I want to create indicator name is order block all in one devlope the mt4 indicator name is order block all in one

OrderBlocks.All-in-One

The OrderBlocks.All-in-One Indicator for MT4 identifies and plots unmitigated, mitigated, and breaker order blocks on the chart. It offers a clear view of market structure by displaying these blocks as colored rectangular areas with labels, helping you identify potential reversal and continuation zones.

Order Blocks were originally introduced by the ICT community and have since become a popular concept in forex trading. Essentially, Order Blocks function similarly to traditional support and resistance levels, forming at the highs and lows of price swings. The same trading principles apply: traders expect the price to either bounce off these levels or, if broken, to retest and continue in the same direction. Despite being based on an old forex concept, this indicator remains highly relevant and effective.

All in one

During the development of this indicator, we realized that the three common types of order blocks are simply different states of a single order block. Therefore, we opted to create an all-in-one indicator instead of separate indicators for each type.

So, the indicator includes the following three types of order blocks:

Unmitigated Order Blocks are zones which the price has not touched yet.

Mitigated Order Blocks are zones that have been touched by the price but not fully covered.

Breaker Order Blocks are zones where the price has fully covered the height of the order block.

These order blocks are displayed as rectangular areas on the chart, each labeled according to their type.

Also, different colors are used to distinguish between the types of order blocks, and the forming order block candle is also highlighted with a specific color.

   How the Order Block is identified

Order Block zones are determined by identifying a specific candle. The height of the block is equal to the height of this candle.

    

 

 Indicator follows a three-step process to determine the order block candle:

1  Identify Swing Highs and Lows: Uses the ZigZag indicator to find the low or high of the swing. The candle at the top or bottom is considered to be the OB candle, and further filters are applied.

 2   Body Comparison: The next candle after the order block candle should have a larger body than the order block candle.

  3  Shadow Check: The shadow of the third candle (following the next candle) should not touch the shadow of the order block candle.

Additionally, a filter can be enabled in settings to validate order blocks based on candle direction: bearish candles for lows and bullish candles for highs.

                    Indicator Settings Description 

 

Order Blocks Settings

OB Candle Type Filter: Toggle to filter order block candles by direction. If enabled, only bearish candles are valid for bullish order blocks, and only bullish candles are valid for bearish order blocks.

Lifetime of OB (ZZ points): Set the lifetime of the order block in ZigZag points. This means that the Order Block will end once the number of ZigZag swings specified in the settings has been exceeded.

Display Order Blocks: Toggle to show or hide specific types of order blocks.

Extend Zones for n Candles: Extend the zones for a specified number of candles.

Zones Text Size: Adjust the text size for zone labels.

  ZigZag Settings

Depth: Set the depth parameter for the ZigZag indicator.

Deviation: Adjust the deviation for the ZigZag indicator.

Backstep: Set the backstep for the ZigZag indicator.

Mark Peaks and Lows: Toggle to mark peaks and lows on the chart.

Peaks and Lows Dot Size: Adjust the dot size for peaks and lows.

Display the ZigZag Lines: Toggle to show or hide ZigZag lines.

Line ZigZag Width: Adjust the width of the ZigZag lines.

Line ZigZag Type: Set the line type for the ZigZag indicator.

        Presets and Custom color settings

Preset Colors: Choose from preset color schemes.

Select Custom Preset to set Custom Colors: By enabling this option, you switch from prebuilt themes to the custom colors you select.

Order Block Bear Candle: Set the color for bearish order block candles.

Order Block Bull Candle: Set the color for bullish order block candles.

Unmitigated Bearish Zone: Set the color for unmitigated bearish zones.

Unmitigated Bullish Zone: Set the color for unmitigated bullish zones.

Mitigated Bearish Zone: Set the color for mitigated bearish zones.

Mitigated Bullish Zone: Set the color for mitigated bullish zones.

Breaker Bearish Zone: Set the color for breaker bearish zones.

Breaker Bullish Zone: Set the color for breaker bullish zones.

Text Color: Set the color for text labels.

ZigZag Color: Set the color for the ZigZag lines.

IMPORTANT NOTE:-ALERT POP UP MESSAGE AND ALERT SOUND MUST BE ADDED WHEN BULLISH OR BERRISH ORDER BLOCK WILL BE CREATE.