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Spezifikation
develop me an Order block indicator? the premise behind it is,
In short: Order blocks are supply and demand zones but of a different type. They also form in differently; rather than develop from a two or three candle base, they ONLY form from a tight range consolidation, than typical S & D zones
Notice the zone forms when price shoots away from a tight range consolidation – a consolation contained within a small price range.
Because of how they work, order-blocks creates these consolidations.
In general, order blocks form identically to normal supply and demand zones – they form from a sharp rise or decline away from a base like all zones do.
However, the base is ALWAYS a tight range consolidation, like you see below.
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