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

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

Indicator Specifications Table

The table below displays the specifications of the Breaker Block indicator + Void:

Overview of the Breaker Block Indicator

The "Breaker Block" indicator is designed to identify breaker blocks' zones and consumed levels. Traders using styles like Smart Money, ICT, and Price Action position their stop-losses behind these zones. The Breaker Block Indicator helps identify key entry and exit zones, allowing traders to capitalize on pullback opportunities in the market.

Breaker Block + Void 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 + Void 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

The Breaker Block + Void space settings section is highlighted in the image below:

Conclusion

The Breaker Block + Void 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.