Implied Orderblock Breaker

The Implied Orderblock Breaker by Zeiierman is a sophisticated trading tool designed to identify enhanced order blocks within the market, emphasizing areas where rapid price movements occur. These enhanced order blocks indicate significant zones of buying or selling activity, often leading to notable market structure breaks.

How the Implied Orderblock Breaker Works

This indicator identifies key pivot points in the market:

• Bullish Signals: A crossover occurs when the closing price of a bar crosses above a pivot high. If a new low within the same period as the pivot high is detected, it suggests a temporary pullback before a bullish movement, indicating an area of potential price imbalance.
• Bearish Signals: A crossunder happens when the closing price of a bar crosses below a pivot low. If a new high within the same period as the pivot low is observed, it suggests a temporary rally before a bearish movement, marking a potential price imbalance area.

Usage of the Implied Orderblock Breaker

Traders can use this indicator to:

• Identify Reversal Points: The indicator highlights areas where a swift price movement away from an order block occurs, suggesting potential price corrections.
• Analyze Market Structure: By identifying enhanced order blocks, traders can anticipate market revisits to these imbalances, providing strategic entry or exit points.
• Combine with Other Indicators: The effectiveness of the Implied Orderblock Breaker increases when used in conjunction with other market context tools and indicators, offering more robust confluence signals.

Features of the Implied Orderblock Breaker

Key features include:

• Period Setting: Determines the number of bars used to identify pivot highs and lows, allowing customization of the indicator’s sensitivity.
• Pivot Surrounding Setting: Defines the number of candles analyzed around a pivot point to capture more significant market setups.
• Visualization Options: Enhances the ability to see key market levels and potential reversal zones clearly on the chart.

Conclusion

The Implied Orderblock Breaker by Zeiierman is a powerful tool for traders seeking to identify critical market levels and potential price imbalances. By focusing on rapid price movements and market structure breaks, it helps traders make more informed decisions and strategically manage their trades.