Order Block + Void Indicator Download for MT5 - Free - [Trading Finder]

The Order Block + Void Indicator in MetaTrader 5 is an advanced tool for identifying liquidity zones and drawing them as order blocks.

Market makers place order blocks, making them suitable points for setting support and resistance lines.

This indicator draws bullish blocks in green boxes and bearish order blocks in red boxes. Additionally, it displays the consumption of order blocks by changing their color to gray.

Indicator Specifications Table

Order Block in Bullish Trend

As shown in the Solana Coin (SOL) chart on a 1-hour timeframe, the indicator identifies the order placement point and draws a bullish order block. When the price hits the order blocks, a reversal can be expected. According to the chart, the price has returned to the order block, creating a buying opportunity (long). The consumed order block areas are displayed in gray.

Order Block in Bearish Trend

The price chart of NZD/USD in a one-hour timeframe shows how the order block indicator works. According to the image, the indicator draws a bearish order block, and after the price returns to the order block, a suitable position for a sell trade is created. The order blocks that are fully consumed turn gray.

Indicator Settings

• Color theme of chart and object: The theme is set to Light
• Back candles check: The number of candles used for calculating the order blocks is set to 1000
• The prefix of objects: Determines the prefix for objects and items drawn by the indicator
• Vertical line show permission: Vertical lines showing the formation of order blocks are enabled
• Show level 1 trends: Displaying level 1 trends is disabled
• Show BOS & ChoCH level 1: Displaying Break of Structure (BOS) and Change of Character (CHOCH) for level 1 is disabled
• Show level 2 trends: Displaying level 2 trends is enabled
• Show BOS & ChoCH level 2: Displaying Break of Structure (BOS) and Change of Character (CHOCH) for level 2 is disabled
• Show BOS & ChoCH level 2 label: The label for Break of Structure (BOS) and Change of Character (CHOCH) is disabled
• The type of OB: The type of drawn order blocks is Aggressive
• Show OBs: Displaying order blocks is enabled
• OBs Used color: The color of consumed order blocks is gray
• Invalid OB with close beyond the zone: Removing broken blocks is enabled
• Invalid new zones with intersection: Removing new blocks when overlapping with old blocks is enabled.
• Invalid zone show: Displaying invalid zones on the chart is disabled

Summary

The Order Block + Void Indicator is a powerful and practical tool for all trading markets, including cryptocurrencies, Forex, and commodities.

Traders using liquidity-based strategies can optimize their trading strategies by utilizing this indicator in MetaTrader 5.