Buy Sell Pressure with Order Block draws a box on MT5 where three candles in a row were
pushed through the same level and refused. It draws very little else, and that is the
whole design.
Five things have to line up
A box appears only when all of these are true at once:
- Three consecutive candles poke below the body-low of the three before them — or
above the body-high, for the bearish side. - All three open back inside that level. They were pushed out and came back.
- The depth of the excursion is larger than 0.7 × ATR. A shallow poke doesn't count.
- RSI was past its threshold on at least one of those three bars: under 40 for a
bullish box, over 60 for a bearish one. - The last of the three closes in the right direction — bullish candle for a green
box, bearish for a red one.
Miss any one and nothing is drawn. On H1 gold you can go a week without a box. That's not
the indicator failing; it's the filter doing what it was built for.
What the box actually spans
The box runs from the body cluster's edge out to the deepest wick, and extends 16 bars to
the right. So its height is the rejection itself — the distance price travelled beyond
the level and gave back.
Two things worth knowing about how it's drawn:
- The box is filled and sits in front of the candles. You can't read the price action
inside it. That's deliberate — the box is the point, not the candles it covers — but it
surprises people the first time. - It never expires. Every box the indicator has ever found stays on the chart. On a
long history that adds up, and there is no "show last N" setting.
About the alert wording
The green box sends "SV wick sell pressure!" and the red one sends "SV wick buy
pressure!", which looks backwards until you see what it's naming.
It names the pressure the wicks came from, not the direction to trade. A green box is
built from three candles that sellers drove down and could not hold — so the pressure on
display is selling pressure, and it failed. The colour tells you the direction; the words
tell you who lost.
Notifications go to popup, email, push or Telegram. The default is push to the MetaTrader
app, so it reaches your phone unless you change it.
Settings I'd start with
ATR Multiplier at 0.7 is the dial that matters. Raise it and you get fewer, deeper
rejections; drop it to 0.5 on a quiet pair if a week goes by with nothing.
The RSI thresholds at 40 and 60 are deliberately loose — they only have to be touched
once across the three bars, so they act as a context filter rather than a trigger.
Box Length at 16 is cosmetic. It changes how far the box reaches, not how it's found.
Repainting, honestly
The whole calculation is skipped unless a new bar has opened, and the loop stops one bar
short of the live one. A box is created from three candles that have all closed, and once
drawn it never moves.
What it doesn't do
- MT5 only. There is no MT4 build of this one.
- No indicator buffers. Chart objects only, so an EA can't read it with
iCustom. - No arrows, entries or stops. It marks a zone; what you do there is yours.
- No limit on how many boxes accumulate.
- Nothing to see inside a box — the fill covers the candles.
What changed in 1.01
Two things, and the second one is the reason there hasn't been an update in a while.
Every historical box sent a notification on attach. The alert call had no
prev_calculated guard, so the first calculation — which walks the entire chart history —
fired one message per box it found along the way. With the default notification type
being a push to your phone, attaching the indicator to a chart emptied that chart's whole
history into it. Alerts now fire only for boxes found after the indicator is running.
The source no longer compiled. The shared notification helper changed signature at
some point, dropping a price argument, and this indicator still passed one — so the
.mq5 could not be rebuilt at all, and what was shipping had been compiled against the
older library. The call has been brought up to date.
Questions you'll have
Does Buy Sell Pressure with Order Block repaint? No. Boxes are built from three closed
candles on a new-bar-only calculation, and never move once drawn.
Why haven't I seen a box in days? Five conditions have to line up at once. On higher
timeframes that's genuinely rare. Lower the ATR multiplier if you want more.
Why does a green box say "sell pressure"? It names the pressure that made the wicks,
not the trade direction. Sellers pushed price down three bars running and failed to hold
it; the green tells you which way that resolved.
MT4? MT5 only.
Can I hide the box fill so I can see the candles? Not from the inputs. The box is
drawn filled and in front.
Why did my phone light up when I attached it? That was the 1.01 bug — every past box
alerted on first load. Update and it stops.
How far back does it draw? As far as the chart has history. There's no lookback limit
and no cap on the number of boxes.
The MT5 build is included with a subscription. This listing makes no profitability claim:
the indicator marks where price was refused three times, and nothing about a refusal says
what happens next. You won't find a win rate table here, and I'd be careful with any
indicator listing that has one.