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Some clarification on Order Blocks please? 9 replies

MT4 Order Pending Order/Order Modify Issue 1 reply

Blocks of Transparent colour 4 replies

Getting Past Blocks / Barriers 4 replies

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MT4 Order Blocks

  • #1
  • First Post: Jul 3, 2015 2:33am Jul 3, 2015 2:33am
Is there any indicators that mark up Order Blocks on MT4? thanks guys
  • #2
  • Jul 4, 2015 5:12pm Jul 4, 2015 5:12pm
What are "order blocks"?
I'm not trying to convince anyone. I'm not in the "convincing" business.
  • #3
  • Jul 4, 2015 11:31pm Jul 4, 2015 11:31pm
Quoting skenobi
What are "order blocks"?
Hi orderflow might be a better word, looking to see key price levels above and below for where stops might be.
  • #4
  • Jul 5, 2015 5:51am Jul 5, 2015 5:51am
Quoting libbo2003
{quote} Hi orderflow might be a better word, looking to see key price levels above and below for where stops might be.

If you ...
1. pull up a daily or H4 line (not candlestick or bar) chart,
2. zoom out to as far back in time as your eyes can read it,
3. and then manually draw horizontal lines where there are a lot of price action history (i.e. price tests from above and below the horizontal levels you're examining),

... then those lines pretty much indicate where orders may cluster.

Institutional orders tend to cluster around familiar levels, regardless of whether the traders consciously intended it or not.

I'm sure there's a robust indicator out there that does all the above, but I have not found it yet. (To be honest, I haven't really been looking for such an indicator because I'd rather eyeball the lines myself.)

In any case, good luck in your search!
I'm not trying to convince anyone. I'm not in the "convincing" business.
  • #5
  • Jul 5, 2015 8:00am Jul 5, 2015 8:00am
Oanda gives you a glimpse into their order book via Oanda labs, and they do have an mt4 interface. Not sure if that exactly corresponds to what you need, but could point you in the correct direction.
Cheers,
k
  • #6
  • Jul 5, 2015 8:31am Jul 5, 2015 8:31am
Quoting kprsa
Oanda gives you a glimpse into their order book via Oanda labs, and they do have an mt4 interface. Not sure if that exactly corresponds to what you need, but could point you in the correct direction. Cheers, k
Nice suggestion... as long as everybody understands...

1. the risks of depending on order book information that ONLY represents Oanda customers (Oanda clearly states the info is "A 24-hour summary of open orders and positions held by OANDA's clients").
2. that Oanda's order book is likely a very tiny percentage of the world's total order book information which consists of MOSTLY institutional orders and standing instructions (and these bank trader orders will never be completely known or revealed to outsiders).
3. that Oanda's clients may not adequately represent mirror the sentiment of institutional traders (who represent the REAL forex market), and therefore should not be relied upon always.
I'm not trying to convince anyone. I'm not in the "convincing" business.
  • #7
  • Jul 5, 2015 10:30am Jul 5, 2015 10:30am
Quoting skenobi
{quote} Nice suggestion... as long as everybody understands... 1. the risks of depending on order book information that ONLY represents Oanda customers (Oanda clearly states the info is "A 24-hour summary of open orders and positions held by OANDA's clients"). 2. that Oanda's order book is likely a very tiny percentage of the world's total order book information which consists of MOSTLY institutional orders and standing instructions (and these bank trader orders will never be completely known or revealed to outsiders). 3. that Oanda's clients may...
All agreed. The argument is though that it is the mass psychology that moves the market. Also, while the order book makes the most sense for eur/usd, representing a large chunk of their trading volume, for the other pairs and particularly for the crosses it does get fuzzy.
I am personally using their sentiment data (historical position ratios) with some success. It is remarkable to watch the crowd psychology revealed as they are reacting to the price action - in most cases just to get slaughtered by the more informed market participants.

Cheers,
k
  • #8
  • Oct 31, 2020 6:24am Oct 31, 2020 6:24am
The masses don't control the market at all, the banks and the hedge funds do. Even if we all got together we wouldn't have the liquidity needed to contest with the big money. There is no psychology in the price movement of the market other than the reverse psychology they play on retail traders. The price goes where the money flows, where is the liquidity pools, where are the biggest orders, and what open orders need to be closed depending on bond spreads and interest rate adjustments? Think about it... if a particular pairs bond spreads produce a positive yield on a carry trade then the banks have no problem leaving positions in that favor open. On the flip side, they will want to close positions in the opposite direction. If you think the masses have any control in what currency pairs are valued at then you are far off from the cold reality that drives the market. It's as simple as understanding how the banks are going to make the most profit and then following them.
  • #9
  • Oct 31, 2020 10:05am Oct 31, 2020 10:05am
Quoting Lairddannis
The masses don't control the market at all, the banks and the hedge funds do. Even if we all got together we wouldn't have the liquidity needed to contest with the big money. There is no psychology in the price movement of the market other than the reverse psychology they play on retail traders. The price goes where the money flows, where is the liquidity pools, where are the biggest orders, and what open orders need to be closed depending on bond spreads and interest rate adjustments? Think about it... if a particular pairs bond spreads produce...
Read the following thread, you may find the indicator follows your argument.
https://www.forexfactory.com/thread/...timent-for-mt4
  • #10
  • Oct 31, 2020 10:39am Oct 31, 2020 10:39am
Quoting skenobi
What are "order blocks"?
https://www.mql5.com/en/market/product/46295
  • #11
  • Oct 31, 2020 4:04pm Oct 31, 2020 4:04pm
There is no argument, I worked for a big bank player in the game. I know for a fact
  • #12
  • Oct 2, 2021 5:06pm Oct 2, 2021 5:06pm
I know this thread is really old. But hope this helps.

Abiroid OrderBlock Scanner Dashboard
Attached File(s)
File Type: ex4 Abiroid OrderBlock Scanner_v1.1.ex4   186 KB | 4,033 downloads


Attached Image (click to enlarge)
Click to Enlarge Name: OrderBlockScanner.jpg Size: 121 KB


Based on Indicator: MTF_OrderblocksV3.0.ex4
Attached File(s)
File Type: ex4 MTF_OrderblocksV3.0.ex4   58 KB | 5,727 downloads


Attached Image (click to enlarge)
Click to Enlarge Name: a1.jpg Size: 133 KB


Helps identify order blocks when higher timeframe OB are near current timeframe OB.
Best time to trade is to wait for a strong candle to break order block current (red) and H4 downwards.
And then keep a sell pending order at the order block for when price retraces. Same for Buy vice-versa.

Trade only when current Up (Blue) and Down (Red) order blocks are far from each other like in above image.


About dash:
Green text: Order block crossed Up
Red text: Order block crossed Down
Yellow: Price near Order block withing min distance points
  • #13
  • Dec 4, 2021 10:56am Dec 4, 2021 10:56am
Quoting daniel.dmn
I know this thread is really old. But hope this helps. Abiroid OrderBlock Scanner Dashboard {file} {image} Based on Indicator: MTF_OrderblocksV3.0.ex4 {file} {image} Helps identify order blocks when higher timeframe OB are near current timeframe OB. Best time to trade is to wait for a strong candle to break order block current (red) and H4 downwards. And then keep a sell pending order at the order block for when price retraces. Same for Buy vice-versa. Trade only when current Up (Blue) and Down (Red) order blocks are far from each other like in...
Thanks Daniel. These don't look like OrderBlocks to me. Are you able to explain the calculation method for these indicators?
  • #14
  • Jan 8, 2022 10:56am Jan 8, 2022 10:56am
Quoting Liovannix
{quote} https://www.mql5.com/en/market/product/46295
This made my day .
Thanks.
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #15
  • Feb 9, 2023 9:34am Feb 9, 2023 9:34am
ICT Live interview, face to face. First time ever.

Inserted Video
  • #16
  • Jun 16, 2023 7:04am Jun 16, 2023 7:04am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 14 KB

Attached File(s)
File Type: ex4 fvg.ex4   210 KB | 1,950 downloads

Attached File(s)
File Type: ex4 orderblock.ex4   275 KB | 2,700 downloads
  • #17
  • Jun 20, 2024 3:41am Jun 20, 2024 3:41am
Quoting kourosh1347
{image} {file} {file}
Indicator has expired?
  • #18
  • Jun 20, 2024 7:14am Jun 20, 2024 7:14am
Quoting donwan
{quote} Indicator has expired?
Attached File(s)
File Type: ex4 orderblock.ex4   237 KB | 1,167 downloads

Attached File(s)
File Type: ex4 fvg (1).ex4   208 KB | 824 downloads

Attached File(s)
File Type: ex4 volumeprofile.ex4   308 KB | 945 downloads

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 26 KB
  • #19
  • Apr 24, 2025 8:01am Apr 24, 2025 8:01am
[citazione=kourosh1347;14906773]{citazione} {file} {file} {file} {immagine}[/citazione]
All expired shits stuff
  • #20
  • Nov 17, 2025 12:52am Nov 17, 2025 12:52am
Hi sir mtf_orderblock does not work at all indicator .can install on mt4, plz upload working indicator with non repaint arrows ,thanks
khan
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