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PZ Order Block MT5

Early reversals made easy

Special Offer: Purchase now to receive free bonuses worth $105! (Read more for details)

A personal implementation of Order Blocks, a simple yet effective position trading strategy. The trader should enter the market or look for trades in the direction of the last order block, if the price range has not been breached in the opposite direction of the breakout. Open blocks are not drawn for clarity.

[ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]

  • A bullish open block is the first bullish bar after a fresh market low
  • A bearish open block is the first bearish bar after a fresh market high
  • A signal appears when an open block is broken, becoming an order block
  • When an order block is broken to the opposite side, it becomes a reversal block
  • The indicator implements alerts of all kinds
  • It does not repaint or backpaint

Input Parameters

  • Period: Amount of bars needed to create a fresh high or low. A smaller value result in more signals.
  • Min ATR Filter: Minimum body size of the order block bar, expressed as multiplier of ATR.
  • Max ATR Filter: Maximum body size of the order block bar, expressed as multiplier of ATR.
  • Colors: Set colors and sizes for lines and arrows.
  • Alerts: Enable display/email/push/sound alerts.

Buy today and unlock exclusive bonuses!

    Purchase this indicator now and receive the following bonuses (total value: $105):
    • PZ Supply and Demand Indicator (worth $75)
    • PZ Multi TDI Indicator (worth $30)

    To claim these bonuses, simply send me a private message. I will provide the bonuses to actual buyers of the indicator. To ensure it is you, please leave a review for the product first, or alternatively, provide the mql5 operation number of your purchase. I'll get back to you with your bonuses as soon as possible.


    The price of this indicator might increase next week!

    We've introduced dynamic pricing for this indicator to reflect its true market value. With each sale, the price increases by $1, rewarding early buyers. If no sales occur within a week, the price resets to the original rate, with prices updated every Monday. This model lets the market decide the product's value, but there’s always a chance to grab your desired tools at a cheaper price if you prefer to wait.

    Author

    Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.
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    Petro Lytvynov
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    Version 1.2 2021.05.23
    - Added max atr filter
    - Bug fix in drawing