Cleverio - Quantower Indicators Help

Order-Block And Imbalance (OBI)

Video Demonstration

Description

Order blocks, also known as order zones or levels, represent significant price areas where numerous market participants simultaneously placed buy or sell orders. These zones can act as support or resistance and serve as key entry and exit points for trades. Imbalance help locate areas on price charts where significant supply and demand imbalances occur.

How It Works

Order blocks are often identified through price action analysis, marked by sudden shifts in market direction or momentum. Imbalance help locate areas on price charts where significant supply and demand imbalances occur.

Chart Settings

obi-settings1.png
  1. "Order-Block"

    1. "Show Order-Block"

    2. "Order-Block"

  2. "Imbalance"

    1. "Show Imbalance"

    2. "Imbalance"

  3. "Historical Order-Block"

    1. "Show Historical Order-Block"

    2. "Historical Order-Block"

obi-settings2.png
  1. "Historical Imbalance"

    1. "Show Historical Imbalance"

    2. "Historical Imbalance"

* For common indicator properties please see Common Indicator Settings

Chart View

chart-obi-indicator.png
Last modified: 24 September 2024