Summary of 🔥 Breaker Blocks + Order Blocks Indicator on TradingView - Free - [TradingFinder]

The video presents a detailed tutorial on the Order Blocks and Breaker Blocks Indicator available for free on TradingView via the TradingFinder website. This indicator is designed to help traders, especially those using ICTT (Inner Circle Trader Theory) style strategies, identify high-potential and high-liquidity order block and breaker block ranges on price charts.

Main Financial Strategies and Business Trends:

Order Blocks and Breaker Blocks Identification: The indicator automatically detects and draws bullish and bearish order blocks and breaker blocks on charts, which are crucial for understanding market supply and demand zones.
Mitigation Levels: Traders can analyze different mitigation stages of these blocks (proximal, 50%, distal) to gauge the strength and validity of price levels.
Risk Management Modes: The indicator offers defensive (low risk) and aggressive (high risk) modes, allowing traders to tailor their strategies according to risk tolerance.
Alerts System: Users can set alerts for the consumption or mitigation of order blocks and breaker blocks, enabling timely decision-making.

Methodology / Step-by-Step Guide to Using the Indicator:

Accessing the Indicator:
- Search for the indicator on TradingView or TradingFinder website.
- Add it to favorites for quick access.
- Apply it to the chart.
Configuring Settings:
- Pivot Period: Set the Pivot Period to define the timeframe for order blocks (default is 1; increase for longer-term trends, decrease for shorter-term).
- Order Block Range Validity: Adjust the number of candles (default 500) to determine how long order blocks remain valid.
- Mitigation Status: Choose between proximal (closest), 50% (midpoint), or distal (farthest) levels for both order blocks and breaker blocks to identify when a block is considered mitigated or consumed.
- Theme Mode: Select light, dark, or off to match chart theme preferences.
- Visibility Toggles: Enable or disable visibility of main and secondary demand and supply order blocks and breaker blocks, and choose colors for each.
- Risk Modes: Select defensive (for risk-averse traders) or aggressive (for risk-takers) to display appropriate ranges.
- Refined Secondary Demand and Supply Ranges: Toggle these on or off to refine the analysis.
- Auto Range Drawing: Enable or disable automatic drawing of ranges.
Alerts Setup:
- Enable alerts for consumption/mitigation of order blocks and breaker blocks on demand and supply sides.
- Choose alert types: all conditions, once per bar (while price flows), or per bar close.
- Set the UTC time zone for accurate alert timing.
- Confirm settings to activate alerts.

Summary:

This indicator provides a comprehensive tool for traders to identify key market zones through order blocks and breaker blocks, customize visibility and risk parameters, and receive timely alerts for trading opportunities. It supports both conservative and aggressive trading styles, making it versatile for various trader preferences.

Presenters / Sources:

The tutorial is presented by TradingFinder, the developers of the indicator, with instructions provided through the TradingView platform interface.

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