Order Block Indicator
Order Block Indicator For MT4 automatically identifies order blocks and applies various filters to provide the best buy or sell entry point.
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.
Order Block Indicator For MT4
The above GBPUSD H1 candlestick price chart shows the Order block indicator for MT4 in action. In fact, the indicator has multiple methods to identify and filter the order blocks. Additionally, the indicator alerts if price reaches the order block and also if price rejects the order block.
The best trading method is to enter when price retraces back to the order block.
Conclusion
To summarize, the Order Block indicator for MT4 is an essential indicator for forex smart money traders.
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