Breaker Blocks + Order Blocks Indicator on TradingView - [TFlab]

The Breaker Block + Order Block (BBOB) Indicator identifies areas where Order Blocks and Breaker Blocks overlap, pinpointing potential price reaction zones. Within the ICT trading methodology, these overlapping areas serve as key support and resistance levels, guiding traders in making precise entry and exit decisions.
Order Blocks represent regions on the chart where institutional traders and high-volume market participants have placed significant buy or sell orders. These zones are crucial because the concentration of liquidity often triggers price reversals or temporary pauses in trends.

You can access the Indicator from this link:
https://tradingfinder.com/products/i...-blocks-alert/

You can access the Indicator on the TradingView website:
https://www.tradingview.com/script/D...er-BBOB-Alert/

Prop Firm DrawDown Protector : Prop Firm Capital Protection Expert MT5 |Forex Money Management: Forex Trade Management Expert MT5 | ICT Concepts Indicator MT5 |Smart Money Concepts Expert MT5 | Smart Money Trap Scanner |Get a free Expert Advisor license via Telegram and WhatsApp

BBOB Indicator Specifications

1. Indicator Categories:
   1. ICT TradingView Indicators
   2. Support & Resistance TradingView Indicators
   3. Liquidity TradingView Indicators

2. Platforms: TradingView Indicators
3. Skill Level: Advanced
4. Indicator Type: Reversal TradingView Indicators
5. Timeframes: Multi-Timeframe TradingView Indicators
6. Trading Style: Intraday TradingView Indicators
7. Applicable Markets:
   1. Forex
   2. Cryptocurrency
   3. Stocks
   4. Commodities

Overview of the Indicator

1. Demand Overlapping Blocks (Blue): Indicate areas with strong buying pressure, increasing the probability of upward price movement.
2. Supply Overlapping Blocks (Orange): Represent areas of strong selling pressure, signaling potential price declines.

By combining Order Blocks with Breaker Blocks, the BBOB Indicator highlights critical trading areas that help identify optimal entry and exit points.

Bullish Scenario Example
In the Crude Oil (WTI) price chart:

1. A Demand Overlapping Block forms, initiating a bullish trend.
2. Due to high liquidity and strong order flow, this zone acts as solid support.
3. Upon revisiting the zone, price absorbs available liquidity and continues upward momentum.

Bearish Scenario Example
In the GBP/USD currency pair chart:

1. A Supply Overlapping Block emerges, leading to initial liquidity collection from this zone.
2. Price then drops sharply, confirming the resistance role of the zone.
3. On the next retest, selling pressure weakens, but the zone remains a valid resistance level.

BBOB Indicator Settings
Key adjustable parameters include:

1. Pivot period for detecting order blocks
2. Validity period for order blocks (in candles)
3. Mitigation levels for OB, BB, and OLB
4. Color theme mode (light/dark)
5. Option to display all or specific demand/supply blocks
6. Defensive refinement for main and sub blocks
7. Alerts for overlapping Order Blocks and Breaker Blocks with custom messages and time zone display

Conclusion
The BBOB Indicator is an advanced ICT trading tool designed to automatically detect Order Blocks and Breaker Blocks across multiple timeframes. By analyzing overlapping supply and demand zones, it enables traders to identify high-probability market turning points and monitor price reactions with precision.