Order Block Refined (OBR) Indicator for ICT and similar items

The Refined Order Block (OBR) Indicator in MT5 is a specialized tool for traders using ICT and Smart Money Concept (SMC) strategies on MetaTrader 5 (MT5). It highlights bullish order blocks ? and bearish order blocks ?, showing critical price zones where reversals or strong moves are likely. These zones often contain large institutional and bank orders, and when price reaches them, significant market reactions can occur. The OBR indicator helps traders identify these zones quickly, improving entry, exit, and overall trading precision. ?? OBR Indicator Specifications Categories: ? Smart Money MT5 Indicators ? Supply Demand MT5 Indicators ? Currency Strength MT5 Indicators ? ICT MT5 Indicators Platform: MetaTrader 5 Skill Level: Elementary Indicator Type: Leading / Reversal Timeframe: Multi-Timeframe Trading Style: Intraday | Scalping | Day Trading Markets: Forex | Crypto | Indices ? Indicator Overview The OBR Indicator plots bullish order blocks ? and bearish order blocks ? directly on the chart, making high-value zones easy to spot. It is ideal for ICT-style traders who need to analyze price behavior and make informed decisions quickly. ? Bullish Order Block Example Daily XAUUSD (Gold) Chart Bullish order blocks appear as green rectangles, marking key zones of institutional buy orders. When price revisits these levels, strong upward moves often follow, helping traders identify optimal buy entries. ? Bearish Order Block Example 1-Hour USD/CHF Chart Bearish order blocks are shown in brown, highlighting zones with significant sell orders. Price reactions in these areas can be sharp, often triggering quick reversals, giving traders opportunities for precise sell entries. ?? Settings Overview Display Options: ? Chart theme: Light, Dark, or Auto General Options: ?? Candles to consider: Number of past bars for calculation ? Trend calculation: ZigZag or Candle-based ?? First cycle arrows: Enable/disable ? Show Order Blocks: On/off ? Order Block Mode: Normal | Aggressive | Invalid by new one ? Invalid Order Block by close beyond: Complete zone until a new one appears ? Conclusion The Refined Order Block (OBR) Indicator is a powerful tool for ICT and Smart Money traders, highlighting key bullish ? and bearish ? order blocks. By marking zones of institutional activity, it helps traders predict potential reversals and price accelerations, enabling more confident and precise trading decisions. ?