What is order block indicator MT4?

Get Broker for indicators trading. The Order Block indicator for MT4 automatically identifies the order blocks in different time frames and alerts the forex traders once price nears the order block. As a result, forex traders using smart money concepts in technical analysis can identify the best entry points.

What is the default value of the Order block indicator?

The default value is 5. For example. If five or more bullish candlesticks form in series after a bearish candlestick, it will draw a bullish order block zone. There are many other adjustments you can make in the settings of this indicator. How to trade using the Order Block Indicator?

How does a trading indicator work?

In fact, the indicator has multiple methods to identify and filter the order blocks. Additionally, the indicator alerts if price reaches the order block and also if price rejects the order block. The best trading method is to enter when price retraces back to the order block.

What is order blocks & Breaker blocks?

The Order Blocks & Breaker Blocks indicator detects order blocks that can be turned into breaker blocks on the chart automatically once mitigated.