Blue OB (supply): search for short opportunities
Green OB (demand): search for long opportunities
Please be aware: Do not buy and sell from every order block.
You can set two types of alerts:
Some short information about order blocks:
Order blocks are huge institutional buy or sell orders placed over a particular period. During these, the institutional players are looking to build up their positions in the markets.
Fixed Alert Bug
Added clearer code comments
Added ability to change OB Colors
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.