Clever Order Blocks

Description

Very precise patterns to detect: entry signals as well as breakout, support and resistance reversal patterns. It points out zones in which, with a high probability, institutional orders with the potential to change the price’s direction and keep moving towards it, have been placed. 

KEY LINKS: Indicator Manual – How to Install  – Frequent Questions - All Products 

How is this indicator useful?

• It will allow you to trade on the order’s direction, once its direction has been identified.
• It will allow you to trade retracement or breakout patterns, everytime they occur in a given zone.
• You’ll be able to identify potential resistance or support levels. Be mindful that you can use these levels as take profit zones.
• You’ll be able to combine this indicator with trend and market maker patterns. In order to identify these patterns.

Note 1: This indicator should only be considered as a part of any trading strategy. You should complement this with other filters (e.g trend, volatility, time, etc). Note 2: This indicator is meant to serve as a guide to apply in your intraday trading. Overtime, this will help you understand the baseline for a solid and consistent trading strategy.  

Components

• Horizontal green lines: These represent bullish order blocks.
• Horizontal red lines: These represent bearish order blocks.
• Green, red Arrows: Bullish or Bearish signal of recent OB Formed
• Yellow Arrows: Bullish or Bearish signal of Breakout of OB.

About Author:

Carlos Forero, Member of Clever Trading Club, private organization with the purpose of design clever solutions to generate constant profits with adapted risk.