What To Know About Order Block In ThinkOrSwim

[shakib3585]

Hello All,

Can anyone please help me with a thinkscript that shows order blocks at different levels. What I know is orderblock is a level where there is significant activity among the market participants. The more orders there are, the longer the block. Also, I would like to see a plot of the high, low, and close of the order block at any aggregation. Please help

Thank you very much

 

[MerryDay]

Given that the time and sales data is not available for custom scripting on the ToS platform; the misleading-labeled Order Block Scripts are unreliable and unsuitable for serious traders.

They do not perform in real-time, and they repaint historical data; making them ineffective in guiding trading decisions.

Those order block scripts require the use of array code to create.
Luckily, thinkscript does not support array code, so there is not a proliferation of order block indicators for ToS.

Here is one:
https://usethinkscript.com/threads/order-block-finder-for-thinkorswim.12162/

Pseudo-Order-Block-Finders:

ICT Trader tends to rebrand age-old concepts.
What ICT touts as Market Structure is essentially their Order Block Indicator.
https://usethinkscript.com/threads/market-structure-indicator-for-thinkorswim.15797/
Still laggy, still repaints but one magnitude less bad.

Then there are indicators that embrace the idea but incorporate real trading concepts.
Support and Resistance will always be a basic criterion that works.

MTF Order Block Band[Sam4Cok] for ThinkOrSwim
https://usethinkscript.com/threads/mtf-order-block-band-sam4cok-for-thinkorswim.13048/

Pivot Points from Super OrderBlock For ThinkOrSwim
https://usethinkscript.com/threads/pivot-points-from-super-orderblock-for-thinkorswim.13516/

Hope this helps.

 

[shakib3585]

Order Block Scripts are unreliable and unsuitable for serious traders.
They do not perform in real-time, and they repaint historical data; making them ineffective in guiding trading decisions.

True order block scripts requires the use of array code to create.
Luckily, thinkscript does not support array code, so there is not a proliferation of order block indicators for ToS.

Here is one:
https://usethinkscript.com/threads/order-block-finder-for-thinkorswim.12162/

Pseudo-Order-Block-Finders:

ICT Trader tends to rebrand age-old concepts.
What ICT labels as Market Structure is essentially their Order Block Indicator.
https://usethinkscript.com/threads/market-structure-indicator-for-thinkorswim.15797/
Still laggy, still repaints but one magnitude less bad.

Then there are indicators that embrace the idea but incorporate real trading concepts.
Support and Resistance will always be a basic criterion that works.

MTF Order Block Band[Sam4Cok] for ThinkOrSwim
https://usethinkscript.com/threads/mtf-order-block-band-sam4cok-for-thinkorswim.13048/

Pivot Points from Super OrderBlock For ThinkOrSwim
https://usethinkscript.com/threads/pivot-points-from-super-orderblock-for-thinkorswim.13516/

Hope this helps.

Thank you @MerryDay