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Order Block Void indicator MT4

Order Block Void Indicator MT4

Order Blocks represent critical price zones where institutional traders place significant buy and sell orders. These areas often serve as key support and resistance levels on price charts. The Order Block + Void indicator for MetaTrader 4 autonomously marks these order blocks on the chart. One of its notable features is displaying the percentage of the order block that has been utilized, turning the consumed section gray.

This tool highlights bullish order blocks with green rectangles and bearish order blocks with red rectangles.

Indicator Specifications

Category

ICT - Smart Money - Liquidity

Platform

MetaTrader 4

Skill Level

Advanced

Indicator Type

Reversal - Continuation

Time Frame

Multi-timeframe

Trading Style

Day Trader - Scalper

Trading Market

Cryptocurrency - Forex - Stocks

Overview of the Indicator

The Order Block indicator assists traders in recognizing and plotting order blocks, making it easier to set stop loss (SL) and take profit (TP) levels. It is particularly useful for traders employing liquidity-based strategies such as Smart Money and ICT. When the price nears an order block generated by the indicator, the likelihood of a price reaction and reversal significantly increases.

Understanding Bullish Order Blocks

An analysis of the USD/CHF pair on the one-hour timeframe illustrates how bullish order blocks operate. The indicator identifies an order placement region and marks a bullish order block in green. When the price revisits this block, it often provides an ideal buy entry point. The gray-shaded portion in the bearish order block represents the consumed section of that zone.

Understanding Bearish Order Blocks

In bearish scenarios, as depicted in the 30-minute ETH chart, the indicator pinpoints the order placement area and marks a bearish order block in red. When the price retraces to this block, it may offer a suitable entry for sell positions. If an order block is fully consumed, it transitions to gray, indicating invalidation.

Indicator Settings

  • Chart and Object Theme: Light-colored theme.
  • Back Candles Check: Uses 1000 candles for block calculations.
  • Object Prefix: Sets a unique identifier for objects drawn by the indicator.
  • Vertical Line Display: Enabled to indicate order block formation.
  • Level 1 Trend Display: Disabled.
  • BOS & ChoCh Level 1: Break of Structure and Change of Character for Level 1 is disabled.
  • Level 2 Trend Display: Enabled.
  • BOS & ChoCh Level 2: Break of Structure and Change of Character for Level 2 is disabled.
  • BOS & ChoCh Level 2 Labels: Labels for Break of Structure and Change of Character are disabled.
  • Order Block Type: Set to Aggressive.
  • Order Block Visibility: Enabled.
  • Used Order Block Color: Adjusts color for utilized order blocks.
  • Invalid Blocks with Close Beyond Zone: Enabled to remove invalidated blocks.
  • New Zone Overlap Deletion: Enabled to prevent new blocks from overlapping with existing ones.
  • Invalid Zone Display: Disabled.

Conclusion

The Order Block + Void indicator for MetaTrader 4 is a versatile and efficient trading tool, suitable for various markets, including Crypto, Forex, and Stocks. It is especially beneficial for traders employing Supply and Demand or Liquidity-based trading strategies.


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FX Power : Analysez la force des devises pour des décisions de trading plus intelligentes Aperçu FX Power est l'outil essentiel pour comprendre la force réelle des principales devises et de l'or, quelles que soient les conditions du marché. En identifiant les devises fortes à acheter et les faibles à vendre, FX Power simplifie vos décisions de trading et révèle des opportunités à forte probabilité. Que vous suiviez les tendances ou anticipiez les retournements à l'aide de valeurs extrêmes de D
Volumatic VIDyA MT4
Duc Hoan Nguyen
5 (3)
Special offer : ALL TOOLS , just $35 each! New tools   will be   $30   for the   first week   or the   first 3 purchases !  Trading Tools Channel on MQL5 : Join my MQL5 channel to update the latest news from me Volumatic VIDYA (Variable Index Dynamic Average) est un indicateur avancé conçu pour suivre les tendances et analyser la pression d'achat et de vente à chaque phase d'une tendance. En utilisant la Moyenne Dynamique à Indice Variable (Variable Index Dynamic Average) comme technique centra
Gold Buster M1 System est un système de trading professionnel pour les graphiques M1 sur la paire XAUUSD. Mais, malgré le fait que le système a été développé à l'origine exclusivement pour le commerce de l'or, le système peut également être utilisé avec d'autres paires de devises. Après l'achat, je vous donnerai une liste de paires de trading pouvant être utilisées avec le système en plus de XAUUSD, ce qui élargira vos possibilités d'utilisation de ce système. TOUS LES INDICATEURS DU SYSTÈME NE
Essayez "Chart Patterns All in One" en mode démo et recevez un bonus. Envoyez-moi un message après l'avoir testé en mode démo pour recevoir votre bonus. Laissez un commentaire après l'achat pour recevoir 8 indicateurs de haute qualité en bonus. L'indicateur Chart Patterns All-in-One aide les traders à visualiser divers modèles de graphiques couramment utilisés dans l'analyse technique. Cet indicateur soutient l'identification des comportements potentiels du marché, mais ne garantit pas de renta
TPSproTREND PrO
Roman Podpora
4.68 (25)
VERSION MT5        —        ИНСТРУКЦИЯ RUS           —        INSTRUCTIONS  ENG Fonctions principales : Signaux d'entrée précis SANS RENDU ! Si un signal apparaît, il reste d’actualité ! Il s'agit d'une différence importante par rapport aux indicateurs de redessinage, qui peuvent fournir un signal puis le modifier, ce qui peut entraîner une perte de fonds en dépôt. Vous pouvez désormais entrer sur le marché avec plus de probabilité et de précision. Il existe également une fonction de coloration
[ MT5 Version ]  [ Kill Zones ]  [ SMT Divergences ] How to trade using Order Blocks:  Click here User Interface Performance:  During testing in the strategy tester, the UI may experience lag. Rest assured, this issue is specific to the testing environment and does not affect the indicator's performance in live trading. Elevate your trading strategy with the  Order Blocks ICT Multi TF  indicator, a cutting-edge tool designed to enhance your trading decisions through advanced order block analys
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