METATRADER

Order Blocks TV

Logo ob tv mt4

49 USD

Rent for MT4:
Current version:
1.0
Published:
27/06/2024
Updated:
27/06/2024
Rent for MT5:
Current version:
1.0
Published:
27/06/2024
Updated:
27/06/2024
METATRADER

Order Blocks TV

Powerful Order Block Indicator – Uncover the Hidden Footprints of Market Whales

The Order Block Indicator - Elevating Your Price Action Analysis. If you're seeking a comprehensive Order Block indicator on the MQL5 platform, look no further.

Firstly, according to this indicator, an OB is understood as a zone of pending orders from large institutions that haven't been fully executed, revealing themselves in the market through subtle signs. Prices react strongly when reaching these OB zones, making them extremely significant resistance areas.

How to using this Indicator with your Strategy

The Order Block (OB) indicator originates from the powerful smart money price action strategy. To fully leverage this indicator, follow these key steps:

  • Identify Trend Reversal with BMS Events: Look for Break of Market Structure (BMS) events, where the price breaks the highest peak or lowest trough of a trend, signaling a potential reversal.
  • Wait for Price to Retrace to a Strong Resistance Zone:After spotting a reversal, wait for the price to retrace to a strong resistance level. Enter a trade upon confirmation with candlestick patterns or set a pending order if the OB zone shows strong characteristics.

Characteristics of a Strong OB Zone:

  • It must be a candle of a different color before a strong upward wave, usually represented as an engulfing candle pair at the peak or trough under consideration.
  • A take-out phenomenon must occur, where we see a strong selling volume followed by an overwhelming buying volume, creating a leading wave upwards.
  • There must be a gap indicating that prices rose so quickly that they couldn't fill all the buy orders, leaving behind an order block, true to the name of this indicator.

Future Updates and Enhancements:

We are committed to continuously improving the OB indicator by incorporating additional price action characteristics. These updates will enhance its effectiveness and value. By owning the OB indicator now, you not only get ahead with advanced trading strategies but also save money before its price increases with future enhancements. Embrace the power of smart money concepts with the OB indicator and elevate your trading to the next level. Get it today to maximize your savings!

Note:

  • If you have problems installing the product, please get in touch with me via the chat in mql5.
  • This indicator will be continuously updated and improved, have a good trading.
BOLLINGER BANDS SETTINGS
VariableDefaultDescription
Bollinger bands period20Number of bars used to calculate the Bollinger Bands moving average.
½ Bollinger bands deviations2.0Standard-deviation multiplier that defines the band width.
PriceClosePrice type used for calculations (here: closing price).
Color Zone 220,255,220
Fill color displayed for the area between the Bollinger Bands.

1. What exactly does the Order Block indicator detect and how does it work?

The indicator identifies order block zones — pockets of unfilled institutional orders revealed by price action signatures (engulfing moves, quick take-outs, and gaps). It analyses recent market structure and momentum within a configurable lookback period to highlight the most relevant Bull (support) and Bear (resistance) zones that are most likely to trigger strong reactions.

2. Will the indicator repaint or change past signals?

No — the indicator is designed to be non-repainting for the visible, near-term Obstacles. It draws only the most relevant, recently formed zones and does not redraw historical signals to avoid misleading backtest impressions. Keep in mind that no indicator can predict the future with certainty; non-repainting means past marks remain stable, but trade management is still required.

3. Which platforms and timeframes are supported, and what do you recommend?

The tool is built for MQL5 (MetaTrader 5) with an MT4 counterpart available. It supports multi-timeframe analysis via a timeframe input so you can draw Obstacles from higher or lower TFs. For reliable structure and cleaner signals, use it on higher timeframes (H1 and above); for intraday scalping, you can use M15–M5 but expect more noise and adjust momentum/lookback settings accordingly.

4. How should I use the indicator within my trading strategy — entry, confirmation, and risk?

Use it as a context tool: first identify a Break of Market Structure (BMS) to suggest a potential reversal, then wait for price to retrace into the nearest OB zone. Confirm entries with price action (pin bars, engulfing candles), momentum spikes, or Dashboard signals (Faction, Potential Position, Entry Signal). Prefer limit/pending orders at the zone with a defined stop loss beyond the OB and sensible position sizing — treat the indicator as a guide, not an automatic signal generator.

5. How do I configure settings and enable alerts? Where to get support?

Key inputs include lookback (Relevant Periods — default 7), momentum threshold (e.g. 500), number of OBs to show, and minimum percent move for validity. You can also enable MT5 alerts, push notifications, or email alerts in the General parameters. Defaults are tuned for a balanced mix of responsiveness and noise control; tweak Momentums and Max Obstacle to suit your timeframe. If you have installation issues or need help tuning parameters, contact support via the MQL5 product chat for direct assistance.

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