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The video presents a free order block indicator available on trading view that can help achieve financial goals; it puts red order blocks for sell and green for buy with breakout signals in blue. The video shows examples of how to use the indicator and advises focusing on blue, green, and red order blocks while using hekanashi candle charts for entry. Subscribers can contact the presenter for coaching and mentorship. The name of the indicator is Higher Order Order Blocks Plus Breakout Breaker Blocks by PMK07.
The Best Free Order Block Indicator for Trading View
Introduction
Understanding how Indicators Work
Where to find the Indicator for Trading View
How to use the Higher Order Blocks Plus Breakout Breaker Blocks
Introduction
As a trader, it can be tough to stay on top of all the tools available to you. With so many options out there, it can be hard to know which ones are worth your time and effort. In this article, we will be discussing the best order block indicator available for free on Trading View.
Understanding how Indicators Work
Before we dive into the details of the indicator, it’s important to understand how indicators work in general. Indicators are tools that help traders analyze price action and identify trading opportunities. They are often based on mathematical formulas and are applied to charts to help visualize data.
Indicators come in many forms, including moving averages, trendlines, and oscillators. Each indicator has its own strengths and weaknesses and can be used in different ways to help traders make informed decisions.
Where to find the Indicator for Trading View
The order block indicator we will be discussing today is called Higher Order Blocks Plus Breakout Breaker Blocks. It has over 26,000 downloads and was created by PMK07.
To find this indicator on Trading View, simply search for Higher Order Blocks in the Indicator section. Once you find it, add it to your favorite section for easy access.
How to use the Higher Order Blocks Plus Breakout Breaker Blocks
Now that you know where to find the indicator, let’s discuss how to use it.
When applied to a chart, the indicator will generate red and green rectangles, representing order blocks for sell and buy positions, respectively. It will also indicate where a potential breakout is coming by highlighting the block with a blue color.
It’s important to note that not all green and red blocks are created equal. It’s best to focus on the blue and green blocks because they represent the breakout areas and potential buy positions, respectively.
Let’s take a look at some examples to see the indicator in action.
On a gold five-minute chart, the indicator generates a green order block, which indicates a potential buy position. If you had taken a buy position here, you could have made a profit as the market continued to move in an upward direction.
On a USD/CHF chart, the indicator generates a rectangle that hints at a potential trend reversal. If you had followed the indicator and sold at the appropriate time, you could have made a profit as the market shifted directions.
On an AUD/JPY chart, the indicator generated a green order block indicating a bullish trend. This would be a good time to take a buy position using Hikanashi candles. Hikanashi candles are useful in identifying trend reversals based on their color and appearance.
In summary, the Higher Order Blocks Plus Breakout Breaker Blocks is a great indicator for traders who want to identify potential buy and sell positions. However, it’s important to use other indicators and analysis tools in conjunction with this indicator to make informed trading decisions.
Conclusion
As a trader, it’s important to experiment with different indicators and tools to find the ones that work best for you. The Higher Order Blocks Plus Breakout Breaker Blocks is a great free option that can be used in conjunction with other analysis tools to help you achieve your financial goals.
If you found this article helpful, don’t forget to share it with your fellow traders and subscribe to FX Mentor for more updates and technical analysis. And if you’re interested in personalized price section coaching or mentorship from the author, be sure to reach out on Telegram.
