Volume Impulse Order Blocks | InvrsROBINHOOD

What the Indicator Does
The Volume Impulse Order Blocks indicator is designed to automatically identify and highlight key price zones where significant trading activity occurs, particularly after the market has made a potential bottom. Its primary goal is to visually distinguish between the initial, often institutional-driven market moves ("Smart Money") and the subsequent reactions from the broader market ("Retail").

The indicator watches for two specific volume patterns:

Paired Impulses: After identifying a significant swing low in price, the indicator looks for the first major spike in volume. It marks this as a "Smart Money" zone. It then watches for the next volume spike, which it labels as a "Retail" zone.

Singular Impulses: Sometimes, a single, powerful volume spike occurs on a candle that is the opposite color of the bars immediately surrounding it. The indicator identifies this as a standalone "Smart Money" event, suggesting a strong, isolated market action.

How to Use It in Trading
This indicator provides visual cues that can be interpreted as potential areas of future support or resistance.

Identifying Key Zones (The Boxes):

Smart Money Box (White/Black): This is the most important signal. It highlights a price range where large players may have initiated positions. A white box marks a bullish (up) candle, and a black box marks a bearish (down) candle. Traders often watch these zones closely, as price may react strongly if it returns to test them in the future.

Retail Box (Red): This box shows where the general market likely followed the initial smart money move. While still significant, it represents a secondary reaction.

Extending Boxes: All boxes automatically extend to the right and will only disappear once the price has traded completely through them. This allows you to see which zones have been "respected" and which have been "broken."

Confirmation Signals:

Blue Vertical Line: This thin blue line is a simple pointer that marks the exact candle of the initial "Smart Money" impulse, helping you pinpoint the event in time.

Trend Reversals: The appearance of a Smart Money box after a prolonged downtrend and a pivot low can be an early signal that the trend may be losing momentum and that significant buyers are entering the market.

In practice, a trader might use these boxes as high-probability zones to look for entries, exits, or to simply understand the underlying market dynamics. As with any tool, it is most effective when used in conjunction with other forms of analysis, such as market structure and trend analysis.