Order-Block And Imbalance TF (OBI-TF)

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. The TF in the indicator means that the indicator allows to be installed on a chart of 15m as an example but display order blocks and imbalances of a higher time-frame.

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

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"

4. "Historical Imbalance"

   1. "Show Historical Imbalance"

   2. "Historical Imbalance"

* For common indicator properties please see Common Indicator Settings

Chart View