Order Blocking + Invalid Indicator Download MT5 - Free - [Trading Search] | Forex Indicator Download - MetaTrader 5 Resources

The Order Block + Invalid Indicator is an advanced tool in MetaTrader 5 for identifying liquidity zones and drawing them as order blocks.

Market makers place order blocks so that they become points suitable for setting support and resistance lines.

This smart money indicator draws bullish order blocks in green boxes and bearish order blocks in red boxes. Additionally, it shows the consumption of the order block by changing the color of the order block to gray .

Indicator specification table

Indicators at a glance

This indicator automatically identifies potential areas for forming order blocks and plots them. The area highlighted by the indicator is suitable for setting stop loss and take profit lines. This indicator is particularly useful for traders using ICT strategy and Smart Money trading styles.

Order blocking in a bullish trend

As shown in the Solana Coin (SOL) chart on the 1-hour timeframe, this indicator identifies order placement points and draws a bullish order block . When the price hits the order block, a reversal can be expected. According to the chart, price has returned to the order block, creating a buying opportunity (long) . The consumed order block area is shown in gray .

Order blocking in bearish trends

The price chart of NZD/USD on the one-hour timeframe shows how the Order Block indicator works. According to the image, the indicator draws a bearish order block and after the price returns to the order block, a suitable position sell trade is created. Completely consumed order blocks will be converted to gray .

Indicator Settings

• Color theme for charts and objects: Theme is set to Light
• Back candles check: The number of candles used to calculate the order block is set to 1000
• Prefix of objects: Determines the prefix of the objects and items drawn by the indicator
• Vertical line display permission: Enable display of vertical lines formed by order blocks
• Show level 1 trends: Disable display of level 1 trends
• Display BOS and ChoCH Level 1: Disable display level 1 structure interrupts (BOS) and character changes (CHOCH)
• Show level 2 trends: Show level 2 trends is enabled
• Display BOS and ChoCH Level 2: Disable display of structure interrupts (BOS) and character changes (CHOCH) at level 2
• Show BOS and ChoCH level 2 labels: Labels for structure breaks (BOS) and character changes (CHOCH) are disabled
• The type of OB: The type of commission block issued is aggressive.
• Show OBs: Show order blocks enabled
• OBs Used color: The color of consumed order blocks is gray
• Invalid OB at close range beyond area: Delete corrupted blocks enabled
• Invalid new regions with intersections: Delete new blocks when overlapping old blocks is enabled .
• Invalid zone show: Disable display of invalid zones on the chart

Summary

The Order Block + Void indicator is a powerful and practical tool suitable for all trading markets, such as cryptocurrency , Forex market , and Commodity . In addition, using this ICT indicator may help optimize liquidity based strategies.