Order Block Indicator MT5 is currently the most accurate and customizable indicator on the market. It has been developed to facilitate the analysis of operations based on Order Blocks and Supply and Demand Zones. These zones are possible reversal points of a movement.

Order Block Indicator MT5 highlights active order blocks of up to 4 TFs simultaneously.

At the same time, Order Block Indicator MT5 provides a visual alert system that allows you to recognize at a glance if the price is within a block of orders without having to represent it on the chart.

Some of the characteristics of the indicator are the following:

• Time saving
• Highly customizable
• Indicates the arrival of the order blocks without overloading the chart
• Up to 4 simultaneous TFs
• Functional on all pairs (Cryptos, Forex, Stocks, Indices, Commodities …)
• Perfect for Scalping or Swing trading
• Highlights possible market reversal zones
• Alerts and notifications on the MT5 terminal and on the mobile phone

Input parameters

Timeframes:

• TF 1: selection of the desired timeframe in position 1
• TF 2: selection of the desired timeframe in position 2
• TF 3: selection of the desired timeframe in position 3
• TF 4: selection of the desired timeframe in position 4

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In case of choosing repeated timeframes, only the selected ones are represented by the indicator (possibility of changing from 1 to 4 TFs)

Visibility:

• TF 1 visibility: show   by default the blocks / zones of TF 1
• TF 2 visibility: show   by default the blocks / zones of TF 2
• TF 3 visibility: show   by default the blocks / zones of TF 3
• TF 4 visibility: show   by default the blocks / zones of TF 4

Performance:

• Activate performance mode: activate performance mode. It consists of a simpler representation of the order blocks / zones to guarantee perfect fluency in computers with lower performance.
• Candle tolerance for Order Blocks: higher tolerance represents more hidden order blocks in lateral zones

Representative levels:

• Show the wick of the Order Block Candle: highlight the wick of the Order Block
• Show the body of the Order Block Candle: highlight the body of the Order Block
• Show the 50% of the Order Block Candle: mark the medium level of the order block

Interface:

• Button size X: button width
• Button size Y: button height
• Indicator position: position of the indicator (up / down