CandelaCharts - Block Concepts

📝 Overview

Block Concepts is a powerful toolkit inspired by ICT principles, designed to identify and highlight key areas of potential support and resistance. It includes the following block types:

• Order Blocks
  
• Swing Order Blocks
  
• Breaker Blocks
  

The toolkit automatically detects and marks these blocks on the chart, enabling traders to quickly pinpoint critical zones for analysis and decision-making.

📦 Features

The Block Concepts toolkit offers a comprehensive set of features designed to enhance trading precision and decision-making. Key features include:

• MTF
  
• Mitigation
  
• Consequent Encroachment
  
• Filtering
  
• Mode
  
• Positioning
  
• Hide Overlap
  
• Metrics
  
• Volume Activity
  
• Advanced Styling
  

⚙️ Settings

• Show: Controls whether Blocks are displayed on the chart.
  
• Show Last: Sets the number of Blocks you want to display.
  
• Length: Determines the length detection of each Block Type.
  
• Mitigation: Highlights when a Block has been touched, using a different color without marking it as invalid.
  
• Timeframe: Specifies the timeframe used to detect Block. This is MTF functionality.
  
• Mode: Sets the options available for Block detection.
  
• Filtering: Filter Blocks by CHoCH or BOS.
  
• Positioning: Position Blocks based on various options like Full, Middle, Accurate, and Precise.
  
• Buy/Sell activity: Display volume bullish/bearish activity for each Block.
  
• Show metrics: Display volume metrics on the Block.
  
• Show Mid-Line: Configures the midpoint line's width and style within the Block. (Consequent Encroachment - CE)
  
• Show Border: Defines the border width and line style of the Block.
  
• Hide Overlap: Removes overlapping Blocks from view.
  
• Grayscale: Display gray color on all Blocks no matter the bias.
  

⚡️ Showcase

All blocks display their volume by default. Additionally, we provide the option to show plain boxes without volume information.

Order Blocks

Order block is the area in the price chart, where institutional traders execute a large number of orders in the market and the market shows a sudden strong move from that area.

Swing Order Blocks

Swing order blocks occur at significant swing highs or swing lows, often serving as critical levels for trend analysis and trade setups. These blocks are pivotal in determining the next price direction.

Breaker Blocks

Breaker blocks are zones where the price invalidates a previously strong support or resistance area, typically after a failed reversal attempt. These are formed when the price breaks through an order block in the opposite direction.

Mitigated

Plain

Consequent Encroachment


📒 Usage

When the trend is bearish and it approaches a demand zone where you would seek a reversal of price and at that area, the price shifts its structure to the buy-side.

Then you will be looking for the order block at the bottom of the impulse move which changed the market trend.



In a bearish trend, when price forms a bullish order block to attract buyers, you should wait for the price to hunt the stop losses of buyers and break below the bullish order block.

Once the price closes below the low of the bullish order block (sweeping buyers’ liquidity and shifting the market structure), you can mark the broken bullish order block as a bearish breaker block.

To enter a trade, you would wait for the price to retest the bearish breaker block area.

When executing a trade based on a bearish breaker block, your stop loss should be placed above the high of the breaker block.



Combine order blocks and breaker blocks to pinpoint high-probability confluence zones, refine entry and exit points, confirm trend reversals, and enhance overall trading accuracy.



The Block Concepts indicator offers a powerful toolkit for traders looking to navigate the complexities of market structure. By leveraging these concepts, traders can gain a deeper understanding of institutional trading footprints and potential areas of price reaction.

🚨 Alerts

The indicator provides the ability to set alerts for various significant market events related to its core features.

You can configure alerts for the following key events:

• Order Block Formation (+B/-B)
  
• Breaker Block Formation (+B/-B)
  
• Swing Order Block Formation (+B/-B)
  

These alerts ensure you remain informed about crucial market conditions, enabling you to react promptly and refine your trading strategy with timely updates.

⚠️ Disclaimer

These tools are exclusively available on the TradingView platform.

Our charting tools are intended solely for informational and educational purposes and should not be regarded as financial, investment, or trading advice. They are not designed to predict market movements or offer specific recommendations. Users should be aware that past performance is not indicative of future results and should not rely on these tools for financial decisions. By using these charting tools, the purchaser agrees that the seller and creator hold no responsibility for any decisions made based on information provided by the tools. The purchaser assumes full responsibility and liability for any actions taken and their consequences, including potential financial losses or investment outcomes that may result from the use of these products.

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