Order Block Pro MT5
- Indicators
- N'da Lemissa Kouame
- Version: 1.0
- Activations: 5
Author: KOUAME N'DA LEMISSA
Platform: MetaTrader 5
Description:
Order Block Pro is an advanced indicator designed to automatically detect bullish and bearish Order Blocks on your chart. By analyzing consolidation candles followed by strong impulsive candles, this tool highlights key areas where price movements are likely to accelerate.
This indicator is perfect for traders who want to:
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Identify precise entry and exit points.
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Detect dynamic support and resistance zones.
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Enhance risk management and trading strategies.
Key Features:
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Bullish OB Detection:
Signals consolidation candles followed by a strong bullish move with a green arrow on the chart. -
Bearish OB Detection:
Signals consolidation candles followed by a strong bearish move with a red arrow on the chart. -
Full Customization:
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Maximum candle body size for consolidation ( BodyMaxRatio )
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Minimum size of the next candle to confirm the move ( NextCandleMinPct )
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Arrow offset on the chart ( Arrow_Offset_Pts )
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Marketplace Ready:
Optimized and clean code, fully compliant with MQL5 Marketplace standards.
Input Parameters:
| Parameter | Description |
|---|---|
| Arrow_Up_Code | Wingdings code for UP arrow (default: 233) |
| Arrow_Down_Code | Wingdings code for DOWN arrow (default: 234) |
| Arrow_Offset_Pts | Arrow offset in points (default: 10) |
| BodyMaxRatio | Maximum candle body ratio to consider a consolidation (default: 0.4) |
| NextCandleMinPct | Minimum next candle ratio to confirm movement (default: 0.8) |
How to Use:
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Apply the indicator to your MT5 chart.
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Adjust the input parameters according to your trading strategy.
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Green and red arrows will indicate bullish and bearish Order Blocks, respectively.
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Combine with other tools to confirm entries and exits.
Benefits:
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Quickly identifies significant price moves.
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Helps plan safer trades.
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Suitable for both beginner and experienced traders.
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Simple and intuitive visual signals directly on the chart.
