Breaker Block and Order Block Indicator (BB+OB) ICT for MetaTrader 4 Download - Free - [Trading Finder]

traders. This indicator uses a unique algorithm to identify areas where Order and Breaker Blocks overlap. These areas are displayed as bullish zones in green and bearish zones in brown on the MetaTrader 4 (MT4) platform. Traders can use this advanced indicator to identify these zones and improve their trading decisions.

BB + OB Indicator Table

Identifying Bullish Breaker Block and Order Block Overlap

In the 15-minute GBP/JPY chart below, the BB + OB Indicator has identified bullish Order Blocks and Breaker Blocks, highlighting the overlapping area in green. After the price returned to this critical zone, it reacted quickly and resumed its upward movement.

Identifying Bearish Breaker Block and Order Block Overlap

In the 15-minute EUR/USD chart below, the price forms lower lows in a downtrend. The BB + OB Indicator has identified Order Blocks and Breaker Blocks during this downtrend, displaying the overlapping area in brown. Traders can observe these zones to identify potential price reactions and make better trading decisions.

Indicator Settings

Display Setting: Display settings

• Color Theme Of Chart And Object: Color theme selection settings

General Setting: General settings

• Candles To Look Back: Set the amount of historical calculation based on candles
• Show Start Line: Show/hide the starting point of the calculation
• Hide Intersection: Show/hide the intersection of two order blocks

Level1 Setting: Level 1 settings

• Level1 Trend Calculation Type: Set the type of calculation for dotted lines
• Level1 Trend Show: Show/hide Level 1 trend

Level2 Setting: Level 2 settings

• Level2 Trend Show: Show/hide Level 2 trend

OB Setting: Order block settings

• Level1 OB Mode: Set the calculation mode type for Level 1 order blocks: Normal, Aggressive, Defensive
• Level1 OB Show: Show/hide Level 1 order blocks

BB Setting: Breaker block settings

• Lev1 BB Mode: Set the mode type for Level 1 breaker blocks: Normal, Aggressive, Defensive
• Level1 BB Show: Show/hide Level 1 breaker block

BBOB Setting: Order block + breaker block settings

• Level1 BBOB Show: Show/hide order blocks + breaker blocks

Summary

The BB + OB Indicator is useful for traders looking for areas where Order Blocks and Breaker Blocks overlap. This indicator can also independently identify and display Order Blocks and Breaker Blocks on the chart, allowing traders to make better trading decisions quickly.