SMC Advanced Order Block MT4
- Indicators
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Lim Wei Liang
Algo Theory Studio | High-Performance Algorithmic Trading Tools
__________________________________________________________ - Version: 1.88
Advanced Order Blocks is an institutional-grade, zero-repaint order flow utility engineered for MetaTrader 5. Purpose-built for Smart Money Concepts (SMC) and price action traders, it tracks the full downstream lifecycle of Order Blocks, Breaker Blocks, Rejection Wicks, and Liquidity Pools in real time.
Documentation & SMC Suite :
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All-in-one SMC indicator: Looking for a single multi-tool? Check out SMC Analytics, our flagship indicator featuring Market Structure (BOS/CHoCH), Fair Value Gaps (FVG), Equal Highs/Lows, HTF Liquidity (PDH/PDL), and Premium/Discount Zones.
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Core Zone Lifecycles
1. Order Block Lifecycle
Active ➔ Mitigated ➔ Invalidated / Breaker
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Active : Fresh institutional supply/demand zone formed by validated structure breaks.
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Mitigated : Price retests the near-side edge of the zone, re-coloring it to reflect reduced liquidity.
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Invalidated / Breaker : A full candle close beyond the zone breaks its boundary, automatically flipping it into a Breaker Block with inverted bias.
2. Liquidity Pool Lifecycle
Active ➔ Swept ➔ Flipped
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Active : Untouched resting liquidity resting at pivot highs (Buyside) or pivot lows (Sellside).
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Swept : Price raids the pool with a wick, tagging the level and updating its state to (Swept).
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Flipped : A decisive candle close past the pool converts resting liquidity into key structural Support/Resistance (Flipped).
Key Technical Features
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Strict No-Repaint Execution : Built on 100% closed-bar evaluation. Developing candles stretch zone boundaries dynamically for visual precision, but signals, colors, and historical states never change once a bar closes.
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Dual Structure Tracking : Simultaneously monitors both Internal (short-term) and Swing (long-term) market structures, detecting both minor mitigation zones and major trend-defining order blocks.
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Dynamic Equal Level Merging : Identifies resting Buyside (BSL) and Sellside Liquidity (SSL). Automatically combines nearby equal highs/lows within a configurable ATR tolerance and tags consolidated levels (x2, x3, x4).
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Institutional Rejection Blocks : Isolates high-probability rejection wicks at key swing turning points before full market structure breaks occur.
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Proprietary MT5 Overlap Fix : Fixes MT5's default graphic engine bug where overlapping filled boxes create transparent "holes" on the chart. Same-bias overlapping zones seamlessly auto-merge.
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Clutter-Free Text Labelling : Automatically consolidates text labels when multiple zones occupy identical price levels, keeping your charts readable.
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Multi-Channel Alert System : Real-time push notifications to MT5 Mobile, terminal popups, and email alerts when price enters active zones or raids key liquidity levels.
Input Configuration Overview
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Structure Settings : Toggle swing and internal lookback periods, select break triggers (Candle Close vs. Wick), and configure ATR noise filters.
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Order Blocks & Breakers : Custom maximum zone limits, opacity settings, color palettes for light/dark chart templates, and breaker retest expiry conditions.
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Liquidity Pools : Adjust equal level merge tolerances (in ATR multiples), max pool retention age, and sweep sensitivity.
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Notifications : Individual alert toggles for Order Block entries, Breaker transformations, and Liquidity Pool sweeps.

