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Order Block Breaker Indicator Retest Dashboard

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Telegram group now setup for pre-sales questions and general order block chat

Telegram group now setup for pre-sales questions and general order block chat

This dashboard is an alert tool for use with the order block breaker indicator. It’s primary purpose is to alert you to order blocks that break on specific time frames and also to the re-tests of the breaks (confirmation). The dashboard is designed to sit on a chart on it’s own and work in the background to send you alerts every time a breaker or breaker re-test happens on your chosen pairs and timeframes. It was developed after many people requested a dash to monitor multiple pairs and time frames at once rather than having the order block breaker indicator running on multiple charts in one MT4. It alerts on M5, M15, M30, H1, H4 and D1 timeframes when a breaker happens or a re-test of the breaker. Higher timeframes work best of course as with anything in trading.

The indicator I created to draw the order blocks and alert to breakers on a specific pair runs the dashboard.
The dashboard simply allows you to monitor multiple pairs and time frames and get alerted every time a breaker happens.

Indicator Inputs / Settings:

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  • Adjust size and position of dashboard.
  • Select pairs to show and your brokers suffix or prefix if required.
  • Adjustments for order block breaker indicator fine tuning including wicks to the left, aggressive mode and retest distance settings.
  • Select which time frames you would like to receive breaker alerts for.
  • Select which time frames you would like to receive breker re-test alerts for.
  • Alert preference, choose from pop-up, email or push notifications.
  • Adjust the text for each alert as required.

Order blocks are widely used by many traders. There is a wealth of information on the web about them but basically they are candles of opposing colour to a trend or move that are where orders are accumulated before a move continues. They support a continuous move in one direction until one of those candles is broken (a candle closed above/below it in the opposing direction).

So the basic premise of the indicator is that when you get a breaker after a move down it’s possible a bottom has formed and a change in market structure is about to occur (reversal – either short or long term). Of course not every breaker will work out and if price continues in the same direction (in this case down) and closes below the most recent low that breaker block (broken order block) is invalidated and hense the indicator removes it from the chart and continues to draw in new order blocks.

For more information and strategies to use with order blocks see here: 

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