Sonarlab - Order Blocks

Category: market_structure, momentum

Identifies supply and demand zones (Order Blocks) triggered by high-momentum price moves, providing visual boxes and alerts when price re-enters these zones.

Formula

ROC_4 = (Open_0 - Open_4) / Open_4 * 100\nTrigger_{Bull} = ROC_4 > Sensitivity\nTrigger_{Bear} = ROC_4 < -Sensitivity\nOB_{Zone} = [High, Low] of the first opposite-color candle within the lookback window (4-15 bars) prior to the trigger.

Inputs

• Sensitivity (default: 28)
• OB Mitigation Type (default: Close)
• Buy Signal Alert (default: true)
• Sell Signal Alert (default: true)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.