Order Block Trading is a technical analysis technique that tracks where big players are more likely to place their orders. It can also be construed as zones of support & resistance, where the same traders might place an order.
In fact, Order Blocks are special kinds of supply and demand zones formed when there is a block order and in forex could potentially be used to help formulate a trading strategy.
At the moment, the lack of a precise MetaTrader indicator, and the simple fact that forex is a decentralised market, makes difficult to find such a tool for day trading. Nevertheless, I have a couple of indicators that might prove useful in developing such strategy for MT4.
Here’s an image:
So, the discussion is started. On my next post I will try to upload another image, MT4 indicators and template