Reclaimed Order Block ICT Indicator MT4 Download - [TradingFinder]

The Reclaimed Order Block indicator in MetaTrader 4 identifies Order Block areas based on ICT style concepts.

After the price breaks and overlaps two or five zones and then returns to them, this trading tool identifies support or resistance zones and determines the potential next market trend.

Reclaimed Order Block ICT Indicator Specifications Table

The general specifications of the Reclaimed Order Block ICT indicator are presented in the table below:

Uptrend Conditions

The image below shows the price chart of Gold (XAUUSD) against the US Dollar in a one-hour timeframe.

This indicator issues a Buy signal when the price hits a Reclaimed Order Block and reacts to it at two or five consecutive pivots, specifically after the last bearish candle before the bullish structure breaks.

Downtrend Conditions

The image below shows the price chart of the Australian Dollar against the New Zealand Dollar (AUD/NZD) in a 15-minute timeframe.

The last bullish candle before the bearish structure break marks the liquidity distribution zone in the Reclaimed Order Block indicator. The price return suggests the entry of smart money and is an appropriate position for a Sell trade.

Indicator Settings

Image below displays the customizable parameters of the Reclaimed Order Block indicator:

• Bar Count: Number of candles
• Buy Side of the Curve: Bullish Curve
• Sell Side of the Curve: Bearish Curve
• 3 Point Strategy: Triple Strategy
• 5-Point Strategy: Quintuple Strategy
• Opposite Color: Contrasting Hue

Conclusion

The Reclaimed Order Block indicator confirms the trend's strength after an Order Block break and its return (especially in 2 or 5 consecutive pivots), issuing Buy or Sell signals.

The signals generated by this MetaTrader 4 indicator are indicated by arrows, which are colored red.