CandelaCharts - Breaker Blocks📝 Overview
Breaker Blocks are a powerful concept popularized by ICT (Inner Circle Trader) and widely used in Smart Money Concepts (SMC) trading. A Breaker Block is essentially a "failed" order block. It forms when the market sweeps a prior high or low to grab liquidity, but then sharply reverses and breaks the pivot that initiated the sweep. The original order block that caused the liquidity sweep then becomes a high-probability mitigation zone—known as a Breaker Block.
Our CandelaCharts - Breaker Blocks indicator automatically identifies these complex market structures, drawing the original order block and extending the active Breaker Block zone to help you anticipate high-probability reversals and continuation setups.
📦 Features
Automated Detection : Instantly identifies both Bullish and Bearish Breaker Blocks by analyzing pivot sweeps and structural breaks.
Visual Clarity : Highlights the original Order Block (gray by default) and extends the mitigated Breaker Block zone (colored) for easy visual reference.
Mean Line : Automatically draws a dotted mean (50%) line inside the breaker block, a key sensitivity level for price reactions.
Overlap Management : Optionally removes overlapping breaker blocks to keep your chart clean and focused on the most relevant zones.
Dynamic Clean-up : Automatically removes mitigated blocks once price breaks and closes completely through them.
Dynamic Ranking & Shading : Calculates a robust 0-100 score based on Volume, Block Size, Sweep Depth, and Displacement. Ranks range from Prime (highest) to Weak (lowest), and the zone's visual opacity dynamically scales to highlight stronger setups.
⚙️ Settings
Bias : Filters the detection to show "Neutral" (both directions), "Bullish" only, or "Bearish" only.
Max Blocks : Limits the maximum number of active breaker blocks displayed simultaneously on the chart.
Pivot Lookback : Adjusts the lookback period for detecting Pivot Highs and Lows. Increase this value to detect major, higher-timeframe structural breakers, or decrease it for minor, short-term breakers.
Bullish / Bearish Colors : Fully customize the colors for both the historical Order Block zone and the active Breaker Block zone.
Remove Overlaps : When enabled, the script will automatically filter out and remove overlapping breaker zones, leaving only the most distinct blocks.
Show Rank : Toggles the display of the rank text appended directly to the block name (e.g., "Breaker Block (Premium)").
⚡️ Showcase
Bullish Breakers
Bearish Breakers
Ranked Breakers
🚨 Alerts
This indicator includes built-in dynamic alerts using TradingView's `alert()` function. You can easily set up an alert on this indicator by selecting "Any alert() function call" in the Create Alert menu.
Bullish Breaker Alert : Fires when a new Bullish Breaker Block is confirmed on bar close. The alert message includes the rank of the block, allowing external filtering for high-probability setups.
Bearish Breaker Alert : Fires when a new Bearish Breaker Block is confirmed on bar close. The alert message includes the rank of the block.
⚠️ Disclaimer
Trading involves significant risk, and many participants may incur losses. The content on this site is not intended as financial advice and should not be interpreted as such. Decisions to buy, sell, hold, or trade securities, commodities, or other financial instruments carry inherent risks and are best made with guidance from qualified financial professionals. Past performance is not indicative of future results.
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Price Action Volumetric Breaker Blocks [UAlgo]The Price Action Volumetric Breaker Blocks indicator is designed to identify and visualize significant price levels in the market. It combines concepts of price action, volume analysis, and market structure to provide traders with a comprehensive view of potential support and resistance areas. This indicator identifies "breaker blocks," which are price zones where the market has shown significant interest in the past.
These blocks are created based on swing highs and lows, and are further analyzed using volume data to determine their strength. The indicator also tracks market structure shifts, providing additional context to price movements.
By visualizing these key levels and market structure changes, traders can gain insights into potential areas of price reversal or continuation, helping them make more informed trading decisions.
🔶 Key Features
Dynamic Breaker Block Identification: The indicator automatically detects and draws breaker blocks based on swing highs and lows. These blocks represent areas of potential support and resistance.
Volume-Weighted Strength Analysis: Each breaker block is analyzed using volume data to determine its bullish and bearish strength. This is visually represented by the proportion of green (bullish) and red (bearish) coloring within each block.
Market Structure Break (MSB) and Break of Structure (BOS): The indicator identifies and labels Market Structure Breaks (MSB) and Break of Structure (BOS) events, providing context to larger market trends.
Customizable Settings:
- Adjustable swing length for identifying pivot points
- Option to show a specific number of recent breaker blocks
- Choice between wick or close price for violation checks
- Toggle to hide overlapping blocks for cleaner analysis
Violation Detection: Automatically detects when a breaker block has been violated (broken through), either by wick or close price, depending on user settings.
Overlap Control: Provides an option to hide overlapping order blocks, ensuring that the chart remains clean and easy to read when multiple blocks are detected in close proximity.
🔶 Interpreting Indicator
Breaker Blocks:
Breaker blocks are key areas where the price moves through and invalidates a previously identified order block. The indicator detects a breaker block when the price violates an order block by exceeding its high or low (depending on whether it's a bullish or bearish block). This violation is determined by either the wick or the close of a candle, depending on the user's selection in the "Violation Check" setting. When a breaker block is detected, the indicator removes the violated order block from the chart, signaling that the zone is no longer relevant for future price action.
Bullish Breaker Block: This occurs when a bearish order block (red) is violated by the price closing above the block’s top boundary or when the wick surpasses this level. It signals that a prior bearish structure has been invalidated, and the market may shift to a bullish trend.
Bearish Breaker Block: This occurs when a bullish order block (teal) is violated by the price closing below the block’s bottom boundary or when the wick drops below it. It suggests that a previous bullish structure has been broken, indicating potential bearish momentum.
Market Structure Labels:
"MSB" (Market Structure Break) labels indicate a potential change in trend direction.
"BOS" (Break of Structure) labels confirm the continuation of the current trend after breaking a significant level.
Block Strength:
A block with more green indicates stronger bullish interest.
A block with more red indicates stronger bearish interest.
The relative sizes of the green and red portions show the balance of power between buyers and sellers at that level.
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results. Indicator
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