Market / MetaTrader 4 / Indicators /

Order Blocks Finder Dynamic

45 USD

Demo downloaded: 106

Published: 17 May 2022

Current version: 5.1

Order Blocks Finder Dynamic

Indicators
Jhoniel Viloria
Version: 5.1
Updated: 7 July 2022
Activations: 15

CHART OBJECTS:

Blue box: Bullish Order Blocks (OB)

Red box: Bearish OB

Orange box: Mitigated OB. Price bounce from this area the made a new high/low

Light gray box: Price bounced from this area but did not made a new high/low

Dark gray box: Broken OB.

Filled boxes: TimeFrame 1 Order Blocks
Unfilled boxes: TimeFrame 2 Order Blocks

INDICATOR SETTINGS:

Order Block Required Length: Required number of subsequent candles in the same direction to identify Order Block. Default value: 5

Imbalance Required: Add condition to require imbalance for OB criteria (see images below)

Doji: Size of doji candles in %price to be disregarded in counting of subsequent candles. Default value: 0.01. Can be adjusted to zero to exclude dojis.

FUTURE UPDATES:

Multi timeframe - done (Please update to the latest version)
Panel to track multiple symbols and timeframes

I'm open for feature suggestions to include for this indicator.

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Imbalance / Fair Value Gap (FVG), this is a zone / gap created when the price move with force in a given direction. It identify a zone where the price could potentially go back. This gives perfect targets for your trades. Imbalance is created from the high and low of 3 candles. When the wicks the of 1st and 3rd candle does not fully overlap the middle one. This indicator will help you to easily spot mitigated/unmitigated imbalances in your chart. NEW FEATURE Update: Multi-TimeFrame Feat

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CHART OBJECTS: Blue box : Bullish Order Blocks (OB) Red box : Bearish OB Orange box : Mitigated OB. Price bounce from this area the made a new high/low Light gray box : Price bounced from this area but did not made a new high/low Dark gray box : Broken OB. Filled boxes : TimeFrame 1 Order Blocks Unfilled boxes : TimeFrame 2 Order Blocks INDICATOR SETTINGS: Order Block Required Length: Required number of subsequent candles in the same direction to identify Order Block. Default value: 5 Im

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Version 5.1 2022.07.07

Optimized Zigzag code.

Version 5.0 2022.07.06

Bug Fixes:
- Fixed Disappearing Zigzag and Orderblocks
- Fixed Alert message
- Fixed input name

Version 4.0 2022.06.20

Major update:
-Added new types of Order Blocks
-Added Zigzag indicator
-Added HH LL labels
-Refactored Multi-timeframe feature

Version 2.1 2022.05.23

Feature Suggestion from customer:
- Added setting to remove fakeouts/Stopped out OBs for cleaner chart

Version 2.0 2022.05.19

New Feature added:
- Multi TimeFrame
- Imbalance criteria
- Alerts