Trend Reversal
Back to products
Dat Macd
MT4
Watch video
Click to enlarge

Adr Order Block Finder

The ADR Order Block Finder MT4 Indicator is a Forex trading tool that detects order blocks and ADR zones for potential trend reversal and continuation trading opportunities. This indicator is a popular and useful tool for traders looking to capitalize on order blocks in the Forex market.

Trading Style

Indicator Type

,

Timeframe

,

Platform

Add to wishlist
0 People watching this product now!
Categories: ,

Downloads - 1632

Download now
Description

Order blocks are pivotal zones of interest in the financial trading industry. They are zones where significant trading activities have occurred, often leading to potential trend reversal or continuation.

The ADR (Average Daily Range) Order Block Finder MT4 Indicator is a technical trading tool that detects bullish and bearish order blocks in the financial markets. Besides, it is also integrated with the ADR indicator to identify the potential average distance the price may cover before a trend reversal.

Therefore, the indicator is a powerful trading tool that assists traders in finding potential trend reversal zones (order block) for buying and selling opportunities and the optimal zone to exit the market (ADR). In essence, traders can look for buying or selling opportunities at the order block and take a profit at the ADR level.

Features of ADR Order Block Finder Indicator

  • Automatic Order Block Detection: The indicator automatically identifies probable order blocks, which makes it suitable for beginner and experienced Forex traders to find trading opportunities using order blocks.
  • Automatic ADR Detection: The indicator also automatically marks ADR zones on the chart, which doubles as the optimal take-profit zones for buy/sell trade positions.
  • Customizable Parameters: The indicator’s parameters can be customized to suit traders’ preferences and styles.
  • Chart-friendly: The indicator works seamlessly and is chart-friendly, which gives traders ample space on the chart for regular technical analysis and the addition of other indicators.

Benefits of Using the Indicator

  • Enhances Precision in Trading: The order block finder enables traders to focus on key zones in the market where there is significant price action for buying or selling opportunities. In addition, the ADR market assists traders in exiting the market at potential trend reversal zones, enhancing better trading efficiency.
  • Trend Reversal/continuation Identification: The indicator is beneficial in identifying optimal trend reversal or continuation setups using order blocks.

ADR Order Block Finder MT4 Indicator Settings

The indicator comes with the following customizable settings:

Period_b: Determines the period of the indicator.

Buy: Determines the color for the bullish order block.

Sell: Determines the color for the bearish order block.

Arrow_with: Determines the arrow width.

Time Zone of Data: Determines the time zone for market analysis.

Time Zone of Session: Determines the time zone of the trading session.

ATR Period: Period of the Average True Range (ATR).

Use Manual ADR: Enables/Disables manual identification of the ADR.

Line Style: Determine the type of line displayed (e.g., dotted, etc.).

Line Thickness: This shows the line of the ADR low.

Line Color1: Determines the line color of the ADR low.

Line Thickness2: This shows the line of the ADR high.

Line Color2: Determines the line color of the ADR high.

Bar for Labels: Determines the number of bars to display the market data.

Debug Logger: This shows log activities to identify errors in the indicator.

First_av: The default value is 5.

Second_av: The default value is 10.

Third_av: The default value is 20.

Reviews (0)

Reviews

There are no reviews yet.

Be the first to review “Adr Order Block Finder”

Your email address will not be published. Required fields are marked *

1 2 3 4 5
1 2 3 4 5
1 2 3 4 5

How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

Related products

MT4
Quick view
Add to wishlist

Volume Weighted MA

,
Volume Weighted Moving Average (VWMA) is a popular, free and useful Forex indicator for the MT4 platform. This indicator plots the average of a security's volume-weighted price over a period. It does this by measuring the volume of an asset and comparing it to the price. By doing this, traders can see if there is strong buying or selling pressure in the market. The VWMA is a great tool for traders who want to determine the strength of a trend.
MT4
Quick view
Add to wishlist

Trendline

,
The Trendline Indicator is a useful and popular free Forex indicator for MT4 platform. It is used to identify and draw trendlines on charts, which helps traders to identify and trade in the direction of the trend. The indicator works by automatically drawing trendlines on the chart when two or more points are connected. The Trendline Indicator is a great tool for any trader looking to gain an edge in the Forex markets.
MT4
Quick view
Add to wishlist

Breakout Pattern

The Breakout Pattern Indicator is a popular and free Forex indicator for MetaTrader 4 (MT4) trading platforms. It is a useful tool for traders who are looking to identify breakouts and potential trading opportunities. The indicator uses a combination of technical analysis, including support and resistance levels, trendlines, and price action to identify potential breakouts. The Breakout Pattern Indicator is a great tool for traders who are looking to take advantage of market breakouts and capitalize on potential trading opportunities.
MT4
Quick view
Add to wishlist

Price Pattern

The Price Patterns indicator for MT4 detects multiple price patterns on the chart. With its intuitive design, the Price Pattern Indicator can help traders identify potential trading opportunities with ease.
MT4
Quick view
Add to wishlist

Price Action Scaner

The Price Action Scaner Forex Indicator is a useful and popular MT4 indicator that is free to use. It is designed to help traders identify price action patterns that are most likely to lead to profitable trades. The indicator uses a combination of trend analysis, support and resistance levels, and price action signals to provide traders with an insight into the current market conditions. It also provides alerts when certain trading signals are detected, allowing traders to take action quickly. With the Price Action Scaner Forex Indicator, traders can quickly identify potential trading opportunities and take advantage of them.
MT4
Quick view
Add to wishlist

My Price Action

,
My Price Action Indicator is a nice and accurate forex trading indicator available for free on MT4 platrorm. This indicator uses historical price data to generate visual signals by highlighting support and resistance zones, trend lines, and chart patterns that can be used to make informed trading decisions. Whether you are a beginner or an experienced trader, My Price Action Indicator can provide valuable insights into the market to help you make profitable trades.
MT4
Quick view
Add to wishlist

ZP Day Trading

,
The Daytrading Forex Indicator is a popular and free MT4 tool that is useful for intraday traders. It provides a visual representation of the forex market, allowing traders to quickly identify the best entry and exit points. It also provides traders with an easy-to-use interface for setting parameters, allowing them to customize the parameters to suit their trading style. With its simple yet powerful features, the Daytrading Forex indicator is a great tool for day traders who want to make the most of their trading experience.
MT4
Quick view
Add to wishlist

Wolfe Waves

The Wolfe Waves indicator is a new and popular forex indicator available for free on the MT4 platform. It uses advanced algorithms to identify potential Wolfe Wave patterns in the market and chart those patterns, making them easy for traders to identify and analyze. The Wolfe Waves indicator is highly accurate and does not require redrawing, providing traders with reliable signals they can act on. The Wolfe Waves indicator is an essential tool for any forex trader who is trying to improve their trading strategies and identify high probability trading opportunities.