Breaker Block and Void Indicator MT5
- Indikatoren
- Eda Kaya
- Version: 1.11
- Aktivierungen: 10
Breaker Block & Void Indicator MT5
A Breaker Block represents a price zone where the market revisits after breaching an Order Block. In simple terms, when the price pulls back to a previously broken order block, it forms a breaker block. The Breaker Block Indicator is designed to automatically detect these critical zones, marking them once an order block is violated and the price retraces. By analyzing market movements, it helps traders identify recurring patterns in price action.
«Indicator Installation & User Guide»
MT5 Indicator Installation | Breaker Block and Void Indicator MT4 | ALL Products By TradingFinderLab | Best MT5 Indicator: Refined Order Block Indicator for MT5 | Best MT5 Utility: Trade Assistant Expert TF MT5 | TP & SL Tool: Risk Reward Ratio Calculator RRR MT5 | Money Management: Easy Trade Manager MT5
Indicator Specifications Table
Category | ICT - Liquidity - Smart Money |
Platform | MetaTrader 5 |
Skill Level | Advanced |
Indicator Type | Continuation - Reversal |
Time Frame | Multi Time Frame |
Trading Style | Intraday Trading |
Market | Cryptocurrency - Forex - Stocks - Commodities |
Overview of the Breaker Block Indicator
The Breaker Block Indicator for MetaTrader 5 is a valuable tool for identifying significant trend reversal points. It marks zones where an order block has been breached and subsequently retested by price action.
These breaker blocks are visually distinguished:
- Bullish breaker blocks appear in green.
- Bearish breaker blocks are highlighted in red.
- Depleted breaker block areas are shown in gray.
Breaker Block Indicator in an Uptrend
In the XAU/USD (Gold to USD) 4-hour chart, after forming an order block, the price moves higher. When it retraces and touches the same zone (even with a wick), it is confirmed as a breaker block. Traders often use this setup by setting stop-losses just before these zones after receiving an entry confirmation.
Breaker Block Indicator in a Downtrend
On the Ethereum (ETH) 1-hour chart, the price forms an order block before undergoing a correction. When the price retraces to this zone, it transforms into a breaker block. Traders commonly place their stop-losses before these breaker block levels to enter short (sell) positions.
Indicator Settings
- Display Options – Adjust display settings.
- Chart Theme – Customize the chart appearance.
- Breaker Block Level 1 – Show level 1 breaker blocks.
- Breaker Block Level 2 – Show level 2 breaker blocks.
Conclusion
The Breaker Block Indicator for MT5 is a powerful tool that pinpoints key trend reversal areas across different financial markets. By detecting order blocks and assessing price movements, it highlights zones that become breaker blocks after a price breakout. Traders can leverage this indicator to optimize their entry and exit strategies, as well as set precise stop-loss levels. The use of color-coded markers provides a clear visual representation of the market structure, aiding traders in making informed decisions.