Summary of 🚀Order Block Finder (OBF S&D) ICT Supply and Demand Indicator TradingView - Free🚀
The video discusses the Order Block Finder (OBF) indicator available on TradingView, which is designed to assist traders, particularly those following the ICT (Inner Circle Trader) methodology. Here are the key features and functionalities highlighted:
- Indicator Access: The OBF can be quickly added to favorites on TradingView for easy access. Traders can search for the indicator by name.
- Order Block Identification: The indicator identifies and displays bullish (green) and bearish (red) order blocks, which are critical for recognizing Support and Resistance zones. It helps traders spot market moves and potential order blocks.
- Settings and Options:
- Range Optimization: Traders can enable or disable options that optimize Order Block ranges.
- Box Drawing Modes: There are two modes—defensive (minimizes ranges) and aggressive (maximizes ranges) to enhance risk-reward ratios.
- 50% Range Display: The indicator shows a dotted line at the 50% level within order blocks, indicating optimal entry points for trades.
- Support and Resistance Levels: Options are available to display the last Support and Resistance levels, helping traders identify key price points.
- Customization: Users can adjust colors for demand and supply order blocks and set alerts for price movements relative to Order Block limits. Alerts can be configured in various ways, including notifications for when price reaches certain thresholds.
- User Interaction: The video encourages viewers to share comments and suggestions, indicating a community-focused approach.
Main Speakers/Sources
The video does not specify individual speakers but appears to be a tutorial by a trading expert or educator familiar with the ICT methodology.
Notable Quotes
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Category
Technology