This overlay indicator finds pivot highs and lows on the price chart and compares the last two highs and the last two lows. When the percentage difference between a pair is below the Equal HL threshold, it treats them as equal levels and draws a box. Left and
Indicator · Pine Script v4 · On the chart
Cerebrum Order Block and FVG
This indicator identifies Smart Money Concept (SMC) market structure elements, specifically Order Blocks (OB) and Fair Value Gaps (FVG), across current or higher timeframes.
Repaints
GitHub stars5on the repository
Pine versionv4older, still runs
Lines of code862
Settings11inputs
LicenceNone stated
Last update2 years ago12 May 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Cerebrum Order Block and FVG highlights dynamic order blocks and imbalance zones directly on the price chart using Pine Script box objects. Users can filter order blocks based on reversal magnitude, candle count, and body buffers, while customizing entry reference structures. Because it evaluates higher-timeframe candle data, zones and boxes update dynamically and repaint until the corresponding higher-timeframe bar closes.
- Fair Value Gap (FVG) detection
- Order block identification and filtering
- Multi-timeframe imbalance scanning
- Reversal magnitude filter
- Custom box plotting for market structure
Details
Published by
jerryinyang on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
SMC / ICT / price action, Support & resistance
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Higher Time Frame | timeframe | | htf |
| FVG Blocks Above? | int | 1 | plotFvgTop |
| FVG Blocks Below? | int | 1 | plotFvgBott |
| Minimum Candle for OB Validation | int | 3 | minCand |
| Maximum Candle for OB Validation | int | 6 | maxCand |
| No-Body Candle Buffer | int | 1 | indLimit |
| Filter Orderblock by Reversal Magnitude | bool | true | useObDist |
| Method to Calculate Reversal Magnitude | string | Candle Body | distMeth |
| Reversal Distance Multiplier | float | 2 | distMult |
| What Values to use for Top/Bottom of Orderblock? | string | High/Low | obPlotMeth |
| What Structure Should Be Used for Entry? | string | Closest FVG to Price | i_entBuffer |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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