The Order Block Breaker Indicator for MT4 is a useful tool for forex traders looking to identify potential price reversal points in the market. This popular indicator is free to download and can be easily installed on the Metatrader 4 platform. The indicator works by identifying key order blocks on the chart, which are areas where significant buying or selling activity has taken place. When price approaches these order blocks, the indicator will alert the trader to potential reversal opportunities. Traders can use the Order Block Breaker Indicator to help confirm their trading decisions and spot potential entry and exit points. By paying attention to these key levels on the chart, traders can increase their chances of making profitable trades in the forex market.
MT4
Order Block Breaker
Order Block Breaker Indicator for MT4 is a popular and useful tool in the forex market. It helps traders identify order blocks and potential breakouts, improving trading decisions. This free indicator works by scanning price action to spot key levels where institutional traders place orders. Traders can use this information to enter or exit trades with confidence.
| Indicator Type | |
|---|---|
| Trading Style | |
| Timeframe | , |
| Platform |
0
People watching this product now!
Downloads - 47
Description
Reviews (0)
How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
Related products
Fibonacci Pivots
The Fibonacci Pivots Indicator is a powerful MT4 tool for Forex traders looking to predict key levels of support and resistance.Using the Fibonacci sequence, the indicator calculates the pivot levels and displays them on the chart, making it easy to identify potential entry and exit points. The Fibonacci Pivots Indicator works best in trending markets and can be used on multiple timeframes, making it suitable for both short-term and long-term traders. With its clear and easy-to-use interface, this indicator is a valuable addition to any trader's toolbox.
Zone Indicator
The Zone Indicator is a popular MT4 Forex trading tool that is new to the market and is available as a free download. This is essential for forex traders who rely on support and resistance strategies, trend traders and traders who want to anticipate price action. The Zone indicator automatically displays strong support or resistance levels on the chart.
FX5 MACD Divergence
The MACD FX5 Divergence Indicator is a new and popular forex indicator that runs on the MT4 platform. This is a free indicator that traders can use to identify potential trend reversals and momentum shifts. The indicator is based on the Moving Average Convergence-Divergence (MACD) indicator, which measures the distance between two moving averages. It analyzes the divergence between the MACD indicator and price action and then generates buy or sell signals. Use this indicator to better understand market trends and take advantage of potential profit opportunities.
Support Resistance Breakout Arrows
Unlock profitable trading opportunities with the Support Resistance Breakout Arrows indicator for MT4. It generates precise buy and sell signals using Fractal, CCI, and RSI. The indicator also automatically marks significant support and resistance levels, helping in trend analysis. Benefit from clear entry signals, customizable settings, and compatibility across various time frames for daily and long-term traders.
Reviews
There are no reviews yet.