Order Block Indicator
Strong Order Block Trading Indicators, also known as blocks of orders, order for the sale or purchase of a large number of securities and are often used by institutional traders as a way of looking at support and resistance.
A simple order block indicator aims to identify order blocks, which are often times optimal trade entries. The primary strategy is to use the indicator when making trades at strategic points.
As a result, if the price moves away from that price point, the strategy becomes violated. However, after a few pips have been booked, say 10–15 pips, the stop loss should be brought to breakeven.
A description of how it works:
If the price reaches the highlighted area, an alert will sound, prompting you to take action. This indicator draws areas where institutional order flows are likely to occur.
Depending on the current market conditions, you will decide whether to buy or sell.
With Order Block, you don’t have to look at charts all day long. It is possible to set the ORDER BLOCKS to send you signals via email, SMS, or platform pop-ups. This is helpful because you can monitor multiple charts simultaneously.
You will receive alerts when the Strong Order Block Trading Indicator locates entry points
The broker should have low fees, low swaps, and also a fast server. The Trader Indicator works with any broker and any type of account, but we recommend our clients use one of the best brokers listed below:
Order Block Indicator download link