- September 6, 2023
- Posted by: Forex Wiki Team
- Category: Free Forex Indicators
Unmitigated Order Blocks Review
Forex trading, with its immense liquidity, offers traders an incredible opportunity to harness the power of market movements. One such way is by understanding and exploiting the nuances of Unmitigated Order Blocks. The "Unmitigated Order Blocks" indicator is a revolutionary tool designed to help traders decipher these complex market patterns, and we’re about to delve deep into its features and applications.
Understanding Price Mitigation: The Bedrock of Order Blocks
Before we dive into the specifics of the indicator, it's essential to grasp the concept of price mitigation. In simple terms, it is the process where 'smart money' or institutional investors trace back to offset buy/sell orders that run counter to their existing trend. By doing so, they continue to align with the direction of the institutional order flow.
In the context of a bullish trend, for instance, prices may revert to an unmitigated order block. The purpose? To offset sell trades placed during bearish retractions and to secure better buying prices. The scenario flips in the case of a bearish trend.
Best Brokers List
Unmitigated Order Blocks work with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
Unmitigated Order Blocks Settings:
Spotting the Strongest Order Blocks
Key traits of potent order blocks include:
- Liquidity Preference: They prioritize liquidity by executing a stop hunt first.
- Aggressive Price Movement: Once in place, these blocks drive the price away with notable force.
- Market Imbalance Creation: Due to the large volume involved in these movements, a conspicuous market imbalance, often referred to as an FVG, forms.
When prices revisit an order block, they typically react either at the commencement or around the 50% point of the candle.Free
The Power of the Unmitigated Order Blocks Indicator
The Unmitigated Order Blocks indicator is not just another addition to a trader’s toolkit; it's a game-changer. Its precision in pinpointing unmitigated order blocks that haven't been offset promises the significant potential for determining trade entry points.
Noteworthy Features Include:
- Display adaptability for both bullish and bearish Unmitigated order blocks across all timeframes.
- Flexibility to showcase only bullish or bearish blocks.
- Highlight the choice between the order block's candle alone or the candle coupled with its wicks.
- A variable strength parameter for the unmitigated order block.
- Customizable look-back periods and lengths for the order block highlight box.
- Intuitive color coding for easy visualization.
- Comprehensive alert settings including Popup, Push, and Email.
Additional Insights and Recommendations:
- Wicks and Their Relevance: Contrary to some beliefs, wicks play a pivotal role. They are excluded when navigating outside of an unmitigated order block box but are instrumental for candles interacting with a highlighted order block.
- Strength in Numbers: The difference between 1-candle and 2-candle unmitigated order blocks is significant. If price diverts from the order block within the span of the first candle, it epitomizes the most potent unmitigated order block. Whereas, if the diversion occurs by the second candle, it’s deemed a weaker block. For optimal results, it's not advisable to configure settings higher than 2.
Unmitigated Order Blocks Signals
Conclusion
The realm of Forex trading is replete with complex strategies and tools. Yet, the Unmitigated Order Blocks indicator stands out, promising a deeper insight into market movements and potentially better-informed trading decisions. By understanding price mitigation and harnessing the power of this innovative indicator, traders can anticipate market movements more accurately, positioning themselves for greater success in the ever-fluctuating world of Forex.
Download Unmitigated Order Blocks
Please try for at least a week an XM demo account. Also, familiarize yourself with and understand how this free forex Tool works before using it on a live account.
Disclaimer: All trading involves risks. It's essential to do your own research and consider seeking advice from a licensed financial advisor before making any trading decisions.
