Order Block Pro MT5
- Indicators
- 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 directly on your chart. By analyzing consolidation candles followed by strong impulsive candles, this tool highlights key zones where price movements are likely to accelerate.
This indicator is ideal for traders who want to:
- Precisely identify entry and exit points.
- Detect dynamic support and resistance zones.
- Improve risk management and trading strategies.
Main Features
Bullish Order Block (OB) Detection
Consolidation candles signaling a strong bullish movement are identified with a green arrow displayed on the chart.
Bearish Order Block (OB) Detection
Consolidation candles signaling a bearish movement followed by a strong bearish impulse are identified with a red arrow displayed on the chart.
Full Customization
- Maximum candle body size for consolidation ( BodyMaxRatio )
- Minimum size of the next candle to confirm the movement ( NextCandleMinPct )
- Arrow offset on the chart ( Arrow_Offset_Pts )
Marketplace Ready
Optimized and clean code, fully compliant with MQL5 Marketplace standards.
Input Parameters
| Parameter | Description |
|---|---|
| Up Arrow Code | Wingdings code for UP arrow (default: 233) |
| Down Arrow Code | Wingdings code for DOWN arrow (default: 234) |
| Arrow_Offset_Pts | Arrow offset in points (default: 10) |
| BodyMaxRatio | Maximum candle body ratio to consider consolidation (default: 0.4) |
| NextCandleMinPct | Minimum next candle ratio to confirm the move (default: 0.8) |
How to Use
- Apply the indicator to your MT5 chart.
- Adjust the input parameters according to your trading strategy.
- Green and red arrows indicate bullish and bearish order blocks respectively.
- Combine with other tools to confirm entries and exits.
Advantages
- Quickly identify significant price movements.
- Helps plan safer and more accurate trades.
- Suitable for both beginner and advanced traders.
- Simple and intuitive visual signals directly on the chart.
