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  • Reviews (5)
  • Comments (7)
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Simple Order Blocks

3

An order block also known as a block of order is a significant order placed for sale or purchase of a large number of securities. They are often used by institutional traders, and is a different way of looking at support and resistance. These levels are temporally used, before new levels and areas of interest are created.

The simple order block indicator attempts to find the order blocks, which are more often than not optimal trade entries. The primary strategy when using the indicator when making entries at strategic points, we expect the price to move away from that price point and should not return. If the price returns, then the strategy becomes violated. Because of that, the stop loss should be brought to breakeven after a few pips have been booked, say 10–15 pips.

Simple order blocks indicator works best on the H4 timeframe.

NOTE: Press SHIFT key to refresh the indicator whenever the order blocks become distorted.


How it works

The simple order blocks indicator draws areas where institutional order flows are likely to occur. When the price gets to the highlighted area, an alert will go off, prompting for your actions.

You will then decide whether to buy or sell, depending on market conditions.

The Simple Order Block has alerts, so you do not have to stare at the charts all day long.

Load the indicator to the charts and you will receive alerts when it finds the entry points.


Inputs

  • Order Block Color - color of blocks. The default is set to gray.
  • Max Width Limit of Order Block (in Points) - limit the width of the order block to a certain value. Longer widths tend not to work.
  • Min Width Limit of Order Block (in Points) - limit the width of the order block to a certain value. Shorter widths tend not to work.
  • MT4 Alerts - send alerts through the desktop platform when price gets to the block.
  • Email Alerts - send alerts through email when price gets to the block
  • Phone Alerts - send alerts through the phone app (push notifications) when price gets to the block


Reviews 5
Lev Vladimirovic Marushkin
1696
Lev Vladimirovic Marushkin 2018.03.23 17:43 
 

This is the first TRUE supply and demand indicator which recognizes true BANK supply and demand extremely early. I have no clue how it works but it works like crazy. Feels like the holy grail :) This indicator should be renamed to: Bank Supply and Demand. Finally we know where the BIG BOYS have their positions.

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Having to check constantly if your RSI has reached a specific level can be tedious and draining at times, especially if you have to monitor different asset classes at a time. The Alert RSI indicator will assist in this task, ensuring that you get the most with little effort. When the RSI values get to a specified level, the alerts will go off, on the chart, on the MT4 phone app or via email (You can receive text messages to your phone if you activate texts on your Gmail account). The indicator d
FREE
Simple Trend Info
Richard Waweru
5 (1)
According to experts, trading against the trend is said to be hazardous, and perhaps sometimes it is a mistake that we easily make. Simple Trend Info is designed to display the trend of an asset class on different time frames and assists in minimizing trading against the trend. It uses the conventional moving averages to determine whether the trend is bullish or bearish and displays the trend on the screen. The time frames are limited to 5 options and you can adjust them as per your needs. The d
MACD Divergence with arrows complements the MACD indicator. It scans for divergence within the MACD oscillator then draws arrows on the entry points in the chart window. NB:The indicator does not bring up the MACD window nor does it draw lines on the MACD window. The screenshots are a mere description of how they work. The user will become alerted whenever a divergence is in progress and should WAIT for the perfect moment to make an entry. Perfect entries can be anything basic such as support an
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juliea21
399
juliea21 2021.05.11 19:03 
 

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Jamie Daniel Thompson
163
Jamie Daniel Thompson 2019.10.04 12:19 
 

Not as good as first thought!

SugarCougar
24
SugarCougar 2019.09.10 12:14 
 

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bcfclarence
77
bcfclarence 2018.09.05 11:23 
 

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Lev Vladimirovic Marushkin
1696
Lev Vladimirovic Marushkin 2018.03.23 17:43 
 

This is the first TRUE supply and demand indicator which recognizes true BANK supply and demand extremely early. I have no clue how it works but it works like crazy. Feels like the holy grail :) This indicator should be renamed to: Bank Supply and Demand. Finally we know where the BIG BOYS have their positions.

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Version 1.1 2018.03.01
Small bug change: No. of indicator buffers from 8 to 2