Order Block Refined Indicator for ICT in MT4 Download [Free] TFlab

The 🧭 Order Block Refined (OBR) in MT4 indicator is a powerful and innovative tool tailored for traders who use ICT and Smart Money (SMC) trading styles on the MetaTrader 4 (MT4) platform.
It automatically marks 🟩 bullish order blocks in green and 🟫 bearish order blocks in brown, helping traders easily spot key market zones where institutional orders are likely to influence price action.

Order block areas represent high-impact price zones—regions where banks or major financial institutions have placed significant orders. These levels often act as the starting point for trend reversals or continuations. The OBR indicator allows traders to analyze these price behaviors more accurately and make smarter, data-driven trading decisions.

📊 Order Block Indicator Overview

Indicator Categories:
💡 ICT MT4 Indicators
💰 Smart Money MT4 Indicators
📈 Supply & Demand MT4 Indicators
💱 Currency Strength MT4 Indicators

Platform: MetaTrader 4
Skill Level: Advanced
Indicator Types: Leading & Reversal
Timeframe: Multi-Timeframe
Trading Style: Day Trading | Intraday | Scalping
Markets: Indices | Cryptocurrency | Forex

⚡ Indicator at a Glance

The OBR Indicator visually highlights institutional trading zones — marking 🟩 bullish order blocks and 🟫 bearish order blocks directly on the chart.
By making these zones visible, traders can quickly assess areas of potential liquidity, momentum shifts, or smart money accumulation and distribution.
This indicator is especially useful for traders seeking high-value order block setups to refine their entry and exit timing.

🟩 Bullish Order Block Example

15-Minute GER40 Index Chart
On the 15-minute GER40 chart, the OBR indicator identifies a bullish order block at 18207.4, outlined in 🟩 green.
When the price revisits this area, it triggers a strong bullish reaction, confirming the institutional demand zone.
This response illustrates how the indicator can help traders align with Smart Money footprints and enter trades with more confidence.

🟫 Bearish Order Block Example

5-Minute USD/CAD Chart
In the USD/CAD 5-minute chart, a bearish order block is detected near 1.35720, shaded in 🟫 brown.
As the price returns to this key zone, it tests the area but fails to break through—followed by a sharp downward move.
This setup highlights a liquidity-based rejection where institutional sellers dominate, confirming the strength of the bearish order block.

⚙️ Refined Order Block Settings

• 🎨 Chart Theme: Light, Dark, or Auto

• 🕐 Candles to Analyze: Choose the number of candles used for detection

• 🔄 Trend Calculation: ZigZag or Candle mode

• 🧭 Cycle Arrows: Toggle first-cycle arrow visibility

• 🧱 Order Block Display: Turn on/off visual order blocks

• ⚡ Mode: Normal or Aggressive

• 🔁 Block Replacement: Replace old zones with new ones

• 🔒 Zone Completion: Keep zones active until new ones appear

🧠 Conclusion

The Order Block Refined (OBR) indicator is an essential tool for traders who want to spot institutional trading levels with precision.
By automatically identifying and coloring bullish (🟩) and bearish (🟫) order blocks, it reveals where Smart Money is active—allowing traders to anticipate moves and align their strategies with the true flow of the market. 🚀