Order Block MT4
The Order Block indicator for MT4 automatically identifies the order blocks in different time frames and alerts the forex traders once price nears the order block. As a result, forex traders using smart money concepts in technical analysis can identify the best entry points. The indicator requires basic understanding of order blocks, so new forex traders should familiarize themselves with smart money forex trading concepts. To summarize, the Order Block indicator for MT4 is an essential indicator for forex smart money traders. Download link https://indicatorspot.com/indicator/order-block-indicator/ The order block breaker indicator for MT4 provides essential information on the market structure. The indicator identifies major trend reversal and exhaustion points of momentum. As a result, forex traders can identify Bullish and Bearish price reversal zones and BUY and SELL accordingly. Moreover, the indicator provides alerts whenever a trading signal is available. The Order Block Breaker indicator for MT4 is similar to support and resistance. However, price tends to respect these blocks due to the nature of price action around these levels. Not all order blocks provide the necessary price reversals so forex traders should use other technical indicators and price action for additional confirmation of the BUY and SELL trading signals. Additionally, the indicator is free to download and easy to install. Download link https://indicatorspot.com/indicator/order-block-breaker-indicator/
How does order block indicator work ?
Order block finder indicator for Metatrader 4 marks zones where institutional order streams are possible to happen. An alert prompting your actions will occur When the price reaches the highlighted zone. Then, you make a decision whether to buy or sell, according to trading conditions. This indicator contains alerts. Therefore, you don't need to watch the chart all time. When you add the order block Tradingview indicator to your chart, you will receive alerts when it locates entry points.