Market / MetaTrader 4 / Indicators /

Order Block Indicator MT4

224 USD

Demo downloaded: 588

Published: 6 February 2022

Current version: 1.4

Order Block Indicator MT4

Indicators
Diego Arribas Lopez
Version: 1.4
Updated: 17 February 2023
Activations: 5

[MT5 Version]

Order Block Indicator MT4

Order Block Indicator MT4 is currently the most accurate and customizable indicator in the market. It has been developed to facilitate the analysis of operations based on Order Blocks and Supply and Demand Zones. These zones are possible reversal points of a movement. Order Blocks indicate a possible accumulation of orders in one area. The price usually gets to reach and react strongly to those areas. The most relevant levels for this reaction are the candle wick, body or 50% of the candle. The higher the timeframe the most success probability you find with the corresponding Order Block. For intraday H1, H4 and Daily Order Blocks are a good references to look for price reaction and guess the direction of the next price movement.

Order Block Indicator MT4 highlights active order blocks of up to 4 TFs simultaneously.

At the same time, Order Block Indicator provides a visual alert system, integrated in the interactive UI, that allows you to recognize at a glance if the price is within a block of orders without having to represent it in the chart. The white box below each timeframe serve this purpose, it turns green or red inf prices reaches a bullish or bearish Order Block in the timeframe above it. This works even if the Order Blocks are not shown in the chart.

Touched OBs get invalid after the price bounces out of them and are removed from the chart for a better visibility.

Some of the characteristics of the indicator are the following:

Time saving
Highly customizable
Indicates the arrival of the order blocks without overloading the chart
Up to 4 simultaneous TFs
Functional on all pairs (Cryptos, Forex, Stocks, Indices, Commodities ...)
Perfect for Scalping or Swing trading
Highlights possible market reversal zones
Sofisticated alerts and notifications system

Input parameters

Timeframes:

TF 1
TF 2
TF 3
TF 4

In case of choosing repeated timeframes, only the selected ones are represented by the indicator (possibility of changing from 1 to 4 TFs)

Visibility:

TF 1 visibility
TF 2 visibility
TF 3 visibility
TF 4 visibility

Performance:

Activate performance mode: activate performance mode. It consists of a simpler representation of the order blocks / zones to guarantee perfect fluency in computers with lower performance. This mode only changes the Order Block representation from Canvas to Retangles, this way the indicator works smooth in computers with less resources. Please take in considerantion Metatrader overlapping color rules if you are using the performance mode.
Candle tolerance for Order Blocks: higher tolerance represents more hidden order blocks in lateral zones

Representative levels:

Show the wick of the Order Block Candle: highlight the wick of the Order Block
Show the body of the Order Block Candle: highlight the body of the Order Block
Show the 50% of the Order Block Candle: mark the medium level of the order block

Interface:

Button size X: button width
Button size Y: button height
Indicator position: position of the indicator (up / down & left / right)

Start date

Starting date: select a start date for the indicator order block search

Notifications

(new) Simultaneous OBs touched in different TFs for Alerts: OBs reached in different TFs to enable alerts.
Activate Alerts: enable this parameter to receive a notification in your Metatrader terminal when the price enters an order block
Activate Notifications: enable this parameter to receive notifications from the Metatrader phone application when the price enters an order block
(new) Activate Email Notifications: enable email notifications (Email settings need to be enable in the Terminal Settings).

Colors

Transparency: transparency of the blocks of orders. (Not active for performance mode)
TF 0 Bear: color of zones sale in TF 0
TF 0 Bull: color of zones buy in TF 0
Lines Color Bear: color of representative levels in bandage zones
Lines Color Bull: color of representative levels in buying zones
TF Color active: color of the TF button if it is visible
TF Color deactivate: color of the TF button if it is deactivated

Author

Diego Arribas, private investor and speculator, automation engineer in the aerospace industry.

more...

knp478 2022.05.13 17:48 #

Very powerful indicator. If you're someone like me and are always looking for continuous ways to fine-tune your strategy. I'd recommend this indicator. Price reacts hard to the OBs, is very accurate, and helps build more confluence. I have tried a few Order Block indicators on here. This one is my favorite, and it's the most user-friendly one (super clean on your chart). I like how you can click on the m15, h1, h4, and daily timeframes with a single button to turn on/off the OBs. Give it a try, you won't regret it!

1135

man1980 2022.02.15 17:38 #

really enjoying this indicator only renting it for now, but this a powerful indicator

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MT5 Version Williams Vix Fix MT4 Need help trying to time the bottoms in the market? Williams Vix Fix MT4 is based on the volatility of the market and grants a huge support for finding out when a correction is comming to its end. TRY IT FOR FREE NOW! Williams Vix Fix MT4 derivates from Larry Williams's VixFix indicator addapted for fitting every asset class . VIX reprensents the fear and greed in the market based on its volatility. A high VIX value shows fear in the market, this is usually a

129 USD

MT5 Version Fear and Greed MT4 Indicator Uncertain at the time of making the decision to realize total or partial profits? Fear and Greed MT4 provides great help with a high level of reliability when making such decistions. TRY IT FOR FREE NOW! Fear and Greed MT4 is the first indicator that offers information on the Fear and Greed level in the market for MT4. It has been developed to facilitate the decision-making at the time of entring a trade and taking total or partial profits. It shows possi

129 USD

[ MT4 Version ] Structure Breakout EA MT5 Structure Breakout EA is an Expert Advisor inspired by structure breakout trading. It seeks to capture the explosive movements that follow a period of consolidation. It allows the user to adapt the EA to trend breakouts automatically recognized by the robot or to price structure breakouts. It is also highly customizable, which allows it to be easily adapted to different pairs, timeframes and risk profiles. It is independent of market sessions. The numbe

147 USD

MT4 Version Fear and Greed MT5 Indicator Uncertain at the time of making the decision to realize total or partial profits? Fear and Greed MT5 provides great help with a high level of reliability when making such decistions. TRY IT FOR FREE NOW! Fear and Greed MT5 is the first indicator that offers information on the Fear and Greed level in the market for MT5. It has been developed to facilitate the decision-making at the time of entring a trade and taking total or partial profits. It shows pos

129 USD

[ MT5 Version ] Advanced Bollinger Bands RSI EA MT4 Advanced Bollinger Bands RSI EA is an Expert Advisor based on the worldwide known strategy BB & RSI. This strategy uses the Bollinger Bands indicator in combination with the RSI, the signal triggers only when both the BB and the RSI indicate at the same time overbought or oversold conditions. Both indicators make a great combination to anticipate big explosive moves. Advanced Bollinger Bands RSI EA grants the user the posibity to use 3 differen

77 USD

MT5 Version SMT Divergences MT4 SMT Divergences is one of the most innovative indicators in the market. It offers the possibility of analyzing price divergences between 2 pairs. These divergences highlight and help to foresee what banks and institutions are planning to do. SMT divergences also provides you with a kill zones indicator and the possibility of filtering divergences occurring during these kill zones. The strategy tester is limited in MT4. Contact the author to get your Demo Version

224 USD

MT4 Version Wave Trend MT5 Wave Trend is an oscillator, which helps identifing in a extremely accurate manner market reversals. The Oscillator being obove the overbought level and a cross down of the fast into the slow MA usually indicates a good SELL signal. If the oscillators is below the oversold level and the fast MA crosses over the slower MA usually highlights a good BUY signal. The Wave Trend indicator can be also used when divergences appear against the price, indicating the current move

129 USD

MT4 Version TTM Squeeze Momentum TTM Squeeze Momentum is an enhanced indicator ideal for recognizing consolidation periods in the market and the start of the next explosive move. This improved version is a volatility indicator based on John Carter's "TTM Squeeze" in which the histogram is based on a linear regression rather than a simple momentum indicator. Red dots on the middle line indicate that the market has entered a "Squeeze" zone or consolidation period, indicated in this enhanced versio

129 USD

[ MT4 Version ] Backtesting Simulator Are you tired of spending months on demo or live accounts to test your trading strategies? The Backtesting Simulator is the ultimate tool designed to elevate your backtesting experience to new heights. Utilizing Metatrader historical symbol information, it offers an unparalleled simulation of real market conditions. Take control of your testing speed, test ideas quickly or at a slower pace, and witness remarkable improvements in your testing performance.

74 USD

MT5 Version Advanced Range Breakout Advanced Range Breakout allows you to trade breakouts in an impossible way for any human being. This EA focuses on entering breakouts as soon as the price moves over them, keeping a tight trailing stop loss (TSL) to catch as much as possible of breakouts' characteristic explosive price movements while protecting the trade if it turns out to be a fakeout. Feel free to get in touch we me to find out how I successfully managed to passed a prop firm challeng

147 USD

MT4 Version Gaussian Channel MT5 Gaussian Channel MT5 is the first indicator in the market that uses Ehlers Gaussian Filter methods to define trends. Nowadays, this Gaussian Channel is highly known as a method to support HOLD techniques in crypto. If the price is above the channel the trend is strong, if it comes back to the channel this can react as a resistance and indicate the beginning of a bear market (or Winter) if the price breaks below it. Eventhough the use of this channel focuses on hi

64 USD

[ MT5 Version ] [ Telegram Signals ] MT4 to Discord Signals Connect your broker account with Discord and stop missing important notifications. Would you like to receive Discord notifications? Are you looking for a simple way to share trade signals with your followers? Do you need to start documenting your trades with an automated trading diary? Check out this step-by-step Tutorial . This utility is simple to use and supports a wide variety of settings: Pick your desired Discord channel and

49 USD

MT4 Version Multi Timeframe MA MT5 Multi Timeframe MA MT5 is an indicator that offers the representation of up to 3 MAs with different Periods and Timeframes. This allows the user to reprensent in one chart and timeframe information coming from other timeframes and get notified as any of the MAs crosses another one. Multi Timeframe MA is the first indicator in the market that offers Multi Timeframe interactions and a high customization level from up to 7 different MA types (SMA, EMA, WMA, Smooth

129 USD

MT5 Version Wave Trend MT4 Wave Trend is an oscillator, which helps identifing in a extremely accurate manner market reversals. The Oscillator being obove the overbought level and a cross down of the fast into the slow MA usually indicates a good SELL signal. If the oscillators is below the oversold level and the fast MA crosses over the slower MA usually highlights a good BUY signal. The Wave Trend indicator can be also used when divergences appear against the price, indicating the current mo

129 USD

[ MT4 Version ] Advanced Bollinger Bands RSI EA MT5 Advanced Bollinger Bands RSI EA is an Expert Advisor based on the worldwide known strategy BB & RSI. This strategy uses the Bollinger Bands indicator in combination with the RSI, the signal triggers only when both the BB and the RSI indicate at the same time overbought or oversold conditions. Both indicators make a great combination to anticipate big explosive moves. Advanced Bollinger Bands RSI EA grants the user the posibity to use 3 differen

77 USD

MT4 Version Kill Zones Kill Zones allows you to insert up to 3 time zones in the chart. The visual representation of the Kill Zones in the chart together with an alert and notification system helps you to ignore fake trading setups occurring outside the Kill Zones or specific trading sessions. Using Kill Zones in your trading will help you filter higher probability trading setups. You should select time ranges where the market usually reacts with high volatility. Based on EST time zone, f

30 USD

[ MT5 Version ] Backtesting Simulator Are you tired of spending months on demo or live accounts to test your trading strategies? The Backtesting Simulator is the ultimate tool designed to elevate your backtesting experience to new heights. Utilizing Metatrader historical symbol information, it offers an unparalleled simulation of real market conditions. Take control of your testing speed, test ideas quickly or at a slower pace, and witness remarkable improvements in your testing performance. For

74 USD

MT5 Version Kill Zones SMT Divergences Order Blocks ICT The Order Blocks ICT indicator is a powerful tool for traders looking to gain an edge in the market. This indicator is based on the order flow and volume analysis, which allows traders to see the buying and selling pressure behind the price action. This information can be extremely valuable in identifying key levels of support and resistance, as well as potential turning points in the market. The Order Blocks ICT indicator is easy

177 USD

[ MT4 Version ] [ Order Blocks ] [ Kill Zones ] [ SMT Divergences ] ICT Breakers Multi TF The ICT Breakers Multi TF indicator is currently the most accurate and customizable indicator in the market. It has been designed to give you a strategic edge for trades based on Breaker Blocks and Smart MT. Please note that the UI in the strategy tester may be laggy. However, we assure you that this is only a testing environment issue and that the indicator works perfectly in the real product. The I

134 USD

MT5 Version TTM Squeeze Momentum TTM Squeeze Momentum is an enhanced indicator ideal for recognizing consolidation periods in the market and the start of the next explosive move. This improved version is a volatility indicator based on John Carter's "TTM Squeeze" in which the histogram is based on a linear regression rather than a simple momentum indicator. Red dots on the middle line indicate that the market has entered a "Squeeze" zone or consolidation period, indicated in this enhanced vers

129 USD

MT4 Version Order Blocks Zone Scalper is dedicated to all people who like order blocks trading but do not have the time to stare at the charts every day or the discipline to follow a trading strategy. It is also for everyone who likes to experiment and optimize parameters on their own. If you belong to this type of person, it is your lucky day, as I decided to keep all EA parameters available to you so that you can optimize the EA to your own taste. To understand how this EA works, come read my

224 USD

[ MT4 Version ] Order Block Indicator MT5 Order Block Indicator MT5 is currently the most accurate and customizable indicator in the market. It has been developed to facilitate the analysis of operations based on Order Blocks and Supply and Demand Zones. These zones are possible reversal points of a movement. Order Blocks indicate a possible accumulation of orders in one area. The price usually gets to reach and react strongly to those areas. The most relevant levels for this reaction are the c

224 USD

MT4 Version Advanced Daily Breakout Advanced Daily Breakout allows you to trade session breakouts in an automatic way and with an accurate order and risk managing. This EA focuses on defining the session range and trading its breakout. You can let the trade run until the end of the session or keep a tight trailing stop loss (TSL) to catch as much as possible of breakouts' characteristic explosive price movements while protecting the trade if it turns out to be a fakeout. There are three main

147 USD

MT4 Version Advanced Range Breakout Advanced Range Breakout allows you to trade breakouts in an impossible way for any human being. This EA focuses on entering breakouts as soon as the price moves over them, keeping a tight trailing stop loss (TSL) to catch as much as possible of breakouts' characteristic explosive price movements while protecting the trade if it turns out to be a fakeout. Feel free to get in touch we me to find out how I successfully managed to passed a prop firm challeng

147 USD

MT5 Version Kill Zones Kill Zones allows you to insert up to 3 time zones in the chart. The visual representation of the Kill Zones in the chart together with an alert and notification system helps you to ignore fake trading setups occurring outside the Kill Zones or specific trading sessions. Using Kill Zones in your trading will help you filter higher probability trading setups. You should select time ranges where the market usually reacts with high volatility. Based on EST time zone, followi

30 USD

[ MT4 Version ] [ Telegram Signals ] MT5 to Discord Signals Connect your broker account with Discord and stop missing important notifications. Would you like to receive Discord notifications? Are you looking for a simple way to share trade signals with your followers? Do you need to start documenting your trades with an automated trading diary? Check out this step-by-step Tutorial . This utility is simple to use and supports a wide variety of settings: Pick your desired Discord channel and en

49 USD

[ MT4 Version ] [ Discord Signals ] MT5 to Telegram Signals Connect your broker account with Telegram and stop missing important notifications. Would you like to receive Telegram notifications? Are you looking for a simple way to share trade signals with your followers? Do you need to start documenting your trades with an automated trading diary? Check out this step-by-step Tutorial . This utility is simple to use and supports a wide variety of settings: Pick your desired Telegram group

30 USD

[ MT4 Version ] Ultimate Alpha Trend MT5 Ultimate Alpha Trend is the first trend indicator, which combines volatility, volume, average price and momentum. The results is a highly versatile representation of trendy and sideways market conditions, highlighting, at the same time, significant supply and demand levels. The Ultimate Alpha Trend indicator can be used to find entry oportunities and to set SLs taking into consideration current market volatility, volume and momentum. Besides that, the in

129 USD

Lumos Lumos is a multifunctional trading assistant. It gives an overview of the current market situation for a better decision making. The strategy tester only provides a visualization of the application. Lumos is highly customizable and gives you information in multiple timeframes about: MAs, price structure, RSI, RSI MA and an overview of the price distance to possible SLs.

FREE

[ How to use the Demo version ] [ MT5 Version ] AO unpaid divergences MT4 AO unpaid divergences is the first indicator developed to detailed analyze Regular and Hidden Divergences. It uses this analysis to find out possible entry points and targets. Below some of the characteristics of this indicator: Time saving Highly customizable Working for all pairs (Crypto, Forex, Stocks, Indices, Commodities...) Suitable for Scalping or Swing trading Possible reversal swings Alerts and Notifications on

224 USD

Filter:

ralday99 2022.07.01 16:33 #

I ented but it does not work on my Demo MT4. let me know if you can send instructions.Thanks

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Reply from developer Diego Arribas Lopez 2022.07.01 17:25 #

Helloy ralday99, please go to the chart where you activated the indicator. Then go to the indicator list (Ctrl + i) and check if you see the Order Block indicator, if not add it again to that graph. If it appears you will see 4 buttons on the chart top left corner in a grey color with the default TFs (M15, H1, H4 and D1). Click on those buttons to switch between show and hide order blocks.

knp478 2022.05.13 17:48 #

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Reply from developer Diego Arribas Lopez 2022.05.14 19:09 #

Thank you very much for your review knp478 :D. Enjoy the indicator!

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Olayemi Sulaiman 2022.03.22 18:49 #

Hello Diego, I just rented your indicator. I'll like some help with the best settings

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Reply from developer Diego Arribas Lopez 2022.03.22 20:33 #

Hello Olayemi, the best settings is a bit too general. I just sent you a private message, let us discuss it there :)

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man1980 2022.02.15 17:38 #

really enjoying this indicator only renting it for now, but this a powerful indicator

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Reply from developer Diego Arribas Lopez 2022.02.15 22:39 #

Happy to hear that! Thank you for your feedback :D

Version 1.4 2023.02.17

UI Separation X and Separation Y added to the inputs

Version 1.3 2023.02.17

UI Separation X and Separation Y added to the inputs

Version 1.2 2023.01.11

Updated new UI

Version 1.1 2022.07.26

New notification options:
- Simultaneous OBs touched in different TFs for Alerts: OBs reached in different TFs to enable alerts.
- Activate Email Notifications: enable email notifications (Email settings need to be enable in the Terminal Settings).

Description quality and completeness
Reliability and usability
User support