OPEN-SOURCE SCRIPT

Mitigation Blocks โ€” Lite (ICT) + Arrows + Stats

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๐Ÿ“Œ Mitigation Blocks โ€” Lite (ICT-Based) + Arrows
This indicator detects mitigation blocks based on price structure shifts, inspired by ICT (Inner Circle Trader) concepts. It works by identifying strong impulses and highlighting the last opposite candle, forming a mitigation block zone for potential reversal or continuation trades.
๐Ÿ” Features:
โœ… Automatic detection of bullish and bearish mitigation blocks
๐ŸŸฉ Box visualization with border color change on mitigation (first touch)
๐Ÿ“‰ ATR-based impulse filtering
๐Ÿ“Œ Entry arrows on first mitigation (touch)
๐Ÿ“Š Autoscale anchors for better chart readability
๐Ÿ“ˆ Real-time HUD info panel
๐Ÿ“‰ Backtest-friendly design (stable, deterministic logic)
๐Ÿ› ๏ธ How it works:
Detects swing highs/lows using pivot points.
Confirms impulse candles breaking recent structure.
Locates the last opposite candle as the mitigation block.
Displays a block box until price revisits the zone.
On the first touch (mitigation), the block is marked and arrows are drawn.
๐Ÿ’ก Ideal Use Case:
Apply this on higher timeframes (e.g., 4H) to identify potential limit order zones.
Use the blocks as entry zones and combine with confluence: FVGs, imbalance, S&D, or liquidity levels.
๐Ÿง  Extra Tip:
You can extend this script to include:
Win-rate tracking
Auto TP/SL levels based on ATR
Confluence detection (e.g., FVG, order blocks)

Penafian

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