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- Breaker Block + Void Indicator for MT5 Download - Free - [TradingFinder]
Breaker Block + Void Indicator for MT5 Download - Free - [TradingFinder]
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The Breaker Block + Void refers to a zone on the chart where the price returns after breaking through an order block. Simply put, a price pullback zone to an order block is recognized as a Breaker Block.
The"Breaker Block" indicator automatically identifies significant zones as Breaker Blocks after an order block is broken and the price returns, analyzing price behavior and identifying patterns.
Indicator Specifications Table
The features of the Breaker Block + Void indicator are summarized in the table below:
Category | ICT - Liquidity - Smart Money |
Platform | MetaTrader 5 |
Skill Level | Advanced |
Indicator Type | Continuation - Reversal |
Time Frame | Multi Time Frame |
Trading Style | Intraday Trading |
Market | Cryptocurrency - Forex - Stocks - Commodities |
Overview of the Breaker Block Indicator
The Breaker Block Indicator is a powerful tool for identifying key trend reversal levels. This indicator identifies order blocks broken by the price and marks these zones as breaker blocks after price retracement.
Breaker blocks are displayed in different colors based on the type of price movement: bullish breakers are shown in green, bearish breakers in red, and the consumed areas of breaker blocks are displayed in gray.
Breaker Block + Void Indicator in an Uptrend
In the price chart of Gold to US Dollar (XAU/USD) on the 4-hour time frame, the price moves upward after creating an order block zone, and upon retracing to this zone with the candle shadow, it becomes a Breaker Block. Traders place their stop-losses below these zones after receiving an initial entry confirmation.
Breaker Block + Void Indicator in a Downtrend
In the price chart of Ethereum (ETH) cryptocurrency on the 1-hour time frame, the price makes a corrective move after creating an order block and converts it into a Breaker Block upon retracing to this zone. Traders place their stop-losses above the Breaker Block zones to enter short (sell) positions.
Indicator Settings
The indicator settings section is comprehensively displayed in the image:
- Bar count: Calculation of the number of candles
- Hide intersection: Hiding intersections
- Showing breaker block level 1: Displaying breaker block level 1
- Last show for breaker block level 1: Last display of breaker block level 1
- Last number show for breaker block level 1: Display mode of breaker block level 1
- Show mode for breaker block level 1: Used display mode for breaker block level 1
- Used show mode for breaker block level 1: Displaying breaker block level 2
- Showing breaker block level 2: Displaying breaker block level 2
- Last show for breaker block level 2: Last display of breaker block level 2;
- Last number show for breaker block level 2: Displaying the last number of breaker block level 2
- Show mode for breaker block level 2: Display mode of breaker block level 2
- Used show mode for breaker block level 2: Used display mode for breaker block level 2
- Opposite color: Opposite color
- Support zone: Support zone color
- Resistance zone: Resistance zone color
Conclusion
The Breaker Block + Void Indicator is one of the tools in MetaTrader 5 indicators and serves as an effective tool for identifying key trend reversal levels in financial markets. By identifying order blocks and analyzing price behavior, this indicator highlights important zones that transform into Breaker Blocks after a price breakout.
Traders can use this indicator to determine entry and exit points and manage their stop-losses. The color coded Breaker Blocks aid in better understanding the market trend.
What is a Breaker Block?
A breaker block is a zone where the price returns after breaking an order block and serves as a new support or resistance level.
How are bullish and bearish breakers displayed?
Bullish breakers are shown in green, bearish breakers in red, and consumed areas are marked in gray.