.
Mitigation Method:

Close: Based on closing price.
Wick: Based on wick highs and lows.
Avg: Based on the average price of the OB.
Order Block Metrics:

Adjustable text sizes for OB metrics (Tiny, Small, Normal, Large, Huge).
Visualization
Bullish Order Blocks:

Constructed when price pivots higher.
Highlighted in green with transparency for activity visualization.
Bearish Order Blocks:

Constructed when price pivots lower.
Highlighted in red with transparency for activity visualization.
Metrics and Activity:

Display OB volume metrics next to OB zones.
Highlights upper buy activity and lower sell activity.
Usage
Identify Key Zones:

Use OBs to find areas of support/resistance based on institutional buy/sell zones.
Analyze Mitigation:

Evaluate when OBs are mitigated using custom methods (Close, Wick, Avg).
Set Alerts:

Real-time alerts ensure you are notified when:
OBs are formed.
OBs are mitigated.
Price enters OB zones.
Track Activity:

Observe buy/sell activity within OBs to gauge market sentiment.
Adjust Strategy:

Customize settings (length, metrics, visualization) to align with your trading strategy.
Alerts
Bullish OB Alerts:

"Bullish OB Formed"
"Bullish OB Mitigated"
"Price Inside Bullish OB"
Bearish OB Alerts:

"Bearish OB Formed"
"Bearish OB Mitigated"
"Price Inside Bearish OB"