Summary of 🚀Breaker Blocks + Order Blocks Indicator on TradingView - 📥Download - Free [TradingFinder]

The video tutorial explains the use and customization of the "Breaker Blocks + Order Blocks ICT Indicator" available on TradingView via the TradingFinder website. This indicator helps traders identify key price levels through Broker Blocks, Order Blocks, and Overlapping Blocks to anticipate potential price reactions and market trends.

Main Financial Strategies and Market Analyses:

Identification of Broker Blocks and Order Blocks: The indicator highlights bearish and bullish Broker Blocks and Order Blocks, which are price zones where supply and demand imbalances occur, potentially signaling reversals or continuations.
Overlapping Blocks: When an order block overlaps with a broker block, it creates a strong area of interest where price reactions are more likely.
Trend Analysis: Adjustable pivot periods allow traders to analyze short-term versus long-term trends by changing sensitivity to price movements.
Mitigation and Settlement Status: The indicator distinguishes between mitigated (partially consumed) and settled (fully consumed) Order Blocks, helping traders understand the strength and validity of these zones.
Risk Management: The indicator offers defensive (risk-averse) and aggressive (risk-tolerant) modes for demand block refinement, allowing traders to tailor the indicator to their risk profile.

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

Access and Setup:
- Search for the indicator by name in TradingView’s indicator section.
- Add it to favorites for quicker access.
Drawing and Identification:
- The indicator automatically draws broker block ranges (main and minor) and Order Blocks on the chart.
- It highlights overlapping areas between bearish Broker Blocks and Order Blocks.
Settings Adjustments:
- Adjust Pivot Period (default 9) to switch between short-term and long-term trend analysis.
- Set order block limit duration (default 500 candles).
- Choose the status of mitigation or settlement for Order Blocks, Broker Blocks, and Overlapping Blocks with options:
  - Proximal (closest to price),
  - 50% (midpoint),
  - Distal (furthest from price).
Visual Customization:
- Select chart theme (light or dark) to match the TradingView chart.
- Enable or disable the display of all or only the most recent Order Blocks.
- Toggle visibility and color of overlapping supply blocks, main/secondary demand Order Blocks, and asset Broker Blocks.
- Toggle horizontal order block display and broker block visibility.
Demand Block Refinement:
- Choose between defensive (risk-averse) and aggressive (risk-tolerant) modes.
- Enable refined demand sub-status and asset subcategories.
Alerts Configuration:
- Set alert status (active/inactive) and naming for main and secondary asset blocks.
- Choose alert delivery method:
  - All (alerts on all conditions),
  - Once per bar (alerts during price movement),
  - Per bar close (alerts at candle close).
- Set alert time zone based on UTC and confirm settings.

Business Trend:

The video highlights the growing trend of using advanced order flow and block analysis indicators in retail trading to better anticipate price movements and improve risk management.

Presenters / Source:

The tutorial is presented by TradingFinder, the platform offering the indicator and guidance on its use.

This summary captures the main features, strategies, and customization options of the Breaker Blocks + Order Blocks ICT Indicator as explained in the video.

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