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- CISD Indicator with Order Blocks and Breaker Blocks (CISD-CSD-OB+BB) for MT5
CISD Indicator with Order Blocks and Breaker Blocks (CISD-CSD-OB+BB) for MT5
The CISD Indicator with Order Blocks and Breaker Blocks (CISD-CSD + OB & BB) is one of the ICT indicators for MetaTrader 5.
This indicator identifies bullish order blocks in blue and bearish order blocks in red, and is useful for traders who want to identify the order block ranges of major market players.
Additionally, when the price enters the order block range, the indicator identifies a CISD level breakout and displays bullish and bearish breakout signals on the chart, alerting traders to potential trading opportunities.
Table for CISD Indicator with Order Blocks and Breaker Blocks
The table below presents the specifications and general information of the (CISD-OB+BB) indicator:
Category | ICT - Smart Money - Signal & Forecast |
Platform | MetaTrader 5 |
Skill Level | Advanced |
Indicator Type | Reversal - Breakout - Entry |
Timeframe | Multi Timeframe |
Trading Style | Scalping - Day Trading - Intraday |
Markets | Forex - Stocks - Indices |
Bullish Trend
In the 15-minute chart of the AUD/JPY currency pair, the CISD Indicator with Order Blocks and Breaker Blocks has identified the bullish order block range. These areas represent institutional and bank order zones.
Once the price reaches this area, a change in delivery status is identified and a breakout signal is displayed on the chart. Traders can use this indicator to spot trading opportunities and enter buy trades with detailed analysis.
Bearish Trend
In the 30-minute chart of the USD/CAD currency pair, the (CISD-CSD + OB & BB) indicator has identified the bearish order block range and displayed it as a red box on the chart.
After the price returns to the order block range, the price moves downward, and a change in delivery status is identified. Then, a bearish CISD signal is issued on the chart, which could present an opportunity to enter a short position.
CISD Indicator with Order Blocks and Breaker Blocks (CISD-CSD + OB & BB) Settings
Below are the settings for the Change in Delivery Status with Order Blocks and Breaker Blocks Indicator:
Indicator Setting
- Bar Count: Choose the number of candles for identifying and drawing levels.
Level 1 Trend Setting
- Level 1 Trend Show: Choose whether to display the trendline for Level 1.
Level 1 OB Setting
- Level 1 OB Show: Choose whether to display the order block range;
- Level 1 OB Show Mode: Choose the display mode for the order block range;
- Level 1 OB Last Show: Choose whether to display the last order block;
- Level 1 OB Last Show Number: Choose the number of last order block ranges to display.
Level 1 BB Setting
- Level 1 BB Show: Choose whether to display the breaker block range;
- Level 1 BB Show Mode: Choose the display mode for the breaker block range;
- Level 1 BB Last Show: Choose whether to display the last breaker block;
- Level 1 BB Last Show Number: Choose the number of last breaker block ranges to display.
CISD Setting
- CISD-CSD Break Limit: Choose the breakout limit for CISD-CSD.
Conclusion
The CISD Indicator with Order Blocks and Breaker Blocks (CISD-CSD + OB & BB) is one of the signal and prediction indicators for MetaTrader 5, based on ICT concepts.
This indicator, by identifying changes in delivery status (CISD), allows traders to detect market trend changes and pinpoint entry points.
Additionally, by identifying institutional and bank order zones, the indicator displays liquidity areas and order levels on the chart using colored range boxes to help traders spot trading opportunities.
What is the difference between Order Blocks and Breaker Blocks?
- Order Block (OB): These are areas where major players have placed their orders, and the price tends to react again when revisiting these zones.
- Breaker Block (BB): These are areas that the market has passed through and now act as new support or resistance levels.
How do the breakout signals work in this indicator?
When the price enters the order block range and the CISD level is broken, the indicator automatically displays bullish and bearish breakout signals on the chart, enabling traders to use these signals for trade entries.