Reclaimed Order Block ICT MT4 Indicator [SM LQ] TFlab

The Reclaimed Order Block ICT Indicator for MetaTrader 4 identifies institutional liquidity zones where price breaks structure and later returns for potential reversals. Based on ICT Smart Money Concepts, it detects key order blocks (support/resistance zones) that often lead to high-probability trade setups.

You can download it from this link:
https://cdn.tradingfinder.com/file/2...4-by-tflab.zip

You can also access the MetaTrader 5 version of this indicator through this page:
https://www.metalsmine.com/thread/13...ndicator-sm-lq

For instructions on how to install:
https://www.forexfactory.com/thread/...-in-metatrader



Key Features

1. CategoryICT - Smart Money - Liquidity
2. PlatformMetaTrader 4
3. Skill LevelAdvanced (ICT Knowledge Required)
4. Signal TypeReversal & Breakout
5. TimeframeM15 - H4 (Multi-Timeframe)
6. Best ForForex, Gold (XAU/USD), Commodities
7. Trading StyleDay Trading, Swing Trading

Trading Signals Explained
Bullish Reclaimed Order Block (Buy Signal)

1. Setup:
   1. Price breaks bearish structure, then retests the order block
   2. Forms 2 or 5 consecutive bullish pivots (confirmed demand zone)

   
   

2. Confirmation:
   1. Red arrow appears at the pivot low
   2. Often coincides with liquidity grab below the zone

   
   

3. Example:
   1. XAU/USD (1H Chart) – Price reclaims order block after initial break, signaling long entry.

   
   

Bearish Reclaimed Order Block (Sell Signal)

 

1. Setup:
   1. Price breaks bullish structure, then retests the order block
   2. Forms 2 or 5 consecutive bearish pivots (confirmed supply zone)

   
   

2. Confirmation:
   1. Red arrow marks the rejection
   2. Often aligns with liquidity sweep above the zone

   
   

3. Example:
   1. AUD/NZD (15M Chart) – Price returns to a reclaimed order block, signaling short entry.

   
   

Optimal Settings

1. Strategy Selection

1. 3-Point Strategy (Conservative):
   1. Requires 3 consecutive pivots for confirmation (fewer false signals).

   
   

2. 5-Point Strategy (Aggressive):
   1. Faster signals but higher risk (best for trending markets).

   
   

2. Visual Customization

1. Buy Side Curve: Highlights bullish order blocks (demand zones).
2. Sell Side Curve: Marks bearish order blocks (supply zones).
3. Opposite Color: Enhances visibility of rejection candles.

3. Sensitivity Adjustment

1. Bar Count: Set to 5-20 candles for optimal block detection.

Pro Trading Strategies
1. London/NY Session Liquidity Plays

1. Trade order blocks formed during session opens (08:00 GMT / 13:00 GMT).
2. Confirm with volume spikes or FVG (Fair Value Gap).

2. Multi-Timeframe Confluence

1. H1 Order Block + M15 Retest = High-probability entry.
2. Works exceptionally well in Gold (XAU/USD) & Major Forex Pairs.

3. Liquidity Sweep Confirmation

1. Wait for stop hunts (liquidity grabs) before entering.

Critical Notes

1. Avoid Choppy Markets: Works best in trending conditions.
2. Use Stop-Losses: False breaks can occur.
3. Combine with ICT Concepts: FVG, Market Structure Shifts, Kill Zones.

Why Traders Use This Indicator
Identifies Institutional Liquidity Zones
Clear Visual Arrows for Entries
Works on All Markets (Forex, Gold, Indices, Crypto)
Perfect for ICT-Based Trading Strategies
This indicator transforms complex order flow analysis into simple, actionable zones, giving retail traders institutional-level insights. For best results, backtest on M15-H1 timeframes before live trading.