This ‘Smart Money’ indicator has the ability to point out order blocks that have not been mitigated yet (& will probably cause a reaction when price returns to touch them), and alerts to popup, push & email.
- Displays both bullish and bearish unmitigated order blocks
- Option to display only bullish or bearish unmitigated order blocks
- Choose to highlight the unmitigated order block ‘candle only’ or ‘candle with wicks’
- Selectable unmitigated order block ‘strength’
- Adjust how many candles to look back for unmitigated order blocks
- Adjust the length of the unmitigated order blocks highlight box
- The highlight box changes colour when price touches it, & disappears completely after the next candle on that timeframe
- Alerts to Popup, Push & Email
Unmitigated 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!
$29 – Purchase the Unmitigated Order Blocks indicator package via Paypal
Instant download after payment
Unmitigated Order Blocks MT4 Indicator
- Display OB Option – Allows you to display:
- Both Bullish and Bearish unmitigated order blocks
- Bullish unmitigated order blocks only
- Bearish unmitigated order blocks only
- Hide all unmitigated order blocks
- Look-back Candle Count – Set the amount of candles that the indicator will look back to highlight the unmitigated order blocks
- OB Candle Type – Choose to highlight the unmitigated order blocks candle (body) only, or to highlight the unmitigated order blocks candle body AND its wicks
- Candle Count ignored from start of peak (Peak = Candle 0) – This setting will choose the STRENGTH of the ‘unmitigated’ order block, IE:
- If set to 1 (recommended) – the unmitigated order block will only be highlighted if price moves away from it on the very next (first) candle. THIS IS THE STRONGEST UNMITIGATED ORDER BLOCK POSSIBLE
- If set to 2 – the unmitigated order block will only be highlighted if price moves away from it on the second candle. This is considered a ‘weaker’ unmitigated order block
- === 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
- === Visualization ===
- Show Look-back Line – Select true or false to display the look-back line on the chart
- Look-back Line Color – Select the color of your choice
- OB Box Length, Bars – If set to 0 (zero) the unmitigated order block box will extend all the way to the current candle. If any other number is used the unmitigated order block box will extend to that amount of candles
- Bull OB Line color – Select the color of your choice
- Bear OB Line color – Select the color of your choice
- OB Intercepted color – Select the color of your choice
- OB Box Type – Choose to highlight the unmitigated order block box as either an ‘outline’ or a ‘filled’ color box
A little refresher course on Unmitigated Order Blocks:
What is price mitigation?
It’s essentially ‘smart money’ retracing to mitigate (exit) buy/sell orders that were AGAINST their current trend, and then continuing in the direction of the institutional order flow.
Unmitigated order blocks can occur on any timeframe, and at both external or internal points in the current range:
So in a bullish trend price may return to an unmitigated order block to mitigate the sell trades that were placed in the bearish retracements (and to get a better price to place buy orders). Vice versa for a bearish trend.
And remember, the strongest order blocks:
- Take liquidity first (stop hunt)
- Price moves away aggressively
- Leaves a market imbalance (FVG) due to the large volume contained in the move
When price returns to an Order block:
- It should react to the open or 50% of the candle
Indicator Display Options:
Display only bullish or bearish unmitigated order blocks (or both):
Choose to highlight the unmitigated order block ‘candle with wicks’ or ‘candle body’ only:
Candle Count ignored from start of peak (Peak = Candle 0) – This setting will choose the STRENGTH of the ‘unmitigated’ order block, IE:
The picture above shows the difference between ‘1 candle’ and ‘2 candle’ unmitigated order blocks (when price moves away from the order block within either one or two candles).
- If set to 1 (RECOMMENDED) – the unmitigated order block will only be highlighted if price moves away on the FIRST candle. THIS IS THE STRONGEST UNMITIGATED ORDER BLOCK POSSIBLE
- If set to 2 – the unmitigated order block will only be highlighted if price moves away on the SECOND candle. This is considered a ‘weaker’ unmitigated order block
Note: It is NOT RECOMMENDED to use a setting higher than 2 (as this makes the unmitigated order block relatively worthless)
The highlight box changes colour when price touches it, & disappears completely after the next candle on that timeframe:
When price returns to touch the unmitigated order block, the ‘box’ will turn into a purple outlined box and then the highlighted unmitigated order block ‘box’ will disappear completely after the next candle closes.
Adjust the length of the Unmitigated order blocks highlight box:
If the highlight box length is set to a specific number, the alert will still trigger even if price hits the unmitigated OB price level PAST the extension of the box.
Unmitigated 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!
$29 – Purchase the Unmitigated Order Blocks indicator package via Paypal
Instant download after payment