PROTECTED SOURCE SCRIPT
Continuous Trend
Continuous Trend Order Block (CT-OB) Indicator
This indicator is a specialized Smart Money Concepts (SMC) tool designed to identify high-probability Order Blocks (OB) based on a strict "Body-Break" vs. "Wick-Break" validation logic. Unlike standard structure indicators, it distinguishes between genuine trend continuations and simple liquidity sweeps.
Key Logic & Features:
Structure Validation: * Strong OB (Solid Line): Formed when the price breaks a previous structural high/low with a full candle Body Close. This signifies real institutional momentum.
Weak OB (Dashed Line): Formed when the price only breaks the structure with a Wick, which is treated as an Inducement (IDM) or liquidity sweep rather than a trend change.
50% Mitigation Rule: To keep the chart clean and relevant, an Order Block is marked as "Mitigated" (turning grey) only after the price retraces and penetrates more than 50% (Equilibrium) of the OB area.
Automatic TP Targets: Once an entry OB is touched, the script dynamically generates a Thick Yellow Line targeting the nearest Strong Opposite OB as a Take Profit level.
Optimized Performance: Features a customizable "OB Limit" (defaulted to 40) to manage historical data and ensure a clean, clutter-free visual experience.
Aesthetic Design: Uses soft, transparent colors to ensure candle visibility while maintaining professional technical clarity.
This indicator is a specialized Smart Money Concepts (SMC) tool designed to identify high-probability Order Blocks (OB) based on a strict "Body-Break" vs. "Wick-Break" validation logic. Unlike standard structure indicators, it distinguishes between genuine trend continuations and simple liquidity sweeps.
Key Logic & Features:
Structure Validation: * Strong OB (Solid Line): Formed when the price breaks a previous structural high/low with a full candle Body Close. This signifies real institutional momentum.
Weak OB (Dashed Line): Formed when the price only breaks the structure with a Wick, which is treated as an Inducement (IDM) or liquidity sweep rather than a trend change.
50% Mitigation Rule: To keep the chart clean and relevant, an Order Block is marked as "Mitigated" (turning grey) only after the price retraces and penetrates more than 50% (Equilibrium) of the OB area.
Automatic TP Targets: Once an entry OB is touched, the script dynamically generates a Thick Yellow Line targeting the nearest Strong Opposite OB as a Take Profit level.
Optimized Performance: Features a customizable "OB Limit" (defaulted to 40) to manage historical data and ensure a clean, clutter-free visual experience.
Aesthetic Design: Uses soft, transparent colors to ensure candle visibility while maintaining professional technical clarity.
Script protegido
Este script se publica como código cerrado. No obstante, puede utilizarlo libremente y sin ninguna limitación. Obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script protegido
Este script se publica como código cerrado. No obstante, puede utilizarlo libremente y sin ninguna limitación. Obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.