Circuit Breaker Block and Order Block Indicator (BB+OB) for MT5 ICT Download - Free - MetaTrader 5 Resource

The Breaker Block + Order Block indicator (BB+OB) is specially designed for ICT style traders to identify key market areas. The indicator uses a proprietary algorithm to detect overlapping order blocks and circuit breaker blocks.

It displays them in bullish green and bearish brown areas on the chart of the MetaTrader 5 (MT5) platform. Traders can use this tool to more accurately identify market entry and exit points and optimize their trading strategies based on these powerful zones.

BB+OB indicator table

Identify Bullish Breakout Blocks and Order Block Overlaps

In the 15-minute EUR/JPY chart below, the BB + OB indicator accurately identifies bullish order blocks and circuit breaker blocks, showing the overlapping areas in green. When prices returned to this key area, the market reacted quickly and resumed the uptrend.

The rapid price reaction to the areas identified by these indicators highlights the importance of this tool for accurate price movement predictions and improved trading decisions.

Identify bearish breakout blocks and order block overlaps

The 4-hour USD/JPY chart below shows that price is forming lower lows in a downtrend. The BB+OB indicator identifies order blocks and breakout blocks in downtrends, showing overlapping areas in brown.

Traders can observe these areas to identify potential price reactions and make better trading decisions. This indicator is a valuable tool for deeper market analysis.

Indicator Settings

Display Setting: Indicator light display settings

• Color theme for charts and objects: Select a color theme.

General Setting: General settings of the indicator

• Look Back Candles: Select the number of candles to calculate past data.
• Show Start Line: Choose whether to show or hide the starting calculation line.
• Hide Intersection: Choose whether to show or hide overlapping order blocks.

Level1 Setting: Level 1 setting of the indicator

• Level1 trend calculation type: Select the type of trend line calculation (dashed line).
• Level1 Trend Show: Select whether to display or hide the level 1 trend line.

Level2 Setting: Level 2 setting of the indicator

• Level2 Trend Show: Select whether to display or hide the level 2 trend line.

OB Setting: Indicator’s order block settings

• Level1 OB Mode: Select the calculation mode for level 1 order blocks: normal, offensive or defensive.
• Level1 OB Show: Select whether to show or hide the level 1 order block.

BB Setting: Indicator’s circuit breaker block setting

• Level1 BB Mode: Select the calculation mode for Level 1 circuit breaker blocks: Normal, Offensive or Defensive.
• Level1 BB Show: Select whether to show or hide the Level 2 circuit breaker block.

BBOB Setting: Indicator’s Order Block + Circuit Breaker Block Settings

• Level1 BBOB Show: Select whether to show or hide the combined order block + circuit breaker block.

Conclusion

The BB + OB indicator is a practical and effective tool for traders to identify order and breakout block overlaps. This MT5 ICT indicator shows overlapping areas and independently identifies and displays Order Blocks and Breaker Blocks on the chart.

This feature enables traders to make more accurate decisions and develop strategies based on more precise data. Using this indicator can improve trading performance and increase the accuracy of market analysis.