This indicator you are about to download draws order blocks for you and labels them for you. It works on all time frames. Order block is a market phenomenon that shows that financial institutions and banks are collecting orders. The FX market is driven by major financial institutions and central banks. As a result, traders must be aware of their actions in the market. When the market creates an order block, it moves in a range where the majority of investment decisions are made.
Once the order buildup is completed, the market makes a sudden move to the upside and downsize. The order block trading strategy’s essential word is that it encompasses what institutional traders are doing. Institutional trading is a crucial price driver, thus any strategy that involves it may be risky.