Institutional Order Block
- Indikatoren
- Agustinus Biotamalo Lumbantoruan
- Version: 1.50
- Aktualisiert: 23 August 2023
- Aktivierungen: 20
This indicator doesn't repaint & shows several things
1) Order Block
2) Imbalance candle stick (the icon is a vertical rectangle)
3) Swings (zigzag), 3 to be exact (minor, major and external major zigzags). If you know market structure, you should understand internal & external trends. Minor & major are internal trends of external major in this indicator.
4) Supply & Demand (arrow icon)
5) Major supply & demand (purple arrow)
6) Range/Bias lines (only shown in time frame 1hour & lower)
7) Previous day's high & low (only shown in time frame 30 minutes & lower)
8) Colored candle that tells the trend based on supply & demand and market structure. If candle color change it means there was a break of structure of the previous trend. So better wait to buy/sell during pull-black. Recommended to use in lower time frames.
9) Color major snd trend line (like super trend) based on supply & demand and market structure. Perfect to be treated as a key level support & resistance
10) Liquidity (water droplet icon)
Order block is plotted with a square icon that has X in it.
Imbalance is plotted with a vertical hollow rectangle
Order blocks are areas on a price chart where significant buying or selling activity has occurred. They represent consolidation or accumulation phases within a market trend. These blocks create temporary equilibrium and often lead to breakouts or breakdowns. Traders use them as reference points for making trading decisions, as price tends to respect these levels as support or resistance. Identification of order blocks is subjective and can be based on factors like price patterns and volume. Traders analyze these blocks to anticipate future price movements and enter or exit positions accordingly.
Imbalance refers to a situation where there is a significant difference between the buying and selling pressure within a market. Imbalances can occur due to various factors such as the entry of large institutional traders, news events, or shifts in market sentiment. Traders who follow ICT methodology pay close attention to imbalances as they indicate potential areas of opportunity. Imbalances often lead to price movements and can be used to identify potential trade setups. By understanding and analyzing imbalances, traders aim to take advantage of these shifts in order flow and capitalize on market inefficiencies.
