Carlos Forero, a finance specialist and futures, stock, and forex trader, published the Order Blocks indicator on the mql5 site in May 2019. In January 2020, the indicator was updated to version 1.4.1.
Order Blocks Overview
Order Blocks Indicator shows high-probability areas where the price will be heading, allowing you to trade the direction of the order on the MT4 Platform. The indicator can be used to trade breakout or retracement patterns and can identify support or resistance levels that can serve as take-profit zones. Bullish order block are shown with horizontal green lines. Bearish blocks are shown in red. Green, red and yellow arrows indicate bullish/bearish signal. The indicator is designed to be used in conjunction with market maker and trend patterns. A few products are highly recommended.
Three options are available to rent this indicator.
- One Month: $49.99 USD
- Three months for $79.99 USD
- Six months: $119.99 USD
The cost of the product can easily add up, with the annual price being just under $240. You will incur additional costs if you follow the developer’s recommendation to use the recommended product. However, a few of these are free. Author offers a demo that can be used to test the product before purchasing.
Order Blocks indicator is useful to trade in the direction of an order, identify support and resistance levels, or use retracement/breakout pattern. Based on this review, the product received a 5-star score.
“Good. Use your strategy .” instead of trading arrows to arrows as a signal.
Remember that this is the one and only review of the indicator. Order Blocks Indicator, while it is a highly effective product, is best used in conjunction with other products.
This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/37616