Order Block Indicator for ICT and Smart Money for Meta Trader 4 Download - Free - [Trading Finder]

The Order Block Indicator is a valuable tool for traders identifying key order blocks in the ICT and Smart Money trading styles on the Meta Trader 4 (MT4) platform. The Order Block Indicator helps traders identify key price ranges where significant and impactful market orders are placed, allowing them to spot potential reversals or sensitive points in the market. Bullish order blocks are displayed in green, while bearish order blocks are shown in brown. When the price reaches these zones, it often reacts, which can help traders determine entry and exit points.

Order Block Indicator Table

Bullish Order Block (OB)

In the 30-minute NASDAQ chart, the Order Block Indicator identifies and marks bullish order blocks in green, highlighting critical and significant price points. When the price hits these essential blocks, it often shows a notable reaction. In this example, after hitting the area at 18576.5, the price moves strongly upward due to the concentration of liquidity and large orders in this zone. These reactions help traders plan their entry opportunities and adjust their strategies more precisely.

Bearish Order Block (OB)

In the 5-minute USD/JPY chart, the Order Block Indicator identifies key bearish order points and marks significant price zones in brown. These zones, known as order blocks, indicate areas where large orders are placed. In this example, upon reaching the 142.620 zone, a sharp price drop is observed, reflecting a strong market reaction to this significant price area. This analysis helps traders anticipate potential price reversals and sharp changes and manage their trades more accurately.

Order Block Indicator Settings

• Candles To Check: Set the number of candles to start the calculation from the past.
• Theme: The theme is based on two modes: Dark and Light.

Summary

The Order Block Indicator (OB Indicator) is a powerful tool for identifying important price zones in ICT and Smart Money styles. The OB Indicator identifies key points and displays bullish order blocks in green and bearish order blocks in brown. Traders can use these zones to take advantage of trading opportunities. The OB Indicator continuously draws price zones until the price reaches these areas and reacts. This feature helps traders identify potential reversal or breakout zones and find suitable trading positions.