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Continuous Trend
Continuous Trend Order Block (CT-OB) Indicator
This indicator is a specialized Smart Money Concepts (SMC) tool designed to identify high-probability Order Blocks (OB) based on a strict "Body-Break" vs. "Wick-Break" validation logic. Unlike standard structure indicators, it distinguishes between genuine trend continuations and simple liquidity sweeps.
Key Logic & Features:
Structure Validation: * Strong OB (Solid Line): Formed when the price breaks a previous structural high/low with a full candle Body Close. This signifies real institutional momentum.
Weak OB (Dashed Line): Formed when the price only breaks the structure with a Wick, which is treated as an Inducement (IDM) or liquidity sweep rather than a trend change.
50% Mitigation Rule: To keep the chart clean and relevant, an Order Block is marked as "Mitigated" (turning grey) only after the price retraces and penetrates more than 50% (Equilibrium) of the OB area.
Automatic TP Targets: Once an entry OB is touched, the script dynamically generates a Thick Yellow Line targeting the nearest Strong Opposite OB as a Take Profit level.
Optimized Performance: Features a customizable "OB Limit" (defaulted to 40) to manage historical data and ensure a clean, clutter-free visual experience.
Aesthetic Design: Uses soft, transparent colors to ensure candle visibility while maintaining professional technical clarity.
This indicator is a specialized Smart Money Concepts (SMC) tool designed to identify high-probability Order Blocks (OB) based on a strict "Body-Break" vs. "Wick-Break" validation logic. Unlike standard structure indicators, it distinguishes between genuine trend continuations and simple liquidity sweeps.
Key Logic & Features:
Structure Validation: * Strong OB (Solid Line): Formed when the price breaks a previous structural high/low with a full candle Body Close. This signifies real institutional momentum.
Weak OB (Dashed Line): Formed when the price only breaks the structure with a Wick, which is treated as an Inducement (IDM) or liquidity sweep rather than a trend change.
50% Mitigation Rule: To keep the chart clean and relevant, an Order Block is marked as "Mitigated" (turning grey) only after the price retraces and penetrates more than 50% (Equilibrium) of the OB area.
Automatic TP Targets: Once an entry OB is touched, the script dynamically generates a Thick Yellow Line targeting the nearest Strong Opposite OB as a Take Profit level.
Optimized Performance: Features a customizable "OB Limit" (defaulted to 40) to manage historical data and ensure a clean, clutter-free visual experience.
Aesthetic Design: Uses soft, transparent colors to ensure candle visibility while maintaining professional technical clarity.
نص برمجي محمي
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إخلاء المسؤولية
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نص برمجي محمي
تم نشر هذا النص البرمجي كمصدر مغلق. ومع ذلك، يمكنك استخدامه بحرية ودون أي قيود - تعرف على المزيد هنا.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.