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Order Block Indicator MT5

[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 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 highlights active order blocks of up to 4 TFs simultaneously.

At the same time, Order Block Indicator MT5 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
  • Show the body of the Order Block Candle
  • Show the 50% of the Order Block Candle

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
  • Fill rectangles: fill the order blocks with the selected color
  • 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.

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Entry Pro Indicator is a powerful multi-functional trading tool designed to increase your market entry accuracy. It combines the power of several key market trend indicators, including ATR Trailing Stop and both fast and slow EMA, to provide comprehensive market insight. It offers easy-to-interpret market entry signals represented by colored arrows. Also, it's fully customizable, allowing you to adjust ATR and EMA periods to suit your trading strategy. Trend filters and alerts can be toggled on
WanaScalper
Isaac Wanasolo
1 (1)
A scalping indicator based on mathematical patterns, which on average gives signals with relatively small SL, and also occasionally helps to catch big moves in the markets (more information in the video) This indicator has three main types of notifications: The first type warns of a possible/upcoming signal on the next bar The second type indicates the presence of a ready signal to enter the market/open a position The third type is for SL and TP levels - you will be notified every time price r
BookMap HeatMap
Roberto Spadim
1 (3)
This Indicator creates a heatmap based on depth of market of the current symbol or another symbol. Other symbol is useful when you trade futures market and a contract has 'mini' and 'full' split. For example, in Brazil (B3 - BMF&Bovespa), WDO and DOL are future Forex contract of BRL/USD (where 1 DOL = 5 WDO) and big banks work mostly with DOL (where liquidity is important). Please use with M1 timeframe , objects are too small to be displayed at higher timeframes (MT5 limit). The number of level
Классификатор силы тренда. Показания на истории не меняет. Изменяется классификация только незакрытого бара. По идее подобен полной системе ASCTrend, сигнальный модуль которой, точнее его аппроксимация в несколько "урезанном" виде, есть в свободном доступе, а также в терминале как сигнальный индикатор SilverTrend . Точной копией системы ASCTrend не является. Работает на всех инструментах и всех временных диапазонах. Индикатор использует несколько некоррелируемых между собой алгоритмов для класси
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Diego Arribas Lopez
5 (2)
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[ MT4 Version ] Bulls and Bears Power Bulls and Bears Power is an indicator that clearly highlights if bulls or bears are currently in control of the market. A price movement started with high Bulls control in the market can indicate the beginning of a new trend movement. The relative indicator power between price peaks also indicates if the movement is losing strength and might foresee a significant correction or a trend reversal. Bulls and Bears Power indicator offers a clear and simplified vi
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Diego Arribas Lopez
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Diego Arribas Lopez
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5 (3)
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Diego Arribas Lopez
5 (1)
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Diego Arribas Lopez
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Diego Arribas Lopez
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MT5 Version Elliot Wave Oscillator MT4 Elliot Wave Oscillator MT4 is an indicator designed to support Elliot Wave counts. The default settings help filtering out the noise in the market allowing a clear perception for the waves counts in differnt timeframes.   Elliot Wave Oscillator high customization level allows the you to optimize this indicator to your personal preferences. Shorter Periods and faster reactive MAs will provide more infomation but will require a higher level of experience for
[ MT5 Version ] Structure Breakout  EA MT4 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
[ 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
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Version 1.12 2023.02.17
UI Separation X and Separation Y added to the inputs
Version 1.11 2023.01.11
Upgrade UI default settings
Version 1.10 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).