Order Block Continuation Strategy with Impulse Filters and Expiring Zones

Summary

The visible script defines a continuation approach built around bullish and bearish order block zones. It identifies a candidate candle three bars earlier, requires its body to exceed a minimum fraction of ATR, and checks for a subsequent move in the opposite direction large enough relative to that ATR. Qualifying zones use the candidate candle’s high and low as boundaries. Zones can expire after a set number of bars or be invalidated by a close beyond a boundary; the script also tracks whether a zone has been used.

The inputs include ATR and impulse thresholds, confirmation, take-profit and stop-loss distances, and zone and pending-setup lifetimes. The heading advertises a 250% figure, but the provided excerpt does not establish what that figure measures or show any backtest results. The source cuts off during the pending setup logic, before entry and exit rules are fully visible, so those details and the strategy’s performance cannot be assessed from this text alone.

Key ideas

• The visible setup identifies a prior candle as a candidate order block and filters it by candle body size relative to ATR.
• A zone qualifies when price subsequently moves away from the candidate candle by a minimum ATR-scaled impulse.
• Bullish and bearish zones use the candidate candle’s high and low as their boundaries.
• Zones are invalidated by a close beyond a boundary or by reaching their configured lifetime.
• The excerpt ends before the full setup, entry, and exit logic appears, and provides no verifiable performance results.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.