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

The 📊 Order Block Refined (OBR) indicator is an advanced trading tool built for ICT and Smart Money (SMC) traders on the MetaTrader 4 (MT4) platform.
It automatically detects and highlights 🟩 bullish order blocks in green and 🟫 bearish order blocks in brown, allowing traders to easily identify key institutional price zones and potential reversal areas.

Order blocks are powerful levels where large institutional orders are placed, often signaling zones of strong buying or selling interest. Recognizing these areas helps traders anticipate trend reversals, breakouts, and continuation patterns with higher accuracy.

⚙️ 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 Type: Leading & Reversal
Timeframe: Multi-Timeframe
Trading Style: Day Trading | Scalping | Intraday
Markets: Forex | Indices | Cryptocurrencies

🔍 Indicator at a Glance

The OBR Indicator visually displays institutional order blocks on the chart, marking bullish zones 🟩 and bearish zones 🟫.
These highlighted regions show where smart money has entered the market, helping traders refine their entries and exits based on real liquidity structures.
It’s ideal for traders focused on Smart Money Concepts (SMC) and precision-based technical setups.

🟩 Bullish Order Block Example

15-Minute GER40 Chart
In the GER40 15-minute chart, the OBR indicator detects a bullish order block around 18207.4, displayed in 🟩 green.
When price revisits this zone, it reacts sharply upward, confirming the strength of the institutional demand area.
Such reactions demonstrate how traders can use OBR to identify high-probability reversal zones and align trades with institutional footprints.

🟫 Bearish Order Block Example

5-Minute USD/CAD Chart
In the USD/CAD 5-minute timeframe, the OBR marks a bearish order block near 1.35720, shaded 🟫 brown.
Upon retesting, the price rejects this zone and moves sharply downward—indicating strong selling pressure and institutional activity.
This highlights how the indicator can help traders spot liquidity-based reversals and improve trade timing.

⚙️ Refined OBR Settings

🎨 Theme Options: Light / Dark / Auto

📅 Candles to Consider: Number of candles for order block detection

🔄 Trend Type: ZigZag or Candle-based calculation

🎯 Cycle Arrows: Show/hide first-cycle arrows

🧱 Display Blocks: Enable/disable visual order blocks

⚡ Mode: Normal or Aggressive

🔁 Zone Updates: Replace or extend existing blocks

🔒 Close Beyond: Keep zones until a new one forms

💡 Conclusion

The Order Block Refined (OBR) indicator is a must-have for traders looking to master institutional trading behavior.
By clearly marking bullish 🟩 and bearish 🟫 zones, it helps uncover where banks and smart money are placing their orders — empowering traders to make more confident, data-driven trading decisions. 🚀