Draws volume order block zones on the price chart, found when a fast and slow EMA cross, and shows each zone's upper, lower and mid lines with a volume label.
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
Signals fire when one side's dominant block holds a set share of the combined volume pool, or exceeds the opposing pool by a multiplier. A cooldown input limits how often signals appear, and a trend shadow fill is optional.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Sensitivity Detection
int
5
length1
Mid Line
bool
true
mid_l
Trend Shadow
bool
true
trend_shadow
col1
color
#26ba9f
col1
col2
color
#6626ba
col2
Tier 1 — Asymmetric % Threshold
float
50.0
asym_threshold
Tier 3 — Super Volume Multiplier
float
1.0
super_mult
Signal Cooldown (Bars)
int
20
cooldown_bars
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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