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Order Block Locator Indicator
The Order Block Locator Indicator for MT5 provides the best buy and sell signals in the forex market based on price exhaustion points.
The Order Block Locator indicator for MT5 provides important information about the market structure. The indicator identifies major trend reversal points and momentum depletion points. As a result, forex traders can identify bullish and bearish price reversal zones and BUY and SELL accordingly.
In addition, the indicator generates alerts whenever a trading signal is available.
An order block is a market structure that is defined as the last bearish candle before a bullish price move and vice versa. These order blocks act as support and resistance when traders expect the price to change direction. The indicator is well suited for advanced traders.
However, new traders can gain knowledge with practice. The indicator works well on all intraday timeframes as well as daily, weekly and monthly price charts.
Order Block Locator indicator for MT5 trading signals
The above EURUSD M30 shows the Order Block Locator indicator for MT5 in action. The indicator draws blocks of bullish orders in dark green, and blocks of bearish orders in dark purple. In addition, the indicator notifies you with messages, sound and push notifications. They can be entered according to the user’s requirements in the indicator settings.
Save time withd software.
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