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Order Block Locator

The order block locator is powered by three main search algorithms thar can be used to find order blocks.

  1. Simple Fractal Search Algorithm
  2. Naive Fractal Movers Algorithm
  3. Candle Transition Algorithm

You can even combine the power of your 2 favourite algorithms and get the best of both worlds:

  1. Mixed Algorithm (Naive Fractal + Candle transition)
  2. Mixed Algorithm (Simple Fractal + Candle Transition


Simple Fractal Search Algorithm

The algorithm finds the fractals based on your setting paramers for candles around fractal high or low. When a price fractal is identified, we then search for an order block around the fractal zone.

This is not a realtime algorithm and its perfectly ok. It is fractal based. ?? What does that mean ?? A fractal (set of candles that meet a specific criteria or rules) must first be identified. In this case the rules detect whether we have a high or low. When a high or low has been identified, that is only and only when an Order block will be sought within that fractal. As such, because a fractal has to be identified first, the indicator does not repaint.  

For example: if you select that CandlesAroundFractal = 3, this means that for a fractal high/low to be identified there must be 7 candles that form the fractal, 1 candle at the extrema, 3 candles to the left and 3 candles to tha right. On the open of the 4th candle to the right the fratal will have been fully created and rules having been met - this is the point in time when the orderblock will be searched for. 

This algorithm only identies orderblocks at etremum points only i.e (Fractal Highs and Fractal Lows).

For an order block to be identified there must be x*CandlesAroundFractal. In other words for a candle to be a qualified orderblock it must have x candles around fractal on either side.


Naive Fractal Movers Algorithm

This algorithm is a modified version of the simple fractal search algorithm. It used a lower candle around fractal value. Recommended is 2/3. it then identifies only the orderblocks that have price that move away from the orderblock within a set candle count threshhold (fast move detection candle limit)


Candle Transition Algorithm

This algorithm identifies orderblocks by first identifying a a shift from bull to bear of from bear to bull candle. Then the next consecutive candles must be one directional.

Also for stricter orderblock selection you can choose to only identofy those whose shift candle is engulfing for strength identificaion.


Note:

The indicator will detect and plot bullish and bearish orderblocks for an timeframe your chart is currently displaying.



Enjoy happy charting :)

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My products are currently 50% off. Explore them and build your own strategy. Royal Scalping Indicator is an advanced price adaptive indicator designed to generate high-quality trading signals. Built-in multi-timeframe and multi-currency capabilities make it even more powerful to have configurations based on different symbols and timeframes. This indicator is perfect for scalp trades as well as swing trades. Royal Scalping is not just an indicator, but a trading strategy itself. Features Price A
Weis Wave with Alert MT5
Trade The Volume Waves Single Member P.C.
4.93 (15)
Rental/Lifetime Package Options and Privileges  * For optimum results the yearly or lifetime package is suggested due to live training ! Rent Monthly Six Months   Yearly/Lifetime Weis Wave with Speed with Alert+Speed Index x x x Manual  x x x Quick Set up Video x x x Blog x x x Lifetime Updates x x x Setup and Training Material x x Free Rectangle Break Alert Tool      x Discord Access Channel "The SI traders" x 2-hour live methodology training x How to trade with it:    http://
The Price Action Finder Multi indicator is an indicator of entry points that searches for and displays Price Action system patterns on dozens of trading instruments and on all standard time frames: (m1, m5, m15, m30, H1, H4, D1, Wk, Mn). The indicator places the found patterns in a table at the bottom of the screen. By clicking on the pattern names in the table, you can move to the chart where this pattern is located. Manual (Be sure to read before purchasing) | Version for MT4 Advantages 1. Pa
Trend Sensor MT5
Yuriy Lyachshenko
L'indicatore mostra i punti di entrata e di uscita più appropriati. Inoltre, visualizza dati statistici su tutti i segnali per una migliore analisi del trading. Con l'aiuto di questo indicatore sarete in grado di comprendere meglio il mercato. Non appena la forza della tendenza inizia a indebolirsi (questo verrà mostrato sul pannello), la linea di tendenza graviterà verso la posizione orizzontale - questo è il segnale per uscire dal trade. Oppure si può uscire quando si raggiunge il livello
Ershov 38 parrots MT5
Aleksei Ershov
5 (1)
The indicator is designed to close positions on the market in time. For example: to take profits ahead of schedule if the price has not reached TakeProfit, and the market is turning around. The indicator analyzes the momentum, not the trend. He does not give any information about the trend. The indicator is well suited for finding divergence. The Ershov 38 Parrots indicator dynamically adjusts to the market and detects price movement impulses of medium and high amplitude. It almost does not rea
Altri dall’autore
This is a simple order block locator. Searched for the existence of order blocks only at extremums. If you want multi criteria order block location check my other indicator which is more powerful here  These order blocks are ICT order blocks without any buttering. The indicator can be a useful tool for detecting reversals, continuations. You can also use the indicator as confluence with your other tools
FREE
Day Trader WorkTime
Aurthur Musendame
4.91 (22)
The worktime indicator helps you identify the most important times to day to trade the currency pairs. It was created based on the ICT day trading free tutorials that are freely vailable on his youtube channel.  You can use this indicator together with my other indicators that i have shared freely with you like the true day, custom periods, daily month, weekly open lines - they together complement each other very well. Nuggets from this indicator: 1. Draws the asian session box showinng you th
FREE
The Higher timeframe candle tracker is used to get a glimpse of what the selected higher time frame candle is like. It plot the candle after the current price. It can come in handy for day traders and short term traders that often worry about how the current higher timeframe candle may look like. You can select the higher time frame or lower time frame from the options provided: By default the color for bears is red and for bulls is green. You are able to change the width of the candle, its wick
FREE
Dail Session Open Lines
Aurthur Musendame
4.4 (10)
Daily session open lines shows the traders three important trading session opens. By default it is set up to show you: Zero GMT Open Line London Open Session Line New York Open Session Line The default times are set according to GMT+2 and as such you are able to change and customise according to your specific time zone. The Indicator is usefull specially for the trader who trades the London and NewYork sessions.
FREE
One Moving Average
Aurthur Musendame
3.75 (4)
This indicator was created based on posts from forex factory thread titled There is no Magic Moving Average - You need only one - by @andose2 a.k.a Andrei Florin. If you want to know about how to use this trading strategy please go and read  https://www.forexfactory.com/thread/691864-there-is-no-magic-moving-average-you. Note: Below are extracts some of the posts . Estabilish a trend, based on Market Cycles, then go   only long in the Markup Phase   and   only short in the Decline phase ,  
FREE
Super Fractals
Aurthur Musendame
5 (4)
Think of the Super Fractal Indicator as the Bill WIlliams Indicator on Steroids. Indicator Abilities: 1. Adjust Candle around Fractal High or Low. 2. Adjust Lookback period and only plot for a specific number of history candles avoiding cluttering your trading desk. 3. The Indicator uses buffers so you call and use it from any EA. Note : The higher the candles around Fractal, the stronger the Turning point anfd viceversa is true.
FREE
Monthly Weekly Open Lines
Aurthur Musendame
5 (4)
The Monthly Weekly Open Line is an indicator that plots: The current month open line that will extend till the last week on the month. Weekly lines that span the look back days period that you have set . Each line will extend from the respective weekly Monday zero GMT till friday of the respective week. Monthly and Weekly open lines can be used to build very powerfull anc consistent trading strategies. They act as natural S/R price barriers.
FREE
Period Seperators
Aurthur Musendame
5 (1)
The daily custom period seperator indicator allows you to draw period seperators for your lower time frame charts H1 and below.  The period seperator gives you options to set different colors for: Weekend - saturday/sunday Monday and Friday  Midweek - Tuesday to Thursday. By default the indicator plots the period seperator line at 00:00 hours for the last 10 days. Use Cases: The indicator can be used as a colourful alternative period seperator to the default MT5 period seperator. For those t
FREE
HoD LoD Time Price Studies
Aurthur Musendame
4.33 (3)
High of the Day and Low of the day Time and Price Fractal Studies is an indicator that will help you identify certain patterns that tend to repeat themseleves at certail times of the day or at certain prices.  It is used to study Daily Highs ad Lows in relation to time and price.  You will get to answer certail questions like: At what time of day does this market usually turn around. At what price does the market turn. Is it at round numbers etc
FREE
True Day
Aurthur Musendame
5 (1)
True Days is a tool designed specifically for the trader who wants to catch intraday volatility in price charts.  True day makes it easier for the trader to avoid trading in the dead zone - a period in time where markets are considered dead or non volatile. The trader can concentrate on finding opportunities only during periods of profound market movements. By default the indicator gives you a true day starting at 02:00 to 19:00 hours GMT+2. You can adjust according to your Time Zone. By deafult
FREE
Time and Price Fractal Studies is an indicator that will help you identify certain patterns that tend to repeat themseleves at certail times of the day or at certain prices.  It is used to study Fractal Highs ad Lows in relation to time and price.  You will get to answer certail questions like: At what time of day does this market usually turn around. At what price does the market turn. Is it at round numbers etc.
FREE
Template Name
Aurthur Musendame
5 (1)
Template name allows you to write custom text that will show up on your charts. It allows you to position the text anywhere including selecting any color that you prefer. You can position the text at any of the 4 corners of your chart screen. This custom text can aid as a watermark for your screen shots. This text can act as a unique and true signature for your charts.
FREE
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Tyler Sanchez
528
Tyler Sanchez 2024.01.10 22:12 
 

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alanjordan27
14
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amin13eko
434
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entropia93
91
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Ihor Fedoniuk
186
Ihor Fedoniuk 2023.08.13 18:59 
 

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tarpagajd
14
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lostsergio
214
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anjanaSantander
236
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joseverasay
284
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reneicv
16
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Okan Kilic
58
Okan Kilic 2023.04.06 11:53 
 

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tarek0071
22
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Rgootee
20
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13M
86
13M 2023.03.11 16:29 
 

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Jake John Freeman
289
Jake John Freeman 2023.02.27 16:48 
 

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warithu
55
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Tiểu Cường
93
Tiểu Cường 2023.02.16 05:01 
 

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klycko
63
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Nigenemo
69
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Pablo El
20
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123
Rispondi alla recensione
Versione 1.5 2022.06.24
Refines the Naive Search Algorith
Added the candle transition Algorithm
Added a Mixed Search Algorithm which can be a combination of Naive/Fractal and Transision
Versione 1.4 2022.06.24
Now based on a modified Bill Williams Fractal Indicator
Added indicator Buffers for Order Blocks Identified.
Added 2 Identification Algorithms
1. Simple Search Algorithm works exactly the same as how the indicator was previously identifying the order blocks
2. Naive Search Algorithm like the name suggests uses a 2 candle fractal pattern but only selects order blocks that are fast movers.
Versione 1.3 2021.09.20
Fixed bug where the indicator was failing to plot order blocks in real time.
Fixed bug where the indicator was swoping colors for bullish and bearish order block.