Swing-Based Order Block Entries with ATR or Percentage Stops

Summary

This strategy marks bullish and bearish order blocks from confirmed swing lows and highs using a configurable lookback. It stores the candle range associated with each detected pivot and plots that range as a zone. A long signal occurs when price closes inside the latest bullish zone with a bullish candle; a short signal occurs inside the bearish zone with a bearish candle. Positions are opened only when the strategy is flat.

Stops can be based on a percentage of entry price or a multiple of ATR, and take-profit distance is set as a multiple of the stop distance. The script exposes the pivot lookback, ATR period, stop mode, and reward-to-risk ratio. The supplied excerpt ends during the information-table code and provides no backtest settings or performance results. Pivot confirmation requires subsequent bars, and the method does not explain how zones are invalidated or how changing volatility affects the chosen stop distance, so practical behavior and robustness remain unproven.

Key ideas

• The strategy defines order-block zones from detected swing highs and lows.
• Long and short entries require a confirming candle to close within the corresponding zone.
• Stop distance can use either a percentage of price or an ATR multiple.
• The profit target is set from the stop distance using a configurable reward-to-risk ratio.
• No performance evidence is included, and zone invalidation rules are not described.

Tags

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