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Order Block Indicator MT4

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.

Comentários 5
Shelwin Nesbitt
447
Shelwin Nesbitt 2024.01.25 13:29 
 

Good indicator. Contacted the developer about a issue that I was having. Issued an update. Very responsive developer and the indicator is wonderful for my trading strategy.

knp478
70
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!

man1980
1331
man1980 2022.02.15 17:38 
 

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

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Está cansado de usar indicadores de opções binárias pouco confiáveis que fornecem sinais falsos, resultando em perdas e frustração? Não procure mais além do INDICADOR DE RELÓGIO - o melhor indicador de opções binárias disponível para a plataforma de negociação MT4! Com seu algoritmo avançado e poderosas ferramentas de análise técnica, o INDICADOR DE RELÓGIO é a ferramenta definitiva de negociação tanto para traders novatos quanto experientes. Ele prevê com precisão as tendências do mercado e
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PZ Harmonacci Patterns
PZ TRADING SLU
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A. O que é A2SR ?   * É um indicador técnico importante (sem repintura, sem atraso).   * Special event :  https://c.mql5.com/1/263/A2SR_Discount_35_percent_in_August_2023.png -- Orientação : -- em https://www.mql5.com/en/blogs/post/734748/page4#comment_16532516 -- e https://www.mql5.com/en/users/yohana/blog A2SR tem uma técnica especial para determinar os níveis de Suporte (demanda) e Resistência (oferta). Ao contrário da maneira comum que vimos na rede, o A2SR tem um conceito original
Introduction to X3 Chart Pattern Scanner X3 Cherart Pattern Scanner is the non-repainting and non-lagging indicator detecting X3 chart patterns including Harmonic pattern, Elliott Wave pattern, X3 patterns, and Japanese Candlestick patterns. Historical patterns match with signal patterns. Hence, you can readily develop the solid trading strategy in your chart. More importantly, this superb pattern scanner can detect the optimal pattern of its kind. In addition, you can switch on and off individu
Difícil de encontrar e com pouca frequência, as divergências são um dos cenários de negociação mais confiáveis. Este indicador localiza e verifica automaticamente divergências ocultas e regulares usando seu oscilador favorito. [ Guia de instalação | Guia de atualização | Solução de problemas | FAQ | Todos os produtos ] Fácil de trocar Encontra divergências regulares e ocultas Suporta muitos osciladores conhecidos Implementa sinais de negociação baseados em fugas Exibe níveis adequados de
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Tibor Rituper
4 (1)
O indicador EZT Trend mostrará a tendência, o retrocesso e as oportunidades de entrada. Filtragem opcional e todos os tipos de alertas estão disponíveis. Alertas de e-mail e notificação push são adicionados. Também estamos desenvolvendo um EA baseado neste indicador, que estará disponível em breve. É um indicador multifuncional que consiste em dois histogramas coloridos e uma linha. É uma representação visual da direção e força de uma tendência, e você também encontrará divergências muitas ve
This is a trend Predictor. Honestly I have to give some credit to some few developers I know personally because they helped pulled this off.  The trend indicator uses special optics to direct the flow of price . it detects where the trend is moving into  It uses price action and a few other embedded custom indicator. You can use it in all timeframes and will be available at a much cooler price.  Please test this Indicator before buying to make sure you like what you see. I can't guarantee th
The 5X target indicator is an indicator that plots the optimal entry zone and the target for the trading day. It also plots a level where the stoploss can be moved to breakeven for a risk free trade which is 2X. This indicator has time window inputs. The default settings are from 02:00 to 19:00 CET+1 time zone. This indicator is based used with a direction bias for the day. I post the direction bias for several pairs in the comments section. Added a new feature Time Zone to help trade the highes
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Filtro:
Shelwin Nesbitt
447
Shelwin Nesbitt 2024.01.25 13:29 
 

Good indicator. Contacted the developer about a issue that I was having. Issued an update. Very responsive developer and the indicator is wonderful for my trading strategy.

Diego Arribas Lopez
7840
Resposta do desenvolvedor Diego Arribas Lopez 2024.01.25 21:08
Thank you for your feedback! I am glad you like it :D
Ruben Alday
129
Ruben Alday 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

Diego Arribas Lopez
7840
Resposta do desenvolvedor 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
70
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!

Diego Arribas Lopez
7840
Resposta do desenvolvedor Diego Arribas Lopez 2022.05.14 19:09
Thank you very much for your review knp478 :D. Enjoy the indicator!
Olayemi Sulaiman
165
Olayemi Sulaiman 2022.03.22 18:49 
 

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

Diego Arribas Lopez
7840
Resposta do desenvolvedor 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 :)
man1980
1331
man1980 2022.02.15 17:38 
 

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

Diego Arribas Lopez
7840
Resposta do desenvolvedor Diego Arribas Lopez 2022.02.15 22:39
Happy to hear that! Thank you for your feedback :D
Responder ao comentário
Versão 1.41 2024.01.24
1. Bugfix objects in chart if profile change failed
Versão 1.4 2023.02.17
UI Separation X and Separation Y added to the inputs
Versão 1.3 2023.02.17
UI Separation X and Separation Y added to the inputs
Versão 1.2 2023.01.11
Updated new UI
Versão 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).