Proxy OrderFlow MT5
- 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: 2.10
- 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.
