Get RoboForex $30 Welcome Bonus for FREE and start your trading journey! Claim Now!

Free Forex Indicators (MT4), Trend Following Indicators

Order Block Breaker Indicator

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.

Order-Bloc-Breaker-Indicator-Overview

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.

Order-Bloc-Breaker-Indicator-Chart-Explanation

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

Order-Bloc-Breaker-Indicator-Buy-Signal
  • 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

Order-Bloc-Breaker-Indicator-Sell-Signal
  • 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.
Share:

I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

Leave a Comment

About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.