Diskussion | Key level breaker block | Kaufen Sie Technischer Indikator für den MetaTrader 4

seanp07 2022.12.27 02:34 #1

Just bought and tested both of your breaker and block indicators today for quite a while, I guess it depends on your definition of a breaker and a block and how it's coded to identify them on the chart. But I've found significant inconsistencies in what the indicator is identifying. I've compared all time frames on EUR/USD vs both the USDX and DXY. These pairs correlate in a near perfect way, but your indicator is not identifying them as such. I think it is something to do with a slight divergence in price at reversal and breakout points, as well as some coding issues to what you're calling a breaker or a block. Maybe close to conventional supply and demand theory but in my experience and understanding, it is not what you're calling it. Have you tried comparing the two charts, the EURO next to DXY or USDX with your indicator? Take a look to see what I mean. They should be calling out nearly all the same points but do not. I'm not just complaining as I wish someone could achieve truly identifying these points as they are the true structure to price action. Your thoughts?

Presley Annais Tatenda Meck 2022.12.27 06:21 #2

seanp07 #:
Just bought and tested both of your breaker and block indicators today for quite a while, I guess it depends on your definition of a breaker and a block and how it's coded to identify them on the chart. But I've found significant inconsistencies in what the indicator is identifying. I've compared all time frames on EUR/USD vs both the USDX and DXY. These pairs correlate in a near perfect way, but your indicator is not identifying them as such. I think it is something to do with a slight divergence in price at reversal and breakout points, as well as some coding issues to what you're calling a breaker or a block. Maybe close to conventional supply and demand theory but in my experience and understanding, it is not what you're calling it. Have you tried comparing the two charts, the EURO next to DXY or USDX with your indicator? Take a look to see what I mean. They should be calling out nearly all the same points but do not. I'm not just complaining as I wish someone could achieve truly identifying these points as they are the true structure to price action. Your thoughts?

Hie and thank you for your question 🙏, Correlation does not mean 2 different pairs have the exact same candle formation per every minute, it just means the 2 pairs sentiment are in alignment. All the "key level" indicators work by picking a certain candle pattern formation and drawing and alerting soon as it appears with the objective to prevent guessing or forcing patterns where there are not. "Breaker block" and "Order block" where popularised by ICT followers and I went to a further extent to make the indicators only pick the ones which have imbalance which are the one considered high probability from alot of SMC courses aswell if you have watched any. Also I made a separate "supply and demand" indicator which follows Sam seidan explanation the person who popularised it, I made it only pick the A+ setups according to his probability enhancer examples with the option to choose different types of supply and demand aswell.

So I assure the indicators are doing exactly as they are supposed to do according to their names and I made alot of free YouTube videos to demonstrate how they work and how I personally use and even posted live trading chart examples aswell. I had wrote in the description for people to watch the videos first which are under the indicators to understand better but if you haven't feel free to go to my YouTube channel "shades and trades fx" to get a more detailed explanation of the indicators aswell. I hope I managed to answer your question.

seanp07 2022.12.27 06:56 #3

Okay thank you for your reply and yes I had already watched the videos to see the explanation, but if a candlestick pattern is present and gives a breaker or block painted indication on EURUSD, and that same exact candlestick pattern exists on a dollar chart - just inverted, why doesn't the indicator print the same correlating signals? Have you looked at what I mean? Maybe there is a way to better the indicator if there is a specific reason it is doing that, which seems to me it could be the very slight divergence that happens between the two pairs, but both would still be considered breakers or blocks - respectively, if drawn manually. The reason to compare the two nearly identical charts in the first place are to confirm consistency in the signal, otherwise we are just trusting colors printed on a chart by an algorithm that may be flawed or not doing what you think it's doing. Make a video proving me wrong or further educating why what I am saying is occurring, I bet you would get good views on it!

Presley Annais Tatenda Meck 2022.12.27 07:11 #4

seanp07 #:
Okay thank you for your reply and yes I had already watched the videos to see the explanation, but if a candlestick pattern is present and gives a breaker or block painted indication on EURUSD, and that same exact candlestick pattern exists on a dollar chart - just inverted, why doesn't the indicator print the same correlating signals? Have you looked at what I mean? Maybe there is a way to better the indicator if there is a specific reason it is doing that, which seems to me it could be the very slight divergence that happens between the two pairs, but both would still be considered breakers or blocks - respectively, if drawn manually. The reason to compare the two nearly identical charts in the first place are to confirm consistency in the signal, otherwise we are just trusting colors printed on a chart by an algorithm that may be flawed or not doing what you think it's doing. Make a video proving me wrong or further educating why what I am saying is occurring, I bet you would get good views on it!

I don't think divergence should affect the way candle pattern is printed because indicators are just math basically if 1 + 1 happens it prints 2, I know different brokers may give slightly different candle sticks but feel free to give me the timeframe and date where the 2 patterns should appear on both the pairs and I'll gladly take a look to see if there's anything wrong and rectify it or you can message me the screenshots aswell in my messages and I will take a look.

seanp07 2022.12.27 07:44 #5

Okay sounds good I understand 1+1 then 2 will print as programed, but we know how heavily the markets are manipulated yet somehow have constant correlation percentages and underlying structure or patterns, some much more than others. I will message you some examples tomorrow of what I'm seeing, thanks for taking the time to discuss

Presley Annais Tatenda Meck 2022.12.27 07:46 #6

seanp07 #:
Okay sounds good I understand 1+1 then 2 will print as programed, but we know how heavily the markets are manipulated yet somehow have constant correlation percentages and underlying structure or patterns, some much more than others. I will message you some examples tomorrow of what I'm seeing, thanks for taking the time to discuss

No problem hey, you just send them through and we'll go through them together. I'll be here

Presley Annais Tatenda Meck 2022.12.28 07:09 #7

seanp07 #:
Okay sounds good I understand 1+1 then 2 will print as programed, but we know how heavily the markets are manipulated yet somehow have constant correlation percentages and underlying structure or patterns, some much more than others. I will message you some examples tomorrow of what I'm seeing, thanks for taking the time to discuss

I hope I managed to give a clear explanation of your charts in the messages.

elite luis 2023.02.27 04:58 #8

Dear Author, I loaded your key level order block +breaker + wedge this 3x indicators but none is working on renko offline chart, whereas I loaded other indicator like the trendline see pic attached is working, my other indicator all working on renko offline chart except your indicators not working, appreciate you can fix to add the support for renko because is also popular if your indicator can work on renko can get more sales too win-win, awaiting your good news after you make your 3x indicator work on renko mt4, and renko mt5 please let me know? Because I am interested to get your mt5 version also provided it can work on mt4 renko, please add the code to support renko upon is done working on renko please let me know? Thanks alot and hope to hear from you soon...

Presley Annais Tatenda Meck 2023.02.27 08:09 #9

elite luis #:

Dear Author, I loaded your key level order block +breaker + wedge this 3x indicators but none is working on renko offline chart, whereas I loaded other indicator like the trendline see pic attached is working, my other indicator all working on renko offline chart except your indicators not working, appreciate you can fix to add the support for renko because is also popular if your indicator can work on renko can get more sales too win-win, awaiting your good news after you make your 3x indicator work on renko mt4, and renko mt5 please let me know? Because I am interested to get your mt5 version also provided it can work on mt4 renko, please add the code to support renko upon is done working on renko please let me know? Thanks alot and hope to hear from you soon...

Hie how are you and thanks for your comment. Order blocks and breaker blocks come from ICT and the simplest definition of an order block is when there is a candle stick, and the next candle stick is impulsive and goes in the opposite direction engulfing the previous candle stick.

So the indicator is coded within the rules of the definition and unfortunately renko charts are not time based and do not form engulfing candles and so the pattern won't be detected ☹️. But the order blocks and breaker blocks where found to work on Volatility indices like Crash and boom tho. Any adjustments will likely lead to incorrect signals and mostly likely a bad experience so I would suggest you use it on time based charts and mark the zone, the plot the zone on an offline chart like renko.

onker911 2023.03.16 03:45 #10

Hi

I recently purchased both the Key Level Order Block and Key Level breaker Block indicators for back testing, I have noticed that the key level breaker block doesn't work as expected in back testing in the sense that when it is unchecked to have the chart clean, it remains on the chart and there's no way to clear it by clicking. I back test with soft 4x and I also use custom time frames such as H5, H10 & H22. I would love to have this fixed so I can take my trading to the next level. Thank you in advance.

Presley Annais Tatenda Meck 2023.03.16 07:44 #11

onker911 #:

Hi

I recently purchased both the Key Level Order Block and Key Level breaker Block indicators for back testing, I have noticed that the key level breaker block doesn't work as expected in back testing in the sense that when it is unchecked to have the chart clean, it remains on the chart and there's no way to clear it by clicking. I back test with soft 4x and I also use custom time frames such as H5, H10 & H22. I would love to have this fixed so I can take my trading to the next level. Thank you in advance.

Hie how are you and thanks for your review, I also use soft4fx simulator and just tried it out and everything is working well including the button. I can send you the video in your messages to show you if you like, if the button to clear charts is not be functioning well it be because of the version of your Soft4fx causing it unfortunately :(