Market / MetaTrader 5 / Indicators /

Order Blocks Finder Dynamic MT5

50 USD

Demo downloaded: 106

Published: 17 May 2022

Current version: 3.2

Order Blocks Finder Dynamic MT5

Indicators
Jhoniel Viloria
Version: 3.2
Updated: 5 September 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.

more...

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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 3.2 2022.09.05

-Added Limit Bars in settings to make indicator faster to load

Version 3.1 2022.08.01

Fixed past alerts showing on startup

Version 1.1 2022.05.18

New Feature added:
- Multi TimeFrame
- Imbalance criteria
- Alerts when price touched OB