Key level order block pro mt4
- Индикаторы
-
Presley Annais Tatenda Meck
Just a passionate trader creating simple ways to approach the markets. - Версия: 1.0
- Активации: 10
Title: Key Level Order Block Pro Mt4
Key Level Order Block Pro Mt4 is the advanced version of the Key level order block. This now now includes multi-timeframe indicator designed to automatically detect and display significant Order Blocks (OBs) directly on your chart. Designed for Smart Money Concepts (SMC) and price action traders, this tool streamlines chart analysis by highlighting institutional buying and selling zones where major market reversals are likely to occur.
The indicator features a sleek, interactive on-chart dashboard that allows you to instantly toggle Order Blocks from different timeframes (M1 up to MN1) without needing to switch your current chart. This is a promotional price which will change by month end so dont hesitate to take advantage.
How It Works (Core Logic)
Unlike standard support and resistance indicators, Key Level Order Block Pro uses strict price-action rules to validate zones.
-
Identification: It looks for a specific 3-candle pattern combined with a customizable price gap (imbalance). When this pattern is confirmed, it draws a support (Buy) or resistance (Sell) rectangle.
-
Automatic Mitigation: To keep your charts clean and relevant, the indicator constantly monitors price action. If a candlestick clearly breaks through an existing Order Block, the zone is considered "mitigated" (invalidated) and is automatically removed from the chart.
-
Advanced Filtering: The indicator includes Lower Timeframe (LTF) filters, allowing you to filter out weak signals by matching the current candle direction or ensuring the OB is strictly formed within a wick.
Key Features
-
Interactive MTF Panel: Clickable buttons on the chart allow you to show or hide Order Blocks from 9 different timeframes (M1, M5, M15, M30, H1, H4, D1, W1, MN1).
-
Smart Zone Mitigation: Broken zones are automatically deleted to prevent chart clutter.
-
Multi-Timeframe Alignment: Higher timeframe zones are seamlessly projected onto your lower timeframe charts.
-
Highly Customizable Visuals: Full control over zone colors, text colors, and fill options (solid or outline).
-
Comprehensive Alerts: Receive instant notifications when a new Order Block is confirmed via Push Notification (Mobile), Popup, Email, and Sound.
Input Parameters
___ Order Blocks ___
-
History (bars): The maximum number of historical bars to scan (default: 1000).
-
Minimal Gap: The minimum point gap required to validate the 3-candle OB pattern.
-
Buy/Sell Zone Colors: Customize the colors for bullish and bearish zones and their respective text labels.
___ LTF OB Filters ___
-
Match Current Candle Direction: When set to true, buy/sell blocks are only validated if the current timeframe's candle matches the OB direction.
-
Completely Inside Wick Only: Filters zones so that they must be contained within the wick limits of the current timeframe's candle.
___ Fill Options & Panel ___
-
Current/Other TF Filled Zone: Toggle whether the rectangles should be filled or outlined.
-
Zone Outline Width: Adjust the thickness of the rectangle borders.
-
Panel X/Y Offset & Corner: Adjust the position of the on-chart dashboard to your liking.
___ Alerts ___
-
Order block Alerts: Master toggle for alerts.
-
Alert Types: Enable or disable Print, Popup, Push Notifications, Email, and Sound alerts independently.
Trading Recommendations
-
Symbols: Works on all instruments (Forex pairs, Metals like XAUUSD, Deriv Indices, and Crypto).
-
Timeframes: We recommend using higher timeframes (H1, H4, D1) to identify major zones, and lower timeframes (M5, M15) for entry confirmations.
-
Broker: A low-spread ECN broker is recommended for accurate price-action gaps.
Risk Disclaimer
Past performance does not guarantee future results. Trading the financial markets involves significant risk of loss. Order Blocks are best used in conjunction with other forms of technical analysis or price action confirmation. Please thoroughly test this indicator on a demo account to understand its logic before using it in a live trading environment.
