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Order Block Scalping Indicator (Ai)

Order Block Scalping

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katrin.k1394
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© © All Rights Reserved
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310 views1 page

Order Block Scalping Indicator (Ai)

Order Block Scalping

Uploaded by

katrin.k1394
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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//@version=5

indicator("Order Block Scalping Indicator", shorttitle="OB-Scalp", overlay=true)

// Inputs
ema_length = input.int(50, title="EMA Length")
rsi_length = input.int(14, title="RSI Length")
rsi_overbought = input.int(70, title="RSI Overbought Level")
rsi_oversold = input.int(30, title="RSI Oversold Level")

// EMA
ema = ta.ema(close, ema_length)
plot(ema, title="EMA", color=color.blue, linewidth=2)

// RSI
rsi = ta.rsi(close, rsi_length)

// Order Block Detection


var float ob_high = na
var float ob_low = na
if (ta.crossover(close, ema))
ob_high := high
ob_low := low
if (ta.crossunder(close, ema))
ob_high := na
ob_low := na

// Buy and Sell Signals


buy_signal = ta.crossover(close, ema) and rsi < rsi_oversold and close > ob_high
sell_signal = ta.crossunder(close, ema) and rsi > rsi_overbought and close < ob_low

plotshape(series=buy_signal, location=location.belowbar, color=color.green,


style=shape.labelup, text="BUY", size=size.small, textcolor=color.white)
plotshape(series=sell_signal, location=location.abovebar, color=color.red,
style=shape.labeldown, text="SELL", size=size.small, textcolor=color.white)

// Plot Order Block Levels


plot(ob_high, title="Order Block High", color=color.green, linewidth=1,
style=plot.style_linebr)
plot(ob_low, title="Order Block Low", color=color.red, linewidth=1,
style=plot.style_linebr)

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