Reclaimed Order Block ICT Indicator MT4
Reclaimed Order Block ICT Indicator MT4
The Reclaimed Order Block ICT Indicator MT4 is designed for MetaTrader 4, incorporating ICT (Inner Circle Trader) principles to highlight Order Block regions. This tool is crucial for detecting key support and resistance levels by examining price movements when they breach and revisit specific zones, typically ranging from two to five areas. By leveraging this indicator, traders can anticipate potential market trend shifts and reversals with greater accuracy.
«Indicator Installation & User Guide»
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Reclaimed Order Block ICT Indicator Specifications Table
Below are the main features of the Reclaimed Order Block ICT Indicator:
Category | ICT – Smart Money – Liquidity |
Platform | MetaTrader 4 |
Skill Level | Advanced |
Indicator Type | Reversal - Breakout |
Timeframe | Multi Timeframe |
Trading Style | Day Trading |
Trading Market | All Markets |
Indicator Overview
The Reclaimed Order Block ICT indicator visually represents the Change of Character (ChoCH) pattern using colored boxes on the chart. When a significant Order Block is breached, a red arrow appears above an orange box in the breakout area, signaling a market structure shift and a potential new trend formation.
Uptrend Conditions
In the XAU/USD (Gold vs. US Dollar) one-hour chart, a Buy signal is generated when the price touches a Reclaimed Order Block and reacts at two to five consecutive pivot points. This often follows the last bearish candle before a new bullish trend emerges, marking a crucial entry point.
Downtrend Conditions
A bearish setup can be observed in the AUD/NZD (Australian Dollar vs. New Zealand Dollar) 15-minute chart. Here, the final bullish candle establishes a liquidity distribution zone before a downward market structure shift. When the price revisits this level, it indicates institutional smart money activity, presenting a prime Sell trade opportunity.
Indicator Settings
Below is an overview of the customizable settings within the Reclaimed Order Block ICT indicator:
- Bar Count – Number of price candles considered
- Buy Side of the Curve – Bullish trend identification
- Sell Side of the Curve – Bearish trend identification
- 3-Point Strategy – Triple pivot-based analysis
- 5-Point Strategy – Quintuple pivot-based analysis
- Opposite Color – Customizable contrasting colors for clarity
Conclusion
The Reclaimed Order Block ICT Indicator MT4 is an essential tool for traders who rely on order block analysis to refine their entry and exit points. By displaying red arrows on the MetaTrader 4 chart, this indicator helps confirm trend strength after an Order Block breach, allowing traders to make more strategic Buy and Sell decisions based on smart money concepts.