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MSB & Order Blocks

by Swiftedge ◆ FOUNDER · Swiftedge Plus
◆ Swiftedge PlusBuilt into Depth
MSB & Order Blocks on the live order book chart in Swiftedge Depth

What it shows

The zigzag, every market structure break (MSB) and the order block and breaker or mitigation block each break leaves, with the real delta that built each block and broke the structure, and the real orders and liquidations inside every block.

How to read it

The zigzag connects the swings, and an MSB is marked when price breaks the last swing in the other direction. Each break leaves an order block, which becomes a breaker or a mitigation block depending on what price does next. Each block shows the real delta that built it and the real orders and liquidations inside it.

What it can't tell you

Breaks and blocks are known only after the zigzag confirms a swing.

Settings in Depth

The defaults; every setting can be changed with the gear next to the indicator.

Settings
ZigZag length9
Show zigzagon
Fib factor for breakout confirmation0.33
Delete old / broken boxeson
Most boxes of each kind (0 = all)5
Real data
Real orders and liquidations inside each boxon
Real delta that built each boxon
Who traded at the first reteston
Real delta on each MSBon
Display: text
Text sizexs

FAQ

What is a market structure break?

Price breaks the last swing high or low of the zigzag.

What is a mitigation block?

A block left by a failed swing that price later returns to.

Can I hide the zigzag?

Yes, the zigzag itself is a setting.

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