The Order Block Refined (OBR) in MT4 indicator is an advanced analytical tool built for MetaTrader 4 (MT4), tailored for traders who use ICT and Smart Money Concepts (SMC). It identifies bullish order blocks in green and bearish order blocks in brown, marking the most influential zones where institutions and banks place large orders.
These order block zones act as high-probability reversal or continuation areas, providing traders with valuable insight into market structure, liquidity, and institutional behavior. By tracking these levels, traders can make smarter, more precise trading decisions based on actual order flow.
OBR Indicator Specifications
Categories: ICT MT4 | Smart Money MT4 | Supply & Demand MT4 | Currency Strength MT4
️ Platform: MetaTrader 4
Skill Level: Advanced
⚙️ Indicator Type: Leading | Reversal
⏱️ Timeframe: Multi-Timeframe
Trading Style: Day Trading | Intraday | Scalping
Markets: Forex | Indices | Crypto
Download: https://cdn.tradingfinder.com/file/558238/market-structure-and-orderblock-ict-mt4-by-tflab.zip
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Indicator Overview
The OBR Indicator visually separates bullish and bearish order blocks directly on the chart:
This visual clarity allows traders to anticipate potential reversals or trend continuations with high accuracy, perfectly aligning with Smart Money trading strategies.
Example – Bullish Order Block (OBR)
On the 15-minute GER40 Index chart, the OBR indicator identifies a bullish order block at 18207.4, displayed in green.
When price revisits this zone, a sharp bullish reaction occurs — confirming the order block’s strength as a key support area.
Traders can use this reaction to plan precise long entries or confirm trend continuation.
Example – Bearish Order Block (OBR)
On the 5-minute USD/CAD chart, a bearish order block appears at 1.35720, marked in brown.
Price retests the zone, fails to break through, and reverses sharply downward, demonstrating how institutional sell zones can act as strong resistance levels.
⚙️ Indicator Settings Overview
Chart Theme: Choose Light, Dark, or Auto mode
️ Candles to Consider: Define how many past candles are analyzed
Trend Calculation Type: ZigZag or Candle-based detection
➡️ Arrows Display: Show/hide arrows for the first cycle
Order Block Display: Enable/disable visual order blocks
⚡ Order Block Mode: Choose between Normal or Aggressive modes
Invalid Block Rules: Set how previous blocks are replaced or extended
✨ Conclusion
The Order Block Refined (OBR) indicator is an essential Smart Money tool that helps traders visualize institutional footprints on price charts. By marking bullish (green) and bearish (brown) zones, it reveals where banks and large institutions place significant orders, offering powerful insights for strategic entries and exits.
Perfect for Forex, Indices, and Crypto traders who follow ICT and SMC methodologies — this tool transforms market structure into actionable intelligence.
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These order block zones act as high-probability reversal or continuation areas, providing traders with valuable insight into market structure, liquidity, and institutional behavior. By tracking these levels, traders can make smarter, more precise trading decisions based on actual order flow.
OBR Indicator Specifications
Categories: ICT MT4 | Smart Money MT4 | Supply & Demand MT4 | Currency Strength MT4
️ Platform: MetaTrader 4
Skill Level: Advanced
⚙️ Indicator Type: Leading | Reversal
⏱️ Timeframe: Multi-Timeframe
Trading Style: Day Trading | Intraday | Scalping
Markets: Forex | Indices | Crypto
Download: https://cdn.tradingfinder.com/file/558238/market-structure-and-orderblock-ict-mt4-by-tflab.zip
View attachment 34668
Indicator Overview
The OBR Indicator visually separates bullish and bearish order blocks directly on the chart:
- Bullish Order Blocks highlight areas of strong buying pressure.
- Bearish Order Blocks show zones of institutional selling interest.
This visual clarity allows traders to anticipate potential reversals or trend continuations with high accuracy, perfectly aligning with Smart Money trading strategies.
Example – Bullish Order Block (OBR)
On the 15-minute GER40 Index chart, the OBR indicator identifies a bullish order block at 18207.4, displayed in green.
When price revisits this zone, a sharp bullish reaction occurs — confirming the order block’s strength as a key support area.
Traders can use this reaction to plan precise long entries or confirm trend continuation.
Example – Bearish Order Block (OBR)
On the 5-minute USD/CAD chart, a bearish order block appears at 1.35720, marked in brown.
Price retests the zone, fails to break through, and reverses sharply downward, demonstrating how institutional sell zones can act as strong resistance levels.
⚙️ Indicator Settings Overview
Chart Theme: Choose Light, Dark, or Auto mode
️ Candles to Consider: Define how many past candles are analyzed
Trend Calculation Type: ZigZag or Candle-based detection
➡️ Arrows Display: Show/hide arrows for the first cycle
Order Block Display: Enable/disable visual order blocks
⚡ Order Block Mode: Choose between Normal or Aggressive modes
Invalid Block Rules: Set how previous blocks are replaced or extended
✨ Conclusion
The Order Block Refined (OBR) indicator is an essential Smart Money tool that helps traders visualize institutional footprints on price charts. By marking bullish (green) and bearish (brown) zones, it reveals where banks and large institutions place significant orders, offering powerful insights for strategic entries and exits.
Perfect for Forex, Indices, and Crypto traders who follow ICT and SMC methodologies — this tool transforms market structure into actionable intelligence.
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