Order Block & Support/Resistance Trading

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 :slight_smile:

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