Order Block Entries with Momentum Confirmation and ATR Stops

Summary

This strategy identifies bullish or bearish market structure breaks by detecting price crossings of recent pivots, with a momentum z-score filter. On a break, it searches recent bars for an opposite-colored candle and uses that candle’s high and low to define an order block. A later interaction with an unmitigated block can trigger a long or short entry. The script also scores blocks using momentum and volume percentile, with a higher-score category highlighted visually.

Position size can be fixed or based on a percentage of equity and is capped by a contract limit. Exits combine a hard stop and profit target with a break-even trigger and an ATR-based trailing stop. The script includes session-range drawings and webhook messages for order automation. The document provides implementation details, but no performance results or independent validation. Its block rules, fixed point settings, instrument-specific alert payloads, and TradingView execution assumptions require evaluation and adaptation before live use.

Key ideas

• Pivot crossings qualify as market structure breaks only when momentum passes a z-score threshold.
• The strategy marks the last opposing candle among a recent set of bars as the order block.
• An unmitigated bullish or bearish block interaction can trigger an entry in the corresponding direction.
• Position sizing offers fixed contracts or equity-based risk sizing with a maximum quantity cap.
• Exits combine a hard stop and target with a break-even trigger and ATR trailing logic.

Tags

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