A trading indicator that identifies and renders order blocks and propulsion blocks, helping traders detect potential price movement areas through specific candlestick formations and momentum.
Explore complementary indicator rolesHow it works
The Propulsion Blocks indicator detects order blocks by analyzing candlestick formations, specifically looking for large engulfing candlesticks of opposite directions. When price returns to retest the area created by these candlesticks, an order block pattern is identified.
For propulsion blocks, the indicator further requires a candlestick wick touching an existing order block and subsequent strong momentum in the order block's direction. This method helps traders pinpoint potential areas of significant price movement by examining specific candlestick interactions and momentum characteristics.
Why it may be useful
Propulsion blocks provide traders with a systematic approach to identifying key market levels and potential entry or exit points. By automatically detecting these zones, traders can gain insights into potential price movements without manually scanning charts for complex patterns.
The indicator's ability to combine overlapping zones and offer customizable detection settings makes it a valuable tool for traders seeking to understand market structure and momentum. It helps traders make more informed decisions by highlighting areas of potential significant price action.
When to explore it
The Propulsion Blocks indicator works best when used in conjunction with other ICT (Inner Circle Trader) concepts and trading methodologies. It is particularly effective in markets with clear trend structures and predictable momentum patterns.
Traders should utilize this indicator on various timeframes, from scalping to swing trading, and consider using it alongside other technical analysis tools. Its effectiveness increases when confirming potential trade setups, identifying key support and resistance levels, and understanding market order flow dynamics.
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
