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Order Blocks Finder Dynamic MT5

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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Contact me for instruction, any questions! Related Product:  Gold Trade Expert MT5 Introduction The breakout and retest strategy is traded support and resistance levels. it involves price breaking through a previous level.  The break and retest strategy is designed to help traders do two main things, the first is to avoid false breakouts. Many false breakouts start with a candlestick that breaks out of a level but ends with an immediate candlestick that brings the price back into the level. T
Royal Scalping Indicator M5
Vahidreza Heidar Gholami
5 (6)
Royal Scalping Indicator is an advanced price adaptive indicator designed to generate high-quality trading signals. Built-in multi-timeframe and multi-currency capabilities make it even more powerful to have configurations based on different symbols and timeframes. This indicator is perfect for scalp trades as well as swing trades. Royal Scalping is not just an indicator, but a trading strategy itself. Features Price Adaptive Trend Detector Algorithm Multi-Timeframe and Multi-Currency Trend Low
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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
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
ALL in ONE Indicator Display Indicator values in all Timeframes Display Multiple Symbols/Pairs Fully customizable Click any value/box to open the chart of the corresponding symbol and timeframe Attach multiple instance of the program to display other indicator values Flexible Dashboard Positioning in chart You may request more indicators or additional feature for future updates!
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 UPDATE: Added Multi-Timeframe feature
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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