This ‘Smart Money’ indicator allows you to set your own external range to highlight origin order blocks on any MT4 chart, and alerts to popup, push & email.
- Displays both bullish and bearish origin order blocks on any timeframe
- Option to display only bullish or bearish origin order blocks
- Choose to highlight the origin order block ‘candle only’ or ‘candle with wicks’
- Choose to highlight ‘all candles’ in the origin order block or just the ‘last candle’
- Adjust how many candles to look back for origin order blocks
- Trailing or stationary ‘look-back line’ to determine the ‘external range’
- Adjust the length of the origin order blocks highlight box
- Alerts to Popup, Push & Email
Origin Order 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! (all the video courses are available to download from our private Telegram group)
$29 – Purchase the Origin Order Blocks indicator package via Paypal
Instant download after payment
Origin Order Blocks MT4 Indicator
- Display OB Option – Allows you to display:
- Both Bullish and Bearish origin order blocks
- Bullish origin order blocks only
- Bearish origin order blocks only
- Hide all origin order blocks
- Look-back Candle Count – Set the amount of candles that the indicator will look back to highlight the ‘external range’ origin order blocks
- OB Candle Type – Choose to highlight the origin order blocks candle (body) only, or to highlight the origin order blocks candle body AND its wicks
- === 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
- Candle Delay For Alerts – Will delay the Alert trigger for the amount (of candles) entered here. (Sometimes price will touch the ‘Origin’ order block in the first few candles as price moves away, so setting a delay will stop these ‘false’ triggers).
- === Visualization ===
- Show Look-back Line – Select true or false to display the look-back line on the chart
- Auto-move Look-back Line – Select true or false. If set to ‘true’ the look-back line’ will automatically ‘trail’ the current candle by the amount of candles set in the ‘Look-back Candle Count’ setting. If set to ‘false’ the Look-back line will remain stationary
- Look-back Line Color – Select the color of your choice
- OB Candle Capture – Choose to highlight all the candles that make the origin order block (whole OB) or the last candle of the origin order block only (last candle only)
- OB Box Length, Bars – If set to 0 (zero) the origin order block box will extend all the way to the current candle. If any other number is used the origin order block box will extend to that amount of candles
- OB Box Type – Choose to highlight the origin order block box as either an ‘outline’ or a ‘filled’ color box
- Bull Box color – Select the color of your choice
- Bear Box color – Select the color of your choice
A little refresher course on Origin Order Blocks:
What is an Origin Order Block?
An ‘Origin’ order block is defined as an order block that is always positioned at the extremities of the current range (usually called the ‘External Range’):
Because they’re located at the extremities of the external range, this usually guarantees that price will react (retrace/reverse) when it touches them. This is why they are my favourite order block to trade from!
Trader X tip: I run this indicator on the H4 chart of a few of my favourite instruments with the Alert set for TRENDING origin order blocks. If I get an alert I know that if I can secure a trade entry, I have a great chance of catching an awesome trade with many pips…
Origin order block trades WITH the current trend will usually give you many more pips, as you are basically waiting for a 90% retracement of the current range. Sometimes these large retracements will not happen and you will miss the trade, but when you do manage to catch these trades they tend to offer really high rewards verses risk on entry:
Origin order block trades AGAINST the trend will usually give you less pips, as you are trading against the current (higher timeframe) trend. So entries on these types of setups should generally be considered as scalps (as price can easily revert back to the current trend and take your trade out at break-even):
Indicator Display Options:
Display only bullish or bearish origin order blocks (or both):
Choose to highlight the origin order block ‘candle with wicks’ or ‘candle body only’:
Choose to highlight the ‘last candle only’ or the ‘whole order block’ of the origin OB:
The on-chart ‘look-back line’ is selectable and draggable, allowing you to set the amount of candles that the indicator will look back to highlight the ‘external range’ of your choice:
Here we have 2 pics of the same chart. On the 2nd pic you can see that we dragged the look-back-line to the left, selecting a new ‘external range’. Note: the ‘’Look-back candle count’ setting on the indicator input tab will determine the default amount of ‘look-back candles’ initially and when changing chart timeframes.
The ‘Candle Delay for Alerts’ setting delays the Alert by the amount (of candles) entered:
Note: The ‘candle delay for alerts’ setting counts the ORIGIN OB CANDLE as candle Zero (0)
Sometimes price will touch the ‘Origin’ order block in the first few candles as price moves away, so setting a delay will stop these ‘false’ triggers:
Left Picture:
If the ‘candle delay for alerts’ setting was set to 3:
- NO ALERT when either candle 2 or 3 touches the origin OB as price moves away
Right Picture:
If the ‘candle delay for alerts’ setting was set to zero:
- ALERT WILL TRIGGER when either candle 2 or 3 touches the origin OB as price moves away
Origin Order 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! (all the video courses are available to download from our private Telegram group)
$29 – Purchase the Origin Order Blocks indicator package via Paypal
Instant download after payment