Hallo Trader,
Order Block shows where "whales" enter the market and where prices are likely to pivot dramatically. But what makes an order block, using KingRenko$ bar, trustworthy?
Meet King Order Block, pinpointing order blocks by focusing on:
- Imbalance: Detecting the presence of whales through no-wick candles, indicating intense buying/selling pressure.
- BoS and ChoCh: Following price structure to see if the market structure is changed by whale activity.
- Nearest swing points to ChoCh: Forming reliable order blocks.
- Reversal candles: Signaling shifts in price action and providing reliable reversal signals when the price revisits order blocks.
This indicator employs order blocks and KingRenko reversal bars, giving a new approach to high-probability trading zones.
Explore the full capabilities of King Order Block: https://renkokings.com/product/king-order-block
Cheers!
