OPEN-SOURCE SCRIPT

Supply and Demand - Order Block - Energy Candles

Actualizado
Supply and Demand - Order Block - Energy Candles

Description

An experimental script, designed as a visual aid, to highlight the last up or down candle before a fractal break. We can assume these candles where the point of origin that generated enough strength to break recent structure. By using them as reference points, traders are expected to follow their own set of rules and mark higher probability supply and demand zones in the area.

How to use:

Expect a potential retest in these areas, and if they fail, a potential retest in the opposite direction. The greater the number of times a zone is tested, the more likely it is to break. A fresh zone that has not yet been tested will have a higher probability of a bounce.

Fractal period and candle break type can be personalised in settings. Can be used on all timeframes (higher the better).

Indicator in use:

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Extras:

An option to flip candle colours if current price is above or below them has been added.
Notas de prensa
Alert function added
candlecandlecolorCandlestick AnalysisDemand ZoneEnergy CommoditiesorderblockorderblockspriceactionsupplyandemandzonesSupply Zone

Script de código abierto

Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.

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