Breaker Block + Void Indicator Download for MT4 - Free
The Breaker Block + Void Indicator is one of the useful tools in MetaTrader 4 indicators designed to identify key levels. A Circuit Breaker Block is an Order Block that is first broken by price and then turns into a strong retracement area.
The indicator shows bullish breakout lines in green and bearish breakout lines in red; consumed circuit breaker blocks are also shown in grey.
Indicator specification table
The following table shows the specifications of Breaker Block Indicator + Void:
| Indicator categories: | ICT MT4 Indicators Smart Money MT4 Indicator MT4 Liquidity Indicator |
| Platforms: | MetaTrader 4 Indicators |
| Trading Skills: | Advanced |
| Indicator Types: | Inverse MT4 Indicator |
| Time frame: | Multi Time Frame MT4 Indicators |
| Trading Style: | Intraday MT4 Indicators |
| Trading Tools: | Stocks MT4 Indicators Forward Markets MT4 Indicators Commodity Markets MT4 Indicators Stock Markets MT4 Indicators Cryptocurrency MT4 Indicators Forex MT4 Indicators |
Indicator overview
The Opening Gap + Circuit Breaker Block indicator visually presents gaps caused by major news events, severe market moves, or changes in market sentiment. These gaps provide traders with valuable insights into market conditions.
By combining gaps with breakout blocks, this indicator identifies new support and resistance levels within the market.
Breakout Block + Hole Indicator in Uptrend
The price chart of the GBP/USD currency pair on the daily time frame is shown in the image below. Initially, the price formed an order block, followed by a small downward correction.
After this correction, price resumes upward movement , converting the area into a circuit breaker block. As a result, prices rise after the pullback.
Breakout Block + Hole Indicator in Downtrend
In the image below, the price chart of the USD/JPY currency pair is shown on the 4-hour time frame.
After the order block is formed, price moves upward , followed by price corrections, converting the order block into a circuit breaker block. Eventually, the price fell after the pullback and continued its corrective trend.
Indicator Settings
The breaker block + void space setup portion is highlighted in the image below:
- Bar count : Calculation of the number of candles
- Hide intersection : Hide intersection
- Show circuit breaker block level 1 : Show circuit breaker block level 1
- Last display of circuit breaker block level 1 : Last display of circuit breaker block level 1
- Display of the last digit of circuit breaker block level 1 : Display mode for circuit breaker block level 1
- Display mode for circuit breaker block level 1 : Display mode for circuit breaker block level 1
- Display mode for circuit breaker block level 1 : Display circuit breaker block level 2
- Show circuit breaker block level 2 : Show circuit breaker block level 2
- Circuit Breaker Block Level 2 Last Show : Circuit Breaker Block Level 2 Last Show;
- Last number display for circuit breaker block level 2 : Displays the last number for circuit breaker block level 2
- Display mode for circuit breaker block level 2 : Display mode for circuit breaker block level 2
- Display mode for circuit breaker block level 2 : Display mode for circuit breaker block level 2
- Opposite color : Opposite color
- Support zone : Support zone color
- Resistance zone : Resistance zone color
Conclusion
The Breakout Block + Bear indicator highlights a chart area where price broke out of a key order block, and on a pullback, that level acts as new support or resistance.
Traders use similar styles like Smart Money , ICT, and Price Action to place stops outside of this area.
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