The ? Order Block Refined (OBR) in MT4 indicator is an advanced and precise tool for traders following the ICT and Smart Money (SMC) trading approaches, built for the MetaTrader 4 (MT4) platform. It automatically detects bullish order blocks in ? green and bearish order blocks in ? brown — guiding traders to the most influential price zones on the chart. These order block zones represent areas where institutional orders are concentrated, often leading to strong price reversals or trend shifts. With the OBR indicator, traders gain deeper insight into price reactions, enabling more accurate analysis and smarter decision-making. ? Order Block Indicator Table Indicator Categories: ? ICT MT4 Indicators ? Smart Money MT4 Indicators ? Supply Demand MT4 Indicators ? Currency Strength MT4 Indicators Platform: ? MetaTrader 4 Trading Skill Level: ?? Advanced Indicator Type: ? Leading Indicator ? Reversal Indicator Timeframe: ? Multi-Timeframe Trading Style: ? Day Trading ? Intraday ? Scalping Markets: ? Indices ? Crypto ? Forex ? Indicator at a Glance The Order Block Refined Indicator clearly marks bullish order blocks in ? green and bearish order blocks in ? brown, helping traders visually identify critical price zones. It’s an excellent companion for analysts who want to track institutional footprints and enhance their price action precision using order block dynamics. ? Bullish Order Block (OBR) ? Example: 15-Minute GER40 Chart On the GER40 Index (15M), OBR identifies a bullish order block at 18207.4, displaying it in ? green. After the price revisits this zone, a sharp upward reaction confirms the area as a strong institutional demand level. Traders can use this signal to time their long entries more effectively and align with the next bullish impulse. ? Bearish Order Block (OBR) ? Example: 5-Minute USD/CAD Chart On the USD/CAD (5M) chart, the OBR detects a bearish order block at 1.35720, marked in ? brown. When the price returns to test this zone, it fails to break higher and then reverses sharply — a clear sign of institutional selling pressure. This confirms the area as a high-probability short entry zone. ?? Refined Order Block (OBR) Settings ? Display Theme: Choose from Light, Dark, or Auto chart styles. ? Candles to Consider: Set the number of past candles for detection. ? Trend Calculation Type: Select ZigZag or Candle-based analysis. ? First Cycle Arrows: Toggle display of cycle-start arrows. ? Show Order Blocks: Enable or disable block display. ? Order Block Mode: Choose Normal or Aggressive detection mode. ? Invalidate by New Block: Replace or retain previous zones. ? Invalidate by Close Beyond: Extend or end zones dynamically. ? Conclusion The Order Block Refined (OBR) indicator is a must-have SMC tool for traders aiming to identify institutional trading footprints. By visually marking bullish (? green) and bearish (? brown) zones, it helps traders spot key decision areas where banks and institutions execute major orders — empowering you to trade with the smart money, not against it.