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Simple Order Blocks

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Order cubes are put to purchase or sell a large number of assets. they’re widely used by institutional traders and permit them to have a fresh look at support and resistance. These amounts are used temporarily until new, more significant levels and areas are created.

that the index detects such order blocks, that are usually positioned in the optimal place. The main strategy when using the index at strategic points is that the cost will probably not come back to them. Otherwise, the strategy is broken. hence, the stop loss is placed into the breakeven level instantly after receiving a few pips (10-15) of floating profit.

This simple indicator works best on the H4 timeframe.

NOTE: Press SHIFT to refresh the indicator if the order blocks are distorted.

NOTE: Press SHIFT to refresh the indicator if the order blocks are distorted.

The indicator marks the areas where a large number of institutional orders are most likely to appear. When the price reaches the specified area, an alert is triggered, indicating that it is time to act.

You decide whether to buy or sell, depending on market conditions.

Simple Order Blocks has alerts, so you don’t have to sit in front of the schedule all day.

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Alerts are triggered when entry points are detected.

  • Order Block Color – the color of the blocks. By default, it is gray.
  • Max Width Limit of Order Block ( in Points) – limit the maximum width of order blocks to the specified value. Larger values work worse.
  • Min Width Limit of Order Block ( in Points) – limit the minimum width of order blocks to the specified value. Too small values work worse.
  • MT4 Alerts-notify when the price reaches the block.
  • Email Alerts-notify by email when the price of a block is reached
  • Phone Alerts-notify with a push notification when the price reaches the block

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