Breaker Block and Order Block Indicator (BB+OB) ICT for MT5 Download — Free

The Breaker Block + Order Block Indicator (BB+OB) is specifically designed for ICT traders to identify critical market zones.

🚀source:
https://tradingfinder.com/products/indicators/mt5/breaker-order-block-free-download/

🚀free indicator download:

https://cdn.tradingfinder.com/file/245872/bbob-ict-mt5-by-tflab.zip

Utilizing a proprietary algorithm, it detects overlapping Order Blocks and Breaker Blocks, displaying them on the MetaTrader 5 (MT5) platform in bullish green and bearish brown zones. This tool enables traders to pinpoint entry and exit points with greater accuracy, thereby optimizing trading strategies based on these significant areas.

BB + OB Indicator Specifications

✔️Identifying Bullish Breaker Block and Order Block Overlap

In the 15-minute EUR/JPY chart, the BB + OB Indicator accurately identifies bullish Order Blocks and Breaker Blocks, highlighting the overlapping area in green.
As the price revisits this critical zone, the market responds swiftly, and the upward trend continues. This rapid price reaction underscores the indicator’s value in forecasting price movements and enhancing trading decisions.

✔️Identifying Bearish Breaker Block and Order Block Overlap

On the 4-hour USD/JPY chart, during a downtrend characterized by lower lows, the BB + OB Indicator detects Order Blocks and Breaker Blocks, marking the overlapping area in brown.
Traders can monitor these zones to anticipate potential price reactions, thereby making more informed trading choices. This indicator serves as a valuable asset for in-depth market analysis.

💰Indicator Settings

The BB + OB Indicator offers customizable settings to align with individual trading preferences:

Display Settings:

• Color Theme Of Chart And Object: Select the desired color theme.

General Settings:

• Candles To Look Back: Define the number of candles for historical data analysis.
• Show Start Line: Toggle the visibility of the initial calculation line.
• Hide Intersection: Choose to display or conceal overlapping Order Blocks.

Level 1 Settings:

• Level1 Trend Calculation Type: Select the trend line calculation method (e.g., dashed lines).
• Level1 Trend Show: Enable or disable the Level 1 trend line display.

Level 2 Settings:

• Level2 Trend Show: Enable or disable the Level 2 trend line display.

Order Block (OB) Settings:

• Level1 OB Mode: Choose the calculation mode for Level 1 Order Blocks: Normal, Aggressive, or Defensive.
• Level1 OB Show: Decide whether to display Level 1 Order Blocks.

Breaker Block (BB) Settings:

• Level1 BB Mode: Choose the calculation mode for Level 1 Breaker Blocks: Normal, Aggressive, or Defensive.
• Level1 BB Show: Decide whether to display Level 1 Breaker Blocks.

Order Block + Breaker Block (BBOB) Settings:

• Level1 BBOB Show: Decide whether to display combined Order Blocks and Breaker Blocks.

Summary

The BB + OB Indicator is a practical and effective tool for traders aiming to identify overlapping Order and Breaker Blocks. By highlighting these zones and independently displaying Order Blocks and Breaker Blocks on the chart, traders can make more precise decisions and develop strategies based on accurate data. Incorporating this indicator into trading routines can enhance performance and improve the accuracy of market analysis.

FAQs

💎What is the purpose of the BB + OB Indicator?

The BB + OB Indicator is a specialized tool for ICT traders, designed to help identify critical market zones by detecting overlapping Order Blocks and Breaker Blocks.

💎Is the BB + OB Indicator suitable for all experience levels?

While the indicator is tailored for ICT traders, it can also be beneficial for traders with varying levels of experience seeking to enhance their market analysis.