RickSimpson

OrderBlox Acc/Dist

Indicator working on the same logic as my other indicator "Institutional OrderBlock Pressure".
But this one uses Accumulation/Distribution as a reference to find OrderBlock instead of Price Action.
This has a much cleaner interface and represents the Zones of OrderBlock by "Box".
It can work in addition to "Institutional OrderBlock pressure".

-It can work on every timeframe and market (where volumes data are availables).
-No need of Alerts for this one.


-Rick
Release Notes: -Code cleaning.
Release Notes: -Code cleaning.
Release Notes: -Minor fix.
Release Notes: -Minor fix
Release Notes: -Updated to Pinescript V5.
Release Notes: -Wick Percentage has been removed cause it was not useful enough.
-Minors improvements.
-Code cleaning.
Release Notes: -Code cleaning.
Release Notes: -Script has been renamed to "Acc/Dist OrderBlock Retracement" according to the fact we are not using "box" to represent detexted OrderBlocks anymore, we are using now the same popular "Lines" algorithm used in our others OrderBlocks indicators. Alerts for 'Top/Bottom Lines Crossed' has also been added.
Release Notes: -Minor improvement.
Release Notes: -Minor improvement.*

Skript med en öppen källkod

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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