Order Blocks Indicator MT4
- Indikatoren
- Irina Cherkashina
- Version: 1.3
Our modernised version of the popular Order Blocks Indicator for MT4 identifies major trend reversal and momentum exhaustion points by providing arrow signals on the chart. As a result, traders can identify bullish and bearish price reversal zones and BUY and SELL accordingly. Moreover, the indicator provides Buy and Sell Arrow signals.
An order block is a market structure that is defined as the last bearish candle before a bullish price move and vice versa. These order blocks act as support and resistance when traders expect the price to change direction.
This indicator works well on all instruments and all Timeframes.
This indicator is the basis of our OrderBlocks Trigger EA, which you can buy in MQL5:
https://www.mql5.com/en/market/product/134859?source=Site+Market+MT4+New+Rating006
You can also purchase our Universal Arrow EA, which can work with various arrow indicators. The download version uses the popular Ultimate Arrows indicator, which you can very easily replace yourself with one of our arrow indicators, including this Order Block indicator, or any other that meets the technical requirements for their use in this EA:
https://www.mql5.com/ru/market/product/135506?source=Site+Market+MT4+Search+Rating006%3aUniversal+Arrow+EA


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