OBFVG Auto Draw
- Indicators
- Version: 1.0
OBFVG Auto Draw
# What does this indicator do?
This indicator automatically draws two of the most powerful trading zones directly on your chart — Order Blocks (OB) and Fair Value Gaps (FVG). These zones highlight areas where large institutional traders (banks and funds) previously placed big orders, and where price is likely to react again in the future. Instead of spending hours manually marking these zones, the indicator finds and draws them for you in real time.
# Order Blocks (OB) — What are they?
An Order Block is a specific candle (or group of candles) before a strong price move. It represents a price level where institutions entered the market heavily. When price returns to this zone, it often bounces or reverses — making it a high-probability area to look for trades.
This indicator identifies three types of Order Blocks:
- ⭐ Extra-Strong OB — the most powerful zones; unusually large candles confirmed by structure on a lower timeframe
- Strong OB — standard high-quality institutional zones
- Weak OB — lower-priority zones (you can hide these with one click if preferred)
# Fair Value Gaps (FVG) — What are they?
A Fair Value Gap is a price "gap" left behind when price moves very quickly in one direction, skipping over a range of prices. Markets tend to come back and "fill" these gaps. The indicator marks both bullish and bearish FVGs, and even tracks Breakaway Gaps — gaps that get partially filled but remain valid.
# What makes a zone "mitigated"?
A zone is mitigated when price has fully traded through it — meaning the area has already done its job. The indicator automatically greys these out so you always focus on the freshest, untested zones.
Key Features at a Glance
- Automatically detects and draws OB and FVG zones on any chart or timeframe
- Three strength levels for Order Blocks (Extra, Strong, Weak)
- Tracks how many times price has touched each zone (touch counter)
- Shows the 50% midpoint line of every zone — a common entry or target level
- Zones extend to the right automatically so you can see what's still active
- Fully customisable colours for every zone type
- ATR filter removes tiny, insignificant zones from cluttering your chart
- Works in the Strategy Tester and passes MQL5 Market validation
How to use it — step by step
- Attach the indicator to any chart (works on all pairs and all timeframes)
- Coloured rectangles appear automatically — these are your active zones
- Blue/teal rectangles = bullish zones (look for buy opportunities when price enters)
- Red/pink rectangles = bearish zones (look for sell opportunities when price enters)
- Grey rectangles = mitigated zones (already used — for reference only)
- Wait for price to come back into a zone, then look for your entry signal (e.g. a rejection candle, a smaller timeframe pattern)
- Use the 50% midline inside each zone as a potential entry target or stop reference
Recommended Settings for Beginners
| Setting | Suggested Value | Why |
|---|---|---|
| Lookback Bars | 300–500 | Covers enough history without overloading the chart |
| Show Weak OBs | OFF | Keeps the chart cleaner, focus on stronger zones |
| Show Mitigated | OFF | Removes used zones from view |
| Extend Bars | 40–80 | Gives zones enough visual extension to the right |
| ATR Filter | ON | Filters out noise automatically |
Important notes
- This indicator does not place trades automatically — it is a visual analysis tool
- Best used alongside your own entry confirmation strategy (e.g. candlestick patterns, RSI, or market structure)
- Works on all forex pairs, indices, commodities, and crypto
- Compatible with MetaTrader 5 (MQL5) only
