Bo$$ Order Block

Please notice: This indicator DOES NOT work on ninZaRenko or KingRenko$

Following the whale enables you to capitalize on lucrative opportunities and stay ahead of market fluctuations. However, through brain-twisting trials and errors, you'll soon realize that many whale-trailing methods might not be foolproof. Whales often split up their orders to avoid detection, making it challenging to track their true intentions. 

Any indicator that can uncover these hidden moves with precision could be considered one of the best order block indicators for NinjaTrader – especially for traders who rely heavily on market structure analysis and price action trading.  

And that's exactly what Bo$$ Order Block (a SMC indicator) is about: honing in on the footprints of the big whales and detecting when they would enter the next large chunk of buy/sell orders.

Which looks just like this: 

What sets Bo$$ Order Block apart?

Bo$$ Order Block, an order block indicator for NinjaTrader 8, offers many key features that set it apart from others. Here are the highlights:

• You’ll get to identify whale traces by spotting order blocks, this step is done automatically for you by analyzing market structure, understanding supply/demand imbalances, and looking for key swing points.
• You can pinpoint price levels with high-probability and enter the market at our Return signals – where whales are likely to place a large order again. Ideal for most traders for swing trading and day trading alike.
• Your Stop and Target can be clearly identified way before a trading signal appears, so you’ll stay calm, cool, and collected like the mentality of a pro. This is critical for mastering supply and demand trading.
• You can lay back and enter at Bo$$ Order Block's entries to get high profits while swimming with the whales and watching other traders being manipulated by these whales.
• You can see the clear market structure that strengthens your strategy and trade with distinct confidence.
• You'll enjoy the flexibility of this indicator to complement any other technical analysis indicators you may use.

Bo$$ Order Block boils down to 3 main factors

If you want to know more, ninZa.co gives you a full breakdown of how this NinjaTrader 8 order block indicator works:

• The Imbalance (a.k.a the trace of the whale's initial buy/sell move)
• BoS (Break of Structure)/ ChoCH (Change of character) (a.k.a the close track of how the market is moving right at that moment)
• Order block ( a.k.a the level where the whale will buy/sell again and the price will return)

As you can see, we've combined all 3 factors to create each return signal in Bo$$ Order Block, identifying where the whales might enter another large chunk of order, keep reading as we'll explain each of them right below:

Imbalance

Imbalance refers to areas where there is an excess of buy or sell orders that cannot be fully matched. These areas represent a lack of equilibrium in supply and demand, with either an oversupply or undersupply of assets.

Recognizing these imbalance zones is essential because when whales conduct large-volume trades, they significantly impact either the supply or demand in the market. This creates a noticeable imbalance between buyers and sellers, acting as clear signals that whales are present in the market.

However, Bo$$ Order Block integrates a more solid method in identifying a whale's move:

In an uptrend, the indicator scouts for 3 consecutive green candles to pinpoint imbalance. Among these candles, the second one must boast the largest body.

Imbalance is then defined as the gap between the highest price of the first candle and the lowest price of the third candle. This gap must adhere to a predefined distance set in the indicator's settings.

During a downtrend, the indicator seeks out 3 consecutive red candles to pinpoint imbalance. Once again, the second one must boast the largest body.

Here, imbalance manifests as the gap between the lowest price of the first candle and the highest price of the third candle. This gap must adhere to a predefined distance set in the indicator's settings.

The rule stipulates that the second candle is the candle with the largest body because, during strong uptrends or downtrends, there will always be moments of initiation, breakthrough, and exhaustion. Therefore, in determining imbalance, we designate the candles as:

• The first candle is the initiation
• The second candle is the breakthrough
• The third candle is the exhaustion.

To increase the reliability of the imbalance between buying and selling, the second candle must represent a surge in volume under the largest body to clearly reflect the imbalance.

BoS (Break of Structure) & CHoCH (Change of Character)

• BoS: It's when the market breaks past its recent highs or lows to show that the trend is staying strong. This is figured out by looking at swing points to confirm if it's breaking the previous high or low, making either higher highs or lower lows.
• CHoCH indicates a shift in the market structure from an uptrend to a downtrend, or vice versa. It's identified by the first change in the market's structure, signaling a potential reversal in price.

To find potential order blocks, it's crucial to determine the direction of price movement. BoS and ChoCH play pivotal roles in identifying this direction, thereby pinpointing order blocks with extreme accuracy.

Order Block

Due to the nature of trading with large volumes in a short period, the order blocks where whales execute their trades often become the price zones that create significant swing points.

• When a Bullish Imbalance is found, the indicator will automatically search for the preceding BoS or ChoCH; if the conditions are met, then the Bullish order block will form at the nearest Swing low point.
• When a Bearish Imbalance is found, the indicator will automatically search for the preceding BoS or ChoCH; if the conditions are met, then the Bearish order block will form at the nearest Swing high point.

The Entries

After confirming alignment among the 3 factors mentioned above, the final step to generate trading signals is straightforward:

Whenever the price touches an order block, the indicator will trigger an entry signal.

Here's the result:

So, if you're looking for a practical and effective way to take advantage of the whales' strength, Bo$$ Order Block is your ultimate ally to guide you in reaching substantial profits. This highly reliable indicator simplifies trading complexities and helps you swim smoothly in the Green Sea.

Pocket Bo$$ Order Block now and experience the benefits for yourself!

In addition, should you wish to explore the top NinjaTrader 8 indicators, you're welcome to drop by and check them out.