Order Blocks MultiTimeframe

This indicator is a refined take on "Order Blocks" also known as "Supply and Demand zones"

This is a PRICE ACTION indicator, demonstrating price action that can result in potential good support/resistance levels for taking a long or short trade as well as exiting positions at 'supply and demand'.

This indicator only displays the body part of order blocks, instead of including wicks that all other Order Block indicators include. That makes this script a much more refined version of all other scripts out there. Not only that, this script can collate multiple timeframes into one indicator, again something other scripts cannot do.

This script indentifies Supply and Demand Order Blocks that are order blocks that pass THROUGH a Fair Value Gap. These powerful blocks can be places of interest for a trade.

The BODY of the order block, and the 0.5 of the order block are key regions for considering a trade, treating that level as either resistance or support.

Important: PLEASE NOTE: This indicator will only show timeframes that are higher than or the same as the current chart timeframe.

For Example, only blocks 12h or higher will show on a 12 hour chart. It will not show 4h blocks on a 12h chart. You would need to go to a 4h chart to see all Order Blocks that are 4h or higher drawn.

There is options to change the colours of the boxes.

There is options to weaken the colour of blocks that have been tapped by a wick and thus partially used up, also called partial "mitigated". Once a block has had a wick or body close over it entirely, the block can be considered fully "mitigated" and will disappear from the indicator.

There is a 0.5 level drawn on each box too which can also be a good entry point.

Please do your own research and backtesting.

It is recommended to combine these levels with other concepts for added confluence. You can combine them with Smart Money Concepts, Market Structure, Fibonnaccis, SMAs, EMAs or any other concept to give added confluence to the support / resistance level identified in blue.

This indicator is not a trading strategy on its own. It is best used in combination with other concepts to improve the success.

Backtesting this indicator is highly recommended and incorporated into a full trading system of your own design. This only identifies possible key regions based on Price Action Strategies.

This indicator simply makes the identification of these hot levels easier and simpler to find, especially across multiple timeframes.

A strong bright blue zone on the indicator can be a stronger level than a weak partial block that is in light blue.


Current Timeframes available include: 1h, 4h, 8h, 12h, 1D, 2D, 3D, 4D, 5D, 1W, 1M


The chart above shows pale Blue blocks as partially mitigated or "tapped" blocks.

The blocks in HOT BRIGHT Blue are untapped and potentially stronger levels for a Long or Short trade.

There are many settings to configure and can be tested for free.



In the settings shown you can configure colours, and what is shown on the chart, tapped levels, 0.5 of levels and more.


See below an example of a HOT BLUE stronger level with a 4,5 Days and 1 Week of blocks in the one area.
https://www.tradingview.com/x/c1408aLI/



See below an example of a weaker blue level. Still valid, but potentially riskier. There is a weaker 1 Week Block in pale blue at the very top of the chart and no other 1 Week or more blocks in that same zone.

https://www.tradingview.com/x/6xiOSVOV/

These indicators make finding these levels much much simpler and easier when combined with a full trading strategy.

FOR USE: Please contact via message here on Trading View. Access provided for a 1 month trial for free and then lifetime for set fee.