Proxy OrderFlow MT4
- Indicators
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Vincent Jose Proenca
I’ve been a trader for over ten years, mainly specializing in CFDs. What I love about trading is the logic, the discipline, and the process of creating tools that simplify decision-making. Since I couldn’t find indicators that fit my approach, I started coding them myself, first out of necessity - Version: 2.40
- Updated: 18 October 2025
- Activations: 5
Indicator based on tick-spread imbalance.
TF:
Works on all timeframes (M1 to D1).
Pair:
Compatible with Forex, indices, gold, and CFDs (auto-adjustment for JPY pairs, Gold, CFDs).
Settings:
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TickWindow (200) – tick observation window
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SpreadWeight (1.5) – spread weighting factor
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NormalizationPeriod (20) – normalization period (z-score)
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Overbought / Oversold (±3.0) – alert thresholds
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AlertCooldown (300s) – alert cooldown period
Conclusion:
The Proxy Order Flow – Imbalance Tick-Spread v2.4 detects buying and selling pressure using OHLC variations and spread analysis, providing a clear view of directional flow and market imbalance zones.

Proxy OrderFlow MT4 brings order flow–style insight to MT4 by showing buy and sell pressure through tick data.
It’s a lightweight, clever tool that helps traders get a feel for market flow and gives earlier signals near key support and resistance levels.
Most “unique” indicators are just TradingView ports, but this one stands out.
The author codes his own tools and builds creative, well-designed indicators like Iceberg and Bubbles.
Achieving this kind of functionality on MT4 is tough, making his work genuinely impressive.