The Order Block and Breaker Block Indicator (MT4) is a powerful Smart Money Concept (ICT) tool designed for MetaTrader 4. It identifies key areas where Order Blocks (OB) and Breaker Blocks (BB) overlap, helping traders find high-probability trading zones.
Key Features:
Bullish zones (
green) – Indicate strong support areas where price may bounce.
Bearish zones (
brown) – Mark resistance areas where price may reverse.
Identifies Smart Money footprints to enhance trading strategies.
You can download it from this link:
https://cdn.tradingfinder.com/file/2...4-by-tflab.zip
You can also access the MetaTrader 5 version of this indicator through this page:
https://www.forexfactory.com/thread/...icator-for-mt5
For instructions on how to install:
https://www.forexfactory.com/thread/...-in-metatrader
Identifying Bullish & Bearish Overlaps
Bullish Order & Breaker Block Overlap
Example: GBP/JPY (15-minute chart)
The indicator highlights a bullish overlap (green).
When the price revisits this area, it reacts and moves higher.
Bearish Order & Breaker Block Overlap
Example: EUR/USD (15-minute chart)
The indicator detects bearish overlap (brown) in a downtrend.
The price reacts to this zone and continues downward.
BB + OB Indicator Settings
General Settings
Candles to Look Back – Defines historical data range.
Show Start Line – Toggle start point visibility.
Hide Intersection – Hide/show overlapping zones.
Order Block (OB) Settings
OB Mode – Choose between Normal, Aggressive, or Defensive.
Show OB Levels – Toggle visibility of Order Blocks.
Breaker Block (BB) Settings
BB Mode – Set to Normal, Aggressive, or Defensive.
Show BB Levels – Enable/disable Breaker Block zones.
Overlap Zone Settings
Show BBOB Zones – Toggle visibility of Order + Breaker Block overlaps.
Why Use the BB + OB Indicator?
Smart Money Trading – Understand where institutions place orders.
High-Probability Zones – Trade at key supply & demand areas.
Works on All Timeframes – Ideal for scalping, intraday, and day trading.
Forex, Indices & Crypto – Versatile indicator for multiple markets.
This advanced trading tool helps traders make better, data-driven decisions by identifying critical price reaction zones
.
Key Features: Bullish zones ( green) – Indicate strong support areas where price may bounce. Bearish zones ( brown) – Mark resistance areas where price may reverse. Identifies Smart Money footprints to enhance trading strategies.You can download it from this link:
https://cdn.tradingfinder.com/file/2...4-by-tflab.zip
You can also access the MetaTrader 5 version of this indicator through this page:
https://www.forexfactory.com/thread/...icator-for-mt5
For instructions on how to install:
https://www.forexfactory.com/thread/...-in-metatrader
Inserted Video
Identifying Bullish & Bearish Overlaps Bullish Order & Breaker Block Overlap Example: GBP/JPY (15-minute chart) The indicator highlights a bullish overlap (green). When the price revisits this area, it reacts and moves higher. Bearish Order & Breaker Block Overlap Example: EUR/USD (15-minute chart) The indicator detects bearish overlap (brown) in a downtrend. The price reacts to this zone and continues downward. BB + OB Indicator Settings General Settings Candles to Look Back – Defines historical data range. Show Start Line – Toggle start point visibility. Hide Intersection – Hide/show overlapping zones. Order Block (OB) Settings OB Mode – Choose between Normal, Aggressive, or Defensive. Show OB Levels – Toggle visibility of Order Blocks. Breaker Block (BB) Settings BB Mode – Set to Normal, Aggressive, or Defensive. Show BB Levels – Enable/disable Breaker Block zones. Overlap Zone Settings Show BBOB Zones – Toggle visibility of Order + Breaker Block overlaps. Why Use the BB + OB Indicator? Smart Money Trading – Understand where institutions place orders. High-Probability Zones – Trade at key supply & demand areas. Works on All Timeframes – Ideal for scalping, intraday, and day trading. Forex, Indices & Crypto – Versatile indicator for multiple markets.This advanced trading tool helps traders make better, data-driven decisions by identifying critical price reaction zones
.
