Order Blocks | Flux Charts

4 Jan 2024

💎 GENERAL OVERVIEW
Introducing our new Volumized Order Blocks indicator! This new indicator can render order blocks with their volumetric information. It's highly customizable with detection, invalidation and style settings.



Features of the new Volumized Order Blocks [MTF] indicator :

1. Render Bullish & Bearish Order Blocks
   
2. Enable / Disable Volumetric Information
   
3. Enable / Disable Historic Zones
   
4. Visual Customizability
   

📌 HOW DOES IT WORK ?
Order blocks occur when there is a high amount of market orders exist on a price range. It is possible to find order blocks using specific formations on the chart.

The high & low volume of order blocks should be taken into consideration while determining their strengths. The determination of the high & low volume of order blocks are similar to FVGs, in a bullish order block, the high volume is the last 2 bars' total volume, while the low volume is the oldest bar's volume. In a bearish order block scenario, the low volume becomes the last 2 bars' total volume.

🚩UNIQUENESS
The ability to render the total volume of Order Blocks as well as bullish / bearish volume ratio is what sets this Order Block indicator apart from others. Also the ability to combine overlapping Order Block zones will result in cleaner charts for traders.

⚙️SETTINGS

1. General Configuration
Volumetric Info -> The volumetric information of the Order Blocks will be rendered if activated.



Zone Invalidation -> Select between Wick & Close price for Order Block Invalidation.


Swing Length -> Swing length is used when finding order block formations. Smaller values will result in finding smaller order blocks.

13 Jan 2024

Nota Keluaran

• Fixed a bug that sometimes caused flicker of rendered zones
  

15 Jan 2024

Nota Keluaran

• Added zone count setting
  
• Improved reliability
  

31 Jan 2024

Nota Keluaran

• Added an option to change the text color.
  

28 Feb 2024

Nota Keluaran

• Fixed a rare bug happening with bigger candles.