Preset - Orderblock focus

🧱 Overview

The Order Block functionality in this script helps traders identify and visualize significant supply and demand zones where major market participants may have placed orders.

These order blocks often act as key support and resistance levels that can influence future price action.

The Preset Orderblock Focus displays Mtf Orderblocks, its volume, Fair Value Gaps & Htf Poc line

🧩 Key Features

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🔍 Order Block Detection

The script automatically identifies potential order blocks based on price action and volume patterns. An order block typically forms when:

• There's a strong, impulsive move in one direction

• This move is preceded by a consolidation or reversal area

• The area shows significant volume or a notable imbalance between buyers and sellers

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📦 Order Block Visualization

Order blocks are displayed as boxes on your chart:

• Bullish Order Blocks (demand zones): Displayed as green boxes, indicating potential support areas

• Bearish Order Blocks (supply zones): Displayed as red boxes, indicating potential resistance areas

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📈 Order Block Strength Rating

Each identified order block is assigned a strength rating based on several factors:

• Volume within the block

• Size of the impulsive move following the block

• Time elapsed since the block formed

• Whether the block has been tested before

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⚙️ Display Settings

• Bullish Block Color: Color for demand zones (bullish order blocks)

• Bearish Block Color: Color for supply zones (bearish order blocks)

• Block Transparency: Controls the opacity of order block highlighting (0–100%)

• Show Strength Labels: Toggle to display or hide strength ratings on blocks

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🧠 Block Filtering

• Minimum Block Age: Only shows blocks that formed at least X bars ago

• Maximum Block Age: Only shows blocks that formed within the last X bars

• Filter by Volume: When enabled, only shows blocks with above-average volume

• Smart Filtering: When enabled, automatically removes blocks that have been invalidated