Breaker Block + Void Indicator Download for MT5 - Free
The Breaker Block + The break refers to the order block area on the chart where the price returns after breaking through a certain area. In short, the price retracement area of the order block is considered a breakout block.
The "Circuit Breaker Block" After the order block is broken and price returns, the indicator automatically identifies important areas as breakout blocks, analyzes price action and identifies patterns.
Indicator specification table
The following table summarizes the characteristics of the Breaker Block + Void indicator:
| Indicator categories: | Smart Money MT5 Indicators Liquidity Indicators MT5 Indicators ICT MT5 Indicators |
| Platforms: | MetaTrader 5 Indicators |
| Trading Skills: | Advanced |
| Indicator Types: | Inverse MT5 Indicator |
| Time frame: | Multi Time Frame MT5 Indicators |
| Trading Style: | Intraday MT5 Indicators |
| Trading Tools: | Forex MT5 Indicator Cryptocurrency MT5 Indicator Stock MT5 Indicator Commodity MT5 Indicator Forward MT5 Indicator Stock MT5 Indicator |
Circuit Breaker Block Indicators Overview
The Breakout Block indicator on MetaTrader 5 is a powerful tool for identifying key trend reversal levels. The indicator identifies blocks of orders where price breaks out and marks these areas as breakout blocks after price retracement.
Depending on the type of price movement, breakout blocks are displayed in different colors: bullish breakout blocks are shown in green, bearish breakout blocks are shown in red, and the consumption area of the breakout block is shown in gray.
Breakout Block + Hole Indicator in Uptrend
In the Gold/USD (XAU/USD) 4-hour timeframe price chart, after price moves upward create an order block area, it becomes a breakout block when the candle shadow retraces to this area.
Traders place their stops below these areas after receiving initial entry confirmation.
Breakout Block + Hole Indicator in Downtrend
In the Ethereum (ETH) cryptocurrency’s price chart on the 1-hour timeframe, the price corrected after the creation of the order block and converted it into a breakout block on the retracement into the area.
Traders place a stop loss above the breakout block area to enter a short (sell) position .
Indicator Settings
The indicator settings part is fully shown in the figure:
- 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
TheBreaker Block + Void Indicator is one of the tools in the MetaTrader 5 indicator and is an effective tool for identifying key trend reversal levels in financial markets.
By identifying order blocks and analyzing price action, this indicator highlights important areas that turn into breakout blocks after a period of time. price breakout .
Traders can use this indicator to identify entry and exit points and manage stop losses. Color-coded circuit breaker blocks help better understand market trends.
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