Create Order Block Indicator

MQL5 Indicators Forex

Job finished

Execution time 4 days
Feedback from customer
Chaoping asked a lot of questions, and that's something that I love. I will definitely be working with this developer again!
Feedback from employee
Very good buyer, looking forward to the next cooperation.

Specification

I need an order block Indicator created.


Order Block Definition

Candle

Bullish

Bearish
A Bearish Candle   Bullish Candle 
B Bearish Candle & Close < Candle A Low Bullish Candle & Close > Candle A High
C Bullish Candle & Close > Candle B High Bullish Candle & Close > Candle B High



Order Block + Fair Value Gap Definition

This is a variation of the order block that uses a Fair Value Gap to validate the order block.

It works the same way but the candle pattern now is 4 candles instead of 3.

Candle

Bullish

Bearish

A Bearish Candle   Bullish Candle 
B Bearish Candle & Close < Candle A Low Bullish Candle & Close > Candle A High
C Bullish Candle & Close > Candle B High
Bullish Candle & Close > Candle B High
 D  Candle D Low > Candle B High

 Candle D High < Candle B Low




Example on what it should look like on MT5


No FVG


With FVG




Returning Buffers

  • Orderblock
    • High 
    • Low
    • Open
    • Close
    • Type (Bullish = 1 || Bearish = -1)
    • Time (Epoch)






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Project information

Budget
45+ USD