ZigZag OrderBlock Retracement

█ INTRODUCTION

What is an OrderBlock? It is simply Price where Banks (or Large Financial Entities) have Bought or Sold heavily (Support or Resistance Institutional Zone).
Our job as a trader is to monitor what the Banks and/or Large Investors are doing then patiently wait and have the opportunity to surf in their direction.
Large Financial Entities Buy during Price drops to get the best purchase Price. The Bank are acting a bit like us in our everyday life,
When we want Buying something, we always try to Buy it at the best price. And when we Sell, take the example of a used Car, we will systematically
try to Sell it at the highest possible Price. The Price of convertible Cars goes down during the Winter and goes up during the Summer. 
So to make the best operation, if you Buy a second-hand convertible you will prefer to Buy it during the Winter and Sell it immediately in the Summer
and not Vice versa. So the way Large Institution act is exactly the same, it will expect the Price to Buy the fall and they will wait until
the Price rises in order to Sell. This is how the Profits will be made. The mistake that many Traders makes when they Trade emotionally is to act
in the opposite way of what they will do in everyday life. When we trade emotionally, we see the Price fall, instead of Buying while the Price drops we Sell. 
In a similar emotional based act when the Price goes up we Buy, while when the Price goes up it's the best opportunity to Sell. So all the big moves
that you can watch on your different Instruments are the result of Banks or other Large Financial Entities. As Individuals, we do not have the necessary 
“Strike Force” to create this type of movement. However, it is important to note that when Banks or Large Entities create this type of movement,
they do so despite theirs willing, they would love to be able to hide but luckily for us they can’t. When Billions of Dollars are Invested in Trades,
the effect can’t be concealed and as a result we will observe the impact on the market then as an Individual we’ll be able to see that on our Charts. 
There are many ways to locate these areas of interest. But as they say, all roads lead to Rome. The purpose remains the Price Study 
and in particular the movements of strong amplitude on the Chart. Large Financial Entities will keep acting in the same Price areas, Or at least we can say
that there's a high probability for them to intervene in these zones. Therefore, rather than chasing the Price moves and then to endure a counter move,
we will patiently wait until the Price returns to these areas on the basis that Banks and, or Large Entities will accumulate on their Positions
and are going to Sell and Buy in the same Price areas. Keep in mind that this logic works no matter what TimeFrame is used. However when the have Analysis
on Small TimeFrame (between M15 and H1) will make the movements observed between 20 and 50 Pips. Whereas if we look at H4 or Daily,
we can really see movements of 100 or even 200 Pips.

█ OVERVIEW

The ZigZag Indicator is used to illustrate Trend Lines without taking into account intermediate Retracements.
In a way, it allows you to get to the point by giving a simplified view of the evolution of Prices by eliminating "parasitic" movements, and thus to Position
and unwind Positions at the appropriate times. It is part of the category of Trend Indicators. We will simply define a Level of Price variation below which
they will not be taken into account by the indicator. This will eliminate all minor fluctuations, depending on the desired sensitivity.
The Indicator can only have 2 directions, Up or Down. For example, setting the Indicator to 5% (ZigZag Length ) will eliminate all variations below 5%.
If the Trend is Bullish and the Indicator therefore oriented in the same direction, Prices will have to fall by at least 5% for the direction
of the ZigZag to reverse Downward. Why using ZigZag to search for our OrderBlock? ZigZag makes it possible to clearly identify the current Trend as well
as significant Reversals and therefore have a much clearer vision of the actions carried out by Banks / Large Entities. However, it is drawn up
a posteriori and therefore does not make it possible to predict the evolution of Prices. The turning points are Indicated with a delay proportional
to the chosen sensitivity. The indicator calculates the Lowest Price over the given Period and eliminates Prices that are below the minimum requested
Array Size. Then, it calculates the Highest Price over the given Period and eliminates the Prices that are below the minimum requested Array Size.
Finally, it draws the Trend Line that connects the High and Low points determined previously and use the sum of the two to determinate the Range area.

█ HOW TO INTERPRET?

• The Indicator creates Lines that demonstrate past Retracements and current Pivots Levels to get a clearer view of the next Retracement area
using the Lines from the Last High and Low Pivots to determine which Take-Profit or Stop-Loss set.
• The "OrderBlocks" are detected based on the Pivots founds. You can display the Prices and use theses to help you set your Take-Profit during Retracement.
• Possibility to display the Levels of detected Pivots point. This can permit to dispense with the use of Elliot Waves or the use of a Fibonacci.
• Donchian ZigZag Channels to be sure to always have seen the extremities of the Top, Bottom and Range area.
• The ZigZag Length is set to 5 by default. You will have to adjust it according to selected TimeFrame or Financial Instrument used.
• The ZigZag has 3 adjustable colors:

-Green = Bullish Trend
-Red = Bearish Trend
-Orange = Range Zone

It is not advisable to enter Position when the ZigZag color indicates a Range Zone.

-OrderBlocks

-ZigZag + Pivots Point

-Donchian ZigZag Channel

█ ALERTS

Following the request of many users on our other script concerning the late arrival of Alerts for detected OrderBlocks (on Institutional OrderBlock Pressure), we fixed this problem here with the arrival INSTAN and CONFIRM ALERTS.

█ NOTES

-This script is not beginner's Level and is intended for Traders with advanced knowledge of ZigZag and the work of Michael j. Huddleston on the OrderBlocks.
Good Trade everyone and remember, risk management remains the most important!

Note di rilascio:

-Code cleaning.

Note di rilascio:

-Code cleaning.

Note di rilascio:

-Bug fix (Lines are now created according to detected OrderBlocks and not to Pivots points.)
-Improved ZigZag Calculation.
-Added Percentage Change (The higher the value, the greater the difference between the detected OBs.)
-Added Linear Regression Filter (Uses linear regression to filter out OBs. The volumes must be available on the financial instrument used.)
-Added the ability to choose the transparency rate for ZigZag Channels.
-Code cleaning.

Note di rilascio:

-Minor fix.

Note di rilascio:

-Minor fix (bis).

Note di rilascio:

-Important Bug Fix-

-Added 'Wait For Bar Close' option. (Enabled by default)

Note di rilascio:

-Code cleaning.

Note di rilascio:

-Due to the fact that when the Option 'Wait For Bar Close' is Enabled we have a Shift of one Candle and therefore the Retracement Lines no longer appear
on the Candle where they should be. Including the Price displayed in the Labels of the detected OrderBlocks (and also the one displayed in the Alerts).
This is why, from now on, the Lines are granted to the Signals at the 'Unconfirmed' OrderBlocks' in order to have them all in view and the same concerning
the Price displayed in the Labels, it now corresponds to the Price of the previous Candle and therefore the correct Price at the OrderBlock
detected in intra-bar (which they have a correct Offset).

Note di rilascio:

-Percentage Change has been set to 2 by default.

Note di rilascio:

-Following the request of some users, Percentage Change has been set to 0 by default again.

Note di rilascio:

-Minor fix on the Linear Regression Length in the calculation.
-Addition of an option allowing to link the retracements lines to the detected "OrderBlocks" (by default) or to the "Pivots" points.

Note di rilascio:

-Added 'ZigZag Forecasting Option' (Disabled by default).

Note di rilascio:

-Bug fix for Alerts.

Note di rilascio:

Firstly, HAPPY NEW YEARS everyone!

-A category 'Alerts Setup' has been added in the settings in which you have the possibility to select the Alerts that you want to enable or not. (You must do this before placing the alert).
-An Alert option has been added for when the Top/Bottom Retracement Line has been crossed.
-Minors changes.

Note di rilascio:

-Code cleaning.

Note di rilascio:

-Projections Forecast is now enabled by default.
-ZigZag Length has been set to 4 by default.

Note di rilascio:

-ZigZag Length has been set to 8 by default.*

Note di rilascio:

-Pivots is now called 'ZigZag' in the 'Lines Source' option.
-Bug fix in the 'ZigZag' Retracement Lines logic (Disabling the 'Wait For Close' option is now working for them).

Note di rilascio:

-Minor improvement.

Note di rilascio:

-Projections Forecast algorithm and logic has been improved.

Note di rilascio:

-ZigZag Length has been set to 13 by default.

Note di rilascio:

-'Lines Source' option has been removed cause ZigZag Source was the same thing that looking to Top and Bottom channels and to let Lines Source on OB by default with 'Wait For Close' option disabled only for Lines Source (to have real Lines Offset and Price).

Note di rilascio:

-Code cleaning.

Note di rilascio:

-Added 3 more optional ZigZag with Retracement Lines and OB.

Note di rilascio:

-Minor improvement.

Note di rilascio:

-More faster script loading.

Note di rilascio:

-Code cleaning.

Note di rilascio:

-Following the request of many users, we're going back to the old Projections algorithm. With multi-ZZ we truly have good results now.

Note di rilascio:

-Code cleaning.

Note di rilascio:

-Bug fix on Projections Slope Calculation.

Note di rilascio:

-Added 'Harmonic Patterns' detections option (enabled by default).
-Added Alerts for 'Harmonic Patterns'.

Note di rilascio:

-Following the request of some users :
-Complete Colors, Styles and Sizes is now fully customizable.
-Added 'Cloud Channels Lines Crossed Alerts' option.

Note di rilascio:

-'Channels Lines Crossed Alerts' option has been temporary removed cause it was not working properly.

Note di rilascio:

-Code cleaning.

Note di rilascio:

-Bug fix on 'Harmonic Patterns Alerts'.

Note di rilascio:

-Alerts option for 'Cloud Channels Lines Crossed' is back.
-Minors fix.

Note di rilascio:

-Code cleaning.

Note di rilascio:

-Removed 'Bar Time' option cause this option is already included into TV default options.
-Code cleaning.

Note di rilascio:

-Major fix in 'Cloud Channels Alerts' (You need to reset your alerts for this update).
-Added an option to see Top/Middle/Bottom Channels Price beside lines.
-Removed 'Bar Time' option cause TV have his own default option for that.
-'Linear Regression Filter' option has been temporary removed cause it need some improvements.
-Minor improvements in OrderBlocks detection algorithm.
-Code Cleaning.

Note di rilascio:

-'Projections Forecast Size' has been adjusted to 2 by default for more visibility.

Note di rilascio:

-Code cleaning.

Note di rilascio:

-Minor fix on "Projections Forecast' option.

Note di rilascio:

-Bug fix for wrong channels labels offset on forex pairs.

Note di rilascio:

-Code cleaning.

Note di rilascio:

-Code cleaning.

Note di rilascio:

-Lines Price alignement correction.
-Minor improvements.

Note di rilascio:

-Minor improvement

Note di rilascio:

-'OrderBlock Price' option color has been set to black by default
-'Projection Forecast' has been disabled by default

Note di rilascio:

-Harmonic Patterns Labels has been set to 'small'

Note di rilascio:

-Code cleaning

Note di rilascio:

-Code cleaning

Note di rilascio:

-Minor improvement
-Code cleaning

Note di rilascio:

-Updated chart image

Note di rilascio:

-Minor improvements