Order Book Indicator MetaTrader 4 - Download - [TradingFinder]

The Order Book Indicator is an advanced tool in financial market analysis that plays a key role in ICT-based Order Flow Analysis.

This MetaTrader 4 tool displays pending buy and sell orders with high precision—red boxes indicate sell orders, and green boxes indicate buy orders—highlighting supply and demand zones in the market.

Order Book Specifications Table

General specifications of the Order Book Indicator are presented in the table below.

Uptrend Conditions

On the 30-minute AUD/USD currency pair chart, large buy orders (Bid Walls) near support levels indicate increased demand and a potential bullish reversal.

At the same time, a notable decline in sell orders (Ask) reflects a weakening in supply, reinforcing the likelihood of continued upward movement.

Downtrend Conditions

The following price chart shows the CAD/JPY currency pair in a 1-hour timeframe. Large sell orders (Ask Walls) near resistance levels signal selling pressure and resistance to further price growth.

If the price fails to break through the red zone (supply/resistance) and signs of slowing momentum are observed, the probability of a bearish reversal increases.

Order Book Indicator Settings

The settings panel of the Order Book Indicator is shown in the image below:

• Number Of Levels: Number of visible levels in the order book
• Color Of Buy Order: Color of Buy order boxes
• Color Of Sell Order: Color of sell order boxes
• Color Of Text: Color of text labels
• Color Of Price: Color of price labels

Conclusion

The Order Book Indicator is a powerful technical analysis tool that offers real-time insights into pending Bid/Ask orders and accurately visualizes actual supply and demand zones.

It plays a critical role in ICT-style Order Flow Analysis, helping traders more effectively interpret market structure and trader behavior.