The Order Block Breaker Indicator is a technical analysis tool used by forex traders to identify potential market reversals and exhaustion points.
It identifies “order blocks,” which are areas of the market structure that act as support and resistance levels.
Order Block Breaker Indicator Overview
The indicator draws the Bullish order blocks in NAVY BLUE and Bearish order blocks on MAROON, making it easy for traders to identify these levels on their charts.
It also provides alerts via message, sound, and push notifications whenever a trading signal is available.
When the price enters a Bullish order block, it indicates a potential reversal to the upside, and traders should look for opportunities to buy based on price action within the block.
Conversely, if the price enters a Bearish order block, it suggests a potential reversal to the downside, and traders should consider selling.
To use the indicator effectively, traders should also use other technical indicators and price action analysis to confirm the trading signals.
Order Block Breaker Indicator Explanation
The Order Block Breaker Indicator draws the Bullish order blocks in NAVY BLUE and Bearish order blocks on MAROON, making it easy for traders to identify these levels on their charts.
It also provides alerts via message, sound, and push notifications whenever a trading signal is available.
It works well on all intraday time frames as well as daily, weekly, and monthly price charts, making it suitable for traders with different trading styles and preferences.
Order Block Breaker Indicator: Buy Condition
- The price enters a Bullish order block.
- Traders should look for opportunities to buy based on price action within the Bullish order block.
- The best stop loss is below the order block or the previous swing low.
Also Read: Trade with Oanda US
Order Block Breaker Indicator: Sell Condition
- The price enters a Bearish order block.
- Traders should look for opportunities to sell based on price action within the Bearish order block.
- A stop-loss can be placed above the order block or the previous swing high.
Hi, do you have the source code for the Order Block Breaker Indicator? If have, please share it. Thanks
Source code available? Does it repaint?
Repaints, try in on the tester.
Not really badly, could perhaps make money with it
Thank you for the order the order block breaker. It works well, but the SELL blocks always appear long afterwards after candles are far away. The BUY blocks work fine and some form with three to six candlesticks. None of the SELL blocks form together with candlesticks. Can you rectify that please?
also can you fix the size of the blocks , when i change the setting to smaller size go’s back to size 15 please fix?
Thank you!!
Appreciate if you could share the source code of this