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CEF Order Blocks MT5

CEF ORDER BLOCK SIGNALS

Description

This indicator points out zones in which, with a high probability, institutional orders with the potential to change the price’s direction and keep moving towards it, have been placed. 

How is this indicator useful?

  •  It will allow you to trade on the order’s direction, once its direction has been identified.
  • It will allow you to trade retracement or breakout patterns, everytime they occur in a given zone.
  • You’ll be able to identify potential resistance or support levels. Be mindful that you can use these levels as take profit zones.
  • You’ll be able to combine this indicator with trend and market maker patterns. In order to identify these patterns, both the “Trend Force” and “TDI Pro Signals” indicators are highly recommended.

Components

  • Horizontal green lines: These represent bullish order blocks.
  • Horizontal red lines: These represent bearish order blocks.
  • Green, red Arrows: Bullish or Bearish signal of recent OB Formed
  • Yellow Arrows: Bullish or Bearish signal of Breakout of OB.
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Version 1.31 2020.01.13
Updated Version