175# Order Block with Chandelier TradingView
Price Action Strategy
Submit by Joy22
Order Block with Chandelier is a price action strategy based on indicators customized for the TradingView platform (replicable in MT4 considering the vastness of the indicators available). The principle of the strategy is the price rebound on a support or resistance level defined by the Order Block indicator areas.
The entry timing is given by the Chandelier Exit indicator.
Setup Strategy
Time Frame 1 min or higher. Best time frame h1- h4 - daily.
Platform TradingView
TradingView indicators:
Order Block Detector (Lux Algo).
Chandelier Exit (5, 1.9) (everget).
Search for indicators in TradingView > Indicators > Community Scripts > write in search (Order Block Detector)<>(Chandelier Exit).
Trading Rules
Buy
The price bounces on a green area (support area).
Buy arrow Chandelier, buy at the opening of the next bar
Sell
The price bounces on a red area (resistance area).
Sell arrow Chandelier, sell at the open at the open of the next bar.
Re-enter in the direction of the SR areas (optional).
Exit position
Initial stop loss above/below of the SR area.
Profit Target minimum ratio stop loss 1:1.2
Note: From my experience this type of strategy based on Key Levels on daily and weekly time frames are extremely reliable.
