Order Blocks Matrix - Castle Trade marks the prior candle when the current bar engulfs it and volume exceeds a twenty-bar average times a multiplier, then stores the zone in a matrix. Volume threshold and box colors change detection and appearance. Boxes extend rightward after the bar confirms. Mitigation logic is unfinished and does not update stored zones, and new boxes can form on the live bar.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Lookback Period
int
20
length
Volume Multiplier
float
1.5
threshold
Bullish OB Color
color
color.new(color.emerald, 80)
bull_color
Bearish OB Color
color
color.new(color.crimson, 80)
bear_color
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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