OPEN-SOURCE SCRIPT
Updated ICT MTF Order Block Wicks [MK]
Order Blocks are significant levels that may act as support or resistance to price. Often the wick area is where price may react. The script finds order blocks as per ICT trading system, then plots either the top or bottom wick area to the right side of price. Plotting to the right side of price allows for a cleaner chart. The script is MTF and can display order block boxes for the following timeframes. 5,10,15,30,1hr,4hr,8hr,12hr,D,W,M. Only order blocks of a higher timeframe than the current chart can be shown.
Below shows how order block wicks should be drawn on a 1hr chart NOTE: this is not what the indicator does, its only for explanation.
Below shows the same 1hr order blocks, but shown on a 15min chart NOTE: this is the function of this indicator.
Below shows how order block wicks should be drawn on a 1hr chart NOTE: this is not what the indicator does, its only for explanation.
Below shows the same 1hr order blocks, but shown on a 15min chart NOTE: this is the function of this indicator.
Release Notes
Update to enable OB boxes to stay ahead of price. Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.