Subject: Introduction and Experience with the King Order Block Indicator
Hello my pal,
I’m Daniel Miller, a member of the Trading Team at ninZa.co. First, I’d like to thank you all for your question and for giving me the opportunity to share my experiences.
Now, I’ll introduce the King Order Block indicator and share my personal trading experience using it.
1. What is the King Order Block Indicator?
The King Order Block indicator is designed to help traders identify order block zones on the KingRenko$ chart. It provides highly accurate reversal signals by combining key factors such as Imbalance Zones, Break of Structure (BoS), Change of Character (CHoCH), and Swing Points. This makes it easier to make effective trading decisions.
2. It is recommended to use KingRenko$ because it works well with the following ratios:
NQ: 12/4, 8/4
ES: 10/2, 9/3
YM: 10/3, 8/4
Please note: Avoid using ratios that are too large, as this may reduce accuracy.
3.High Risk/Reward Ratio:
Because the indicator helps identify highly reliable entry points at trend reversals, and the stop-loss point is placed below the Order Block, the profit target is usually higher than the stop-loss point.
4. The King Order Block indicator also helps us recognize when the Order block is Break signal or it is weak and unreliable to enter orders.
5.Parameters here are my settings you can refer to:
Please note: This is not the “best” setting, but it suits my personal trading style. You should experiment and adjust the settings to best suit your trading style.
Below is a detailed trading guide video for this strategy:
If you have any questions, feel free to leave them in the comment section below.
We would be honored to hear your feedback. 🏆
