Order Block Indicator TradingView Review
Are you interested in finding out more about ForexBee's Order Block Indicator TradingView tool and does it really show accurately institutional demand and supply zones and order blocks to help you greatly increase the accuracy of your trade entries and exits? If you are thinking about using this tool, you likely already know about the importance of institutional order blocks and how important they are to a financial trader's success. Basically, this information provides price information that indicate where banks and financial institutions are collecting orders.
By using this indicator, traders are able to great enhance their reward-to-risk ratios of their trades by trading in-flow with the big and smart money. This money largely drives the biggest financial markets such as Forex, which is why traders who start following Order Blocks find their trading experiences much more smooth-sailing once they start trading with this knowledge. This information is exactly what the Order Block Indicator TradingView by ForexBee provides to users to greatly enhance the timing of their trade entries and exits.
How Can The Order Block Indicator TradingView Help You With Your Trading?
A trader who understands order block pattern in the financial markets will understand the natural phenomenon that the markets go through. This typically refers to the calm/silence periods followed by the storm which is then followed by another period of calm, like what is described in the following chart:
Large price movements typically are driven by market makers who have decided on their direction and then sell or buy the specific asset. Due to their massive volume of orders, their activity typically drive large price moves in the markets within a short period of time. This is where the top professional traders who know how to trade alongside the big money is able to capture these trends and earn profits for themselves from the price moves.
A sample of the ForexBee's Order Block Indicator TradingView's visual aid can be seen in the illustration above. Even though this is also not a 100% win-rate indicator, just like every other legitimate trading indicator, using it has been shown to greatly enhance confidence in finding winning trades. When traded in confluence with other technical setups, this indicator becomes a very powerful tool to add to any profitable professional trader's arsenal of trading analytics tools...