Advanced Order Blocks - Z-Score Detection

16 saat önce

This advanced Pine Script indicator identifies high-probability order blocks using statistical Z-score analysis combined with trend filtering.Key Features:
-Z-Score Detection: Identifies institutional order blocks by detecting abnormal price movements using statistical deviation analysis
-Smart Zone Mapping: Automatically draws and manages bullish/bearish order block zones with customizable colors and transparency
-EMA Trend Filter: 750-period EMA filter ensures signals align with the dominant trend (bullish signals above EMA, bearish below)
-Rejection Signals: Detects when price bounces off order block zones, indicating strong support/resistance
-Zone Management: Automatic zone extension, mitigation detection, and age-based expiration
-Overlap Prevention: Optional setting to avoid cluttered charts by preventing overlapping zones
-Fully Customizable: Adjustable Z-score threshold, lookback periods, colors, and rejection sensitivity

How It Works:
The indicator calculates the Z-score of price changes to identify impulse moves. When an abnormal move occurs (beyond the threshold), it marks the preceding consolidation zone as an order block where institutions likely placed their orders. The EMA filter ensures you only trade in the direction of the overall trend.Perfect for swing traders and institutional-style trading on any timeframe.

15 saat önce

Sürüm Notları

-Added alerts with price

14 saat önce

Sürüm Notları

-Fixed all the alerts, now they follow the EMA filter correctly.