Transcript for:
Understanding and Using Order Blocks in Trading

order blocks are one of the most popular Concepts in trading but with hundreds of methods and videos on this concept it's nearly impossible to know exactly how to draw or use them effectively until now we went ahead and dug through thousands of order block Concepts and teachings to develop one of the most comprehensive methods of detecting and displaying order blocks ever seen on the platform and while doing so we found some very interesting observations you're going to want to know about so with the help of some of the best programmers on the platform we set out to develop and integrate what we learned directly into our price action Concepts indicator and in this video we're going to show you exactly how order blocks work the best way to implement them in your trading and in the end share a secret that 80% of users are unaware of when using order blocks order blocks refers to areas in the market where significant buying and selling activity accumulates before a large move these areas are theorized to be used for liquidity by large institutions so when the price returns to these levels typically there will be a strong reaction now whether the theory is true or not we needed to figure out exactly how to identify these areas we wanted to make sure they had practical use cases and after careful observation we started to notice something across all methods of detecting order blocks one single thing remained consistent as the price moves away from an order block this causes a shift in Market structure creating a change of character or a break of structure so in our indicator bullish order blocks are positioned at the low of bullish structure rures and bearish Order blocks are positioned at the high of bearish structures but there's one problem when order blocks are detected and price returns to those areas we noticed that a lot of them are completely ignored so knowing where order blocks were located wasn't enough we needed to go deeper that's when we decided to take the volume data and plot it on the order block but we didn't stop there we then separated that data into buying and selling activity where the green bar shows the total buying volume and the Red Bar shows the total selling volume so as the price returns to these areas you can see if there is more buying or selling happening at that level it also provides a percentage to show how significant an order block may be based on the total trading activity allowing you to identify potentially weak and strong order blocks but that wasn't enough when an order block is mitigated this leaves behind what's called a breaker block buyers or sellers are theorized to now be trapped at these levels and if price returns to this area those Traders will start to close their positions this activity may cause price to move further in the direction of the break with this understanding we went ahead and integrated what we call volumetric order blocks this allows users to not only automatically detect order blocks on the chart but also get valuable information about those blocks to make more informed trading decisions we even include tons of customization methods allowing flexibility on how users may want to use these features to tackle the constantly changing landscape that is the market now that you made it this far let's dive into some examples then we're going to reveal an Insight that 80% of users are unaware of when trading with these order blocks first go to the settings of the price action Concepts indicator and you'll see volumetric order blocks we want to ensure we have the show last option enabled this will allow order blocks to be displayed on the chart and you can increase this number to see more order blocks or reduce it to see fewer then make sure internal buy and sell activity is enabled along with show metrics to see the data for each order block now let's say you just had a bullish change of character and you're looking to take a buy but buying here is a mistake since you might be buying at the high of the market so let's wait for a retracement the indicator has already automatically plotted an order block for you below this change of character and if we look at that order block we see that there's more sellers than buyers in that area yet the price went higher this could be an indication that the sellers are exhausted at these levels and a return to this area could be a pull on liquidity to go higher in this other example we see that a bearish Market structure was created with more selling activity which could mean that price has a strong probability of continuing to Trend without an immediate retracement to the order block area but if the price does return to that order block and it's mitigated we can go back to settings and enable breaker blocks this will plot the level where the order block was mitigated and as the price returns to this level we can use it as a break and retest to seek Longs as a potential reversal setup we also included a time frame feature allowing users to see order blocks from any higher or lower time time frame here we can see we're on a 30 minute chart but I can use the time frame option to display order blocks detected on a 4-Hour time frame potentially identifying more significant areas on the chart these are just some of the many use cases for these volumetric order blocks that being said here's a secret that most Traders aren't aware of when trading order blocks when an order block is created the data shown on the order block is not just for the specific candles it's drawn from it actually extends Beyond those candles providing data for the entire structural shift meaning you'll get to know the trading activity of that entire block of price action providing never before seen insights for sentiment analysis the indicator includes other features such as a mitigation method this is set to close by default and an order block will be considered mitigated only when price closes below a bullish order block or above a bearish order block but you also have the options of Wick and average the hide overlap option is very helpful in situations where there are overlapping order blocks displayed on the chart enabling this option will cause the indicator to only display the most relevant ones the length option will allow you to change what swing points are used to detect order blocks and by default this is the same as the market structure we understand the importance of allowing flexibility here so you can change that and use a different swing point for order blocks without changing your Market structure that being said by the time you watch this video more settings may be added or removed as we're constantly improving these tools but you'll always always be able to find out more on those changes at Lux algo.com by going to resources selecting guides and choosing price action Concepts or by using the chat GPT feature and get answers to specific questions we hope this video helps you better understand how order blocks are constructed in the toolkit exactly how they work and can be used in your day-to-day trading let us know in the comments what features you'd like us to cover next and if you would like to recommend a new feature for the toolkits you can join our Discord using the link in the video video description and submit your request in our dedicated feature request Channel thank you for watching and we'll see you again in the next video