Breaker Block + Void Indicator for MT5 Download - Free - [TradingFinder]

The Breaker Block refers to a zone on the chart where the price returns after breaking through an order block (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

Breaker Block 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 before these zones after receiving an initial entry confirmation.

Breaker Block 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 before the breaker block zones to enter short (sell) positions.

Indicator Settings

• Display setting: Display settings;
• The theme of the chart: Change chart theme;
• Showing breaker block level 1: Display breaker block level 1;
• Showing breaker block level 2: Display breaker block level 2.

Conclusion

The Breaker Block Indicator on MetaTrader 5 is an effective tool for identifying key trend reversal zones in financial markets. By identifying order blocks and analyzing price behavior, this indicator highlights crucial areas that turn 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 breakers aid in better understanding the market trend.