Breaker Block + Void Indicator for MT4 Download - Free - [TradingFinder]

The Breaker Block Indicator on the MetaTrader 4 platform is one of the tools for identifying key reversal zones. A breaker block is an order block (Order Block) that initially breaks by the price (BOS) and becomes a strong pullback zone.

This indicator displays bullish breakers in green and bearish breakers in red; the consumed breaker blocks are also shown in gray.

Indicator Specifications Table

Breaker Block Indicator in an Uptrend

In the image below, the price chart of the GBP/USD currency pair on the daily time frame is shown. Initially, the price created an order block, followed by a minor downward correction. After this correction, the price resumed upward movement, converting the area into a breaker block. As a result, the price increased after the pullback.

Breaker Block Indicator in a Downtrend

In the image below, the price chart of the USD/JPY currency pair is shown in the 4-hour time frame. After forming an order block, the price moves upward, followed by a price correction that converts the order block into a breaker block. Eventually, the price decreases after the pullback and continues its corrective trend.

Indicator Settings

• Display Setting: Display settings;
• The theme of the chart: Chart theme change;
• Showing breaker block level 1: Display breaker block level 1;
• Showing breaker block level 2: Display breaker block level 2.

Conclusion

The Breaker Block Indicator highlights a chart zone where the price breaks through a key order block, and upon a pullback, this level acts as a new support or resistance. Traders using styles like Smart Money, ICT, and Price Action place their stop-losses just beyond this zone.