Breaker Blocks

Breaker blocks are ‘smart money’ footprints in the charts

This ‘Smart Money’ indicator highlights breaker blocks on MT4 charts. It will highlight both bullish and bearish breakers, and alerts to popup, push & email.

Displays both bullish and bearish breaker blocks
Option to display only bullish or bearish breaker blocks
Adjust how many candles to look back for breaker blocks
Adjustable ‘depth’ setting for selection of minor to major swing-points
Adjust the length of the breaker Block highlight box
Alerts to Popup, Push & Email

Breaker Blocks Indicator package

$29

Not familiar with “Smart Money” concepts? Want to learn?

All of my products come with 25+ hours of Smart Money video courses (in full HD) by some of my mentors, a VERY valuable education!

$29 – Purchase the Breaker Blocks indicator package via Paypal

Instant download after payment

Breaker Blocks MT4 Indicator

breaker block indicator

Depth of Zigzag (Minimum: 4, Maximum: 36) – This setting determines the minimum number of bars without a second maximum or minimum deviation of the bar (Changing this setting parameters will change the length of the swings)
Look-back Candle – Set the amount of candles that the indicator will look back to highlight breaker blocks
Display Option – Allows you to display:
- Both Bullish and Bearish breaker blocks
- Bullish breaker blocks only
- Bearish breaker blocks only
- Hide all breaker blocks
Additional OB Box Length – Adjusts the length of the breaker block highlight box. IE:
- Zero (0) will extend the box to the current candle
- A setting of 50 will extend the box 50 candles past the breaker block qualifying candle, etc
Breaker Box Fill Option – Choose to highlight the breaker block box as either an ‘outline’ or a ‘filled’ color box
Bull Breaker Box color – Select the color of your choice
Bear Breaker Box color – Select the color of your choice
Alerts
- Popup Alert – Alert will trigger the popup window and an alert sound
- Push Alert – Alert will trigger a message sent to your cell phone
- Email Alert – Alert will trigger a message sent to your email address

A little refresher course on Breaker Blocks:

Breaker blocks are basically an order block that failed to hold (price didn’t respect it and broke straight through) after taking liquidity.

Breakers are formed when stop hunts are performed, generally when ‘smart money’ have taken out a short term high or low then reversed quickly into the underlying trend. Once price reverses and then retraces back into the breaker block (mitigating their losses), this is where we can focus on possible trade entries.

The Bullish Breaker block:

A Bullish breaker is the last up close candle in a swing low prior to price making a higher high. It becomes valid once stops are taken below a previous swing-low, price then reverses and breaks above the swing-high that contains the breaker candle:

The Bearish Breaker block:

A Bearish breaker is the last down close candle in a swing high prior to price making a lower low. It becomes valid once stops are taken above a previous swing-high, price then reverses and breaks below the swing-low that contains the breaker candle:

breaker block forex

When price returns to a Breaker block:

It should react to either the open or 50% level (equilibrium) of the breaker candle

Indicator Display Options:

Option to display only bullish or bearish breaker blocks:

The Alert triggers when the ‘qualifying’ candle CLOSES:

breaker block

The trade entry occurs later, if/when price retraces to the breaker block to mitigate::

Wicks matter?

Wicks DO count for the candle that makes the lower low or higher high
Wicks do NOT count for the candle that breaks below or above the previous swing-point to qualify the breaker block, this candle must CLOSE below/above in order for the breaker block to show on the chart

Only Bullish Breakers that make a LOWER LOW FIRST qualify as a breaker:

Note: WICKS DO COUNT (as well as a candle body) for the bearish candle that makes this LOWER LOW

WICKS that break ABOVE the previous swing-high DON’T COUNT and do not qualify to highlight the breaker box (and trigger the alert). A candle must CLOSE above the previous swing-high to qualify the breaker block

Only Bearish Breakers that make a HIGHER HIGH FIRST qualify as a breaker:

Note: WICKS DO COUNT (as well as a candle body) for the bullish candle that makes this HIGHER HIGH

WICKS that break below the previous swing-low DON’T COUNT and do not qualify to highlight the breaker box (and trigger the alert). A candle must CLOSE below the previous swing-low to qualify the breaker block