Order Block Indicator MT4

This is an indicator for MetaTrader 4 (MT4) that identifies and highlights order blocks on the chart. Order blocks are price levels where significant buying or selling activity has occurred in the past, indicating potential support or resistance areas.

Installation

To install the Order Block Indicator MT4, follow these steps:

1. Download the indicator file from the development site.
2. Open your MetaTrader 4 platform.
3. Click on 'File' in the top menu and select 'Open Data Folder'.
4. In the opened folder, navigate to 'MQL4' -> 'Indicators'.
5. Copy the downloaded indicator file into the 'Indicators' folder.
6. Restart your MetaTrader 4 platform.

Usage

Once the Order Block Indicator MT4 is installed, you can add it to any chart in MetaTrader 4 by following these steps:

1. Open the chart you want to add the indicator to.
2. Click on 'Insert' in the top menu and select 'Indicators'.
3. In the indicators list, navigate to 'Custom' and select 'Order Block Indicator MT4'.
4. Adjust the input parameters according to your preferences. The default parameters are set to H1, H4, D1, and W1 timeframes.
5. Click 'OK' to add the indicator to the chart.

The indicator will plot bullish blocks and bearish blocks on the chart based on the specified timeframes. Bullish blocks are shown as green lines, and bearish blocks are shown as red lines.

Development Site

This code was developed by Forex Robot Easy. Visit the development site for more information and to review the Order Block Indicator MT4, which is considered one of the most accurate and customizable forex software available.

Please note that the development site is responsible for the accuracy and functionality of the indicator.