Order Block Indicator (OB) ICT and Smart Money for MT5 Download - Free

The Order Block Indicator (OB) is a practical tool for traders using ICT and Smart Money strategies. It was specifically designed and developed for the Meta Trader 5 (MT5) trading platform. This indicator assists traders in identifying key points and important price areas where large banks and institutions place their orders. In these zones, after price contact, new orders are usually registered, and price reversal reactions occur. Traders can use this indicator to take advantage of optimal entry and exit points in their trades.

OB Indicator Table

Bullish Order Block

On the 4-hour chart (GBP/USD), the Order Block Indicator (OB) identifies and determines essential price levels, highlighting key areas for traders. These areas include order blocks, which refer to highly significant candles. At these points, large orders from banks and financial institutions are placed. A sharp reaction and strong reversal are likely to occur when the price returns to these key zones.

Bearish Order Block

Using its advanced algorithm, the Order Block Indicator (OB) identifies important price zones and displays these key points on the chart for traders. For example, at the price of 0.83511, a key level is determined, and upon price contact with this level, the market faces a downturn. Additionally, at the price of 0.84018, several (OB) zones were identified where the price could not break through despite multiple contacts. These levels are considered significant resistance zones, and traders can use these points to determine their trading strategies.

OB Indicator Settings

• Candles To Check: Choose the starting number of candles from which the calculation begins.
• Theme: Select the theme based on two options: Dark and Light.

Summary

With its unique and special algorithm, the Order Block Indicator (OB) identifies high-potential order blocks. This tool is handy for traders who use ICT and Smart Money styles. With the help of this indicator, traders can quickly identify critical price zones and make precise trading decisions based on these key levels. This accurate identification capability allows traders to capitalize on trading opportunities at reversal or continuation points and effectively manage their risks.