Recycling Order Block ICT Indicator MT4 Download | Forex Indicator Download - MetaTrader 4 Resources - MetaTrader 4 Resources

The Recycled Order Block indicator in MetaTrader 4 identifies Order Block areas based on ICT style concepts.

After the price breaks and overlaps two or five zones and then returns to them, this trading tool identifies areas of support or resistance and determines the potential for the next step in the market trend .

Recycling order block ICT indicator specification table

The general specifications of recycling order block ICT indicators are shown in the table below.

Uptrend Conditions

The picture below shows the price chart of Gold (XAUUSD) against the US dollar within one hour.

The indicator signals a Buy order block when the price reaches a certain level and reacts to it for two or five consecutive pivots , especially after the last bearish candle before a bullish structure breakout.

downtrend conditions

The image below shows the price chart of the Australian Dollar against the New Zealand Dollar (AUD/NZD) on a 15 minute time frame.

The last bullish candle preceded a bearish structure breakout of the liquidity allocation zone in the recycled order block indicator. The price return indicated the entry of smart money and was a suitable position to sell trade.

Indicator Settings

The image below shows the customizable parameter recycling order block indicator :

• Bar Count : Number of candles
• Curve Buyer : Bullish Curve
• Curve Seller : Bearish Curve
• 3 Point Strategy : Triple Strategy
• 5-Point Strategy : five-point strategy
• Opposite Color : Contrasting Hue

Conclusion

The Recovered Order Block indicator confirms the strength of the trend. Order Block break and its return (especially in 2 or 5 consecutive pivots), emit Buy or Sell signals.

The resulting signal of the MetaTrader 4 indicator is indicated by a red arrow.