Order Block Indicator (OB) + Void MT5 — Free Download

The Order Block + Void Indicator for MetaTrader 5, developed by TradingFinder, is a sophisticated tool designed to assist traders in identifying liquidity zones and visualizing them as order blocks.

This indicator is particularly beneficial for traders employing Smart Money Concepts (SMC) and ICT (Inner Circle Trader) strategies, as it highlights potential areas for price reversals and continuations.

💎source:
https://tradingfinder.com/products/indicators/mt5/order-block-void-free-download/

💎free indicator download:
https://cdn.tradingfinder.com/file/237592/ob-void-mt5-by-tflab.zip

Indicator Overview

This indicator automatically detects and plots order blocks on the chart, distinguishing between bullish and bearish zones

• Bullish Order Blocks: Displayed as green rectangles.
• Bearish Order Blocks: Displayed as red rectangles.
• Consumed Order Blocks: Once an order block is fully utilized, it turns gray, indicating its consumption

By identifying these zones, traders can better determine potential entry and exit points, as well as set appropriate Stop Loss and Take Profit levels.

Indicator Specifications

Functional Highlights

🔺Bullish Trend Example

In a 1-hour chart of Solana (SOL), the indicator identifies a bullish order block. Upon price returning to this zone, a potential buying opportunity arises. Consumed blocks are marked in gray, indicating areas where the order block has been utilized.

🔺Bearish Trend Example

On a 1-hour NZD/USD chart, the indicator plots a bearish order block. As the price revisits this zone, it suggests a potential selling opportunity. Fully consumed blocks are displayed in gray.

💎Indicator Settings

Summary

The Order Block + Void Indicator is a valuable tool for traders seeking to enhance their market analysis through the identification of key liquidity zones. By visualizing order blocks and their consumption, the indicator aids in making informed trading decisions across various markets, including Forex, cryptocurrencies, and commodities.

FAQS

❓ What is the Order Block + Void Indicator?
It’s an MT5 indicator that identifies and marks bullish and bearish order blocks based on Smart Money Concepts.

❓ Which trading strategies is this indicator suitable for?
It’s ideal for Smart Money Concepts (SMC), ICT trading, scalping, and day trading strategies.

❓ What platforms is it available on?
It’s available only for MetaTrader 5 (MT5).

❓ Can I use it on multiple timeframes?
Yes, it supports multi-timeframe analysis.