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Breaker Block and Order Block Indicator MT4

Breaker Block and Order Block Indicator for MT4

The Breaker Block + Order Block Indicator (BB+OB) is a specialized tool crafted for ICT traders. This indicator employs a proprietary algorithm to pinpoint regions where Breaker Blocks and Order Blocks coincide. These key areas are represented on the MetaTrader 4 (MT4) platform as bullish zones in green and bearish zones in brown. By utilizing this indicator, traders can recognize critical price zones, enhancing their trading strategies and decision-making process.

BB + OB Indicator Overview

Category

ICT - Smart Money - Supply & Demand

Platform

MetaTrader 4

Skill Level

Advanced

Indicator Type

Reversal - Leading - Breakout

Timeframe

Multi-Time Frame

Trading Style

Scalping - Day Trading - Intraday Trading

Trading Market

Forex - Cryptocurrencies - Indices

Key Features of BB + OB Indicator

The BB + OB Indicator is a sophisticated and effective tool tailored for ICT trading. It identifies and marks areas where Breaker Blocks and Order Blocks overlap, making them easily visible on the chart. By leveraging a unique calculation algorithm and adjustable settings, this tool provides traders with valuable insights to refine their trading tactics.

Detecting Bullish Overlap of Breaker Block and Order Block

In the 15-minute GBP/JPY chart below, the BB + OB Indicator has pinpointed bullish Order Blocks and Breaker Blocks, highlighting their convergence in green. Once the price revisited this crucial area, it responded sharply and resumed its upward trajectory.

Detecting Bearish Overlap of Breaker Block and Order Block

In the 15-minute EUR/USD chart, a downtrend is evident as the price forms lower lows. The BB + OB Indicator has successfully identified Order Blocks and Breaker Blocks within this trend, showcasing their overlapping region in brown. These areas can help traders anticipate price movements and refine their trading decisions.

Indicator Configuration

Display Settings:

  • Chart and Object Colors: Customize the visual theme.

General Settings:

  • Candles to Analyze: Define how many past candles are considered in calculations.
  • Show Start Line: Enable or disable the starting point of analysis.
  • Hide Intersection: Show or conceal overlapping order blocks.

Level 1 Settings:

  • Trend Calculation Type: Choose the method for dotted line trends.
  • Show/Hide Level 1 Trend: Control the visibility of Level 1 trends.

Level 2 Settings:

  • Show/Hide Level 2 Trend: Toggle the display of Level 2 trends.

Order Block (OB) Settings:

  • Mode Selection: Choose between Normal, Aggressive, or Defensive modes.
  • Show/Hide Order Blocks: Enable or disable the display of Level 1 Order Blocks.

Breaker Block (BB) Settings:

  • Mode Selection: Choose between Normal, Aggressive, or Defensive modes.
  • Show/Hide Breaker Blocks: Toggle the display of Level 1 Breaker Blocks.

Order Block + Breaker Block (BBOB) Settings:

  • Show/Hide BBOB Zones: Enable or disable the visualization of overlapping Breaker Blocks and Order Blocks.

Conclusion

The BB + OB Indicator is an essential asset for traders searching for overlapping Order Block and Breaker Block regions. It also allows independent identification and visualization of these blocks on price charts. This indicator empowers traders to make quick, data-driven decisions for improved trade execution and profitability.

 


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4.91 (294)
CURRENTLY 26% OFF !! Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With this update, you will be able to show double timeframe zones. You will not only be able to show a higher TF but to show both, the chart TF, PLUS the higher TF: SHOWING NESTED ZONES. All Supply Demand traders will love it. :) Important Information Revealed Maximize the potentia
GOLD Impulse with Alert
Bernhard Schweigert
4.6 (10)
Questo indicatore è una super combinazione dei nostri 2 prodotti Advanced Currency IMPULSE with ALERT  +   Currency Strength Exotics . Funziona per tutti i time frame e mostra graficamente l'impulso di forza o debolezza per le 8 valute principali più un simbolo! Questo indicatore è specializzato nel mostrare l'accelerazione della forza delle valute per qualsiasi simbolo come oro, coppie esotiche, materie prime, indici o futures. Primo nel suo genere, qualsiasi simbolo può essere aggiunto all
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 Presentiamo il rivoluzionario RSI Kernel Optimized with Scanner, uno strumento all'avanguardia che ridefinisce l'analisi RSI tradizionale integrando il potente algoritmo di stima della densità del nucleo (KDE). Questo indicatore avanzato non solo fornisce informazioni in tempo reale sull
Questo cruscotto mostra gli ultimi pattern armonici disponibili per i simboli selezionati, in modo da risparmiare tempo ed essere più efficienti / versione MT5 . Indicatore gratuito: Basic Harmonic Pattern Colonne dell'indicatore Symbol : vengono visualizzati i simboli selezionati Trend: rialzista o ribassista Pattern: tipo di pattern (gartley, butterfly, bat, crab, shark, cypher o ABCD) Entry: prezzo di ingresso SL: prezzo di stop loss TP1: 1 prezzo di take profit TP2: 2 prezzo di take pr
FX Dynamic: Monitora volatilità e trend con un’analisi ATR personalizzabile Panoramica FX Dynamic è uno strumento potente che sfrutta i calcoli di Average True Range (ATR) per fornire ai trader informazioni impareggiabili sulla volatilità, sia giornaliera che intraday. Impostando soglie di volatilità chiare—ad esempio 80%, 100%, 130%—puoi individuare rapidamente opportunità di profitto o ricevere avvisi quando il mercato supera i range abituali. FX Dynamic si adatta al fuso orario del tuo brok
TPSpro RFI Levels
Roman Podpora
4.85 (26)
ISTRUZIONI       RUS   -   INGLESE       Si   consiglia di utilizzare con un indicatore       -       TPSpro   TENDENZA PRO -   Versione MT4         Un elemento chiave nel trading sono le zone o i livelli da cui vengono prese le decisioni di acquisto o vendita di uno strumento di trading. Nonostante i tentativi dei principali attori di nascondere la loro presenza sul mercato, lasciano inevitabilmente delle tracce. Il nostro compito era imparare a identificare queste tracce e interpretarle corre
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