OFX StrengthMeter
- Indicators
-
Malik Muhammad Naveed
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ABOUT THE SELLER / AUTHOR (for MQL5 profile & products)
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SHORT VERSION (profile "About me" / signature) - Version: 1.0
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OFX STRENGTH METER - MQL5 MARKET PRODUCT DESCRIPTION
(formatting notes: **bold** = editor Bold button;
lines starting with "•" = bullet-list button;
UPPERCASE lines = section headings)
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SHORT TITLE (product name field):
OFX Strength Meter - Real-Time Buy/Sell Strength for XAUUSD (Gold)
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OVERVIEW
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**OFX Strength Meter** is a clean, real-time gauge of who is winning the market right
now - **buyers or sellers**. A simple on-chart panel shows a live **BUY %** and
**SELL %** with clear bars and a plain-English "who is in control" read, updating on
every tick.
No clutter, no lag - just an instant read of pressure. Built for **XAUUSD (Gold)**,
works on any symbol and timeframe.
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WHAT IT DOES
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• **BUY % bar (green)** and **SELL % bar (red)** - the live balance of pressure.
• **"Buyers in control" / "Sellers in control" / "Balanced"** - a one-line verdict.
• **Updates every tick** - the bars move with the market in real time.
• **Transparent maths** - strength blends where price sits in the recent range with
short-term momentum, so it is responsive but not noisy.
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KEY ADVANTAGES
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• **Instant read** - one glance tells you who is winning.
• **Simple and clean** - no arrows, no clutter, just the strength.
• **Confirmation tool** - take entries in the direction of strength; avoid fading it.
• **Any market** - gold, FX, indices, crypto; any timeframe.
• **Lightweight** - a tidy panel that sits out of the way.
• **Part of the OFX OrderFlow suite** - pairs perfectly with the liquidity, order-flow
and ICT tools.
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HOW TO USE
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1. Attach OFX Strength Meter to any chart.
2. Read the panel: green BUY bar longer = buyers in control; red SELL bar longer =
sellers.
3. Trade with the stronger side, and use the rest of the OFX suite for levels and
timing.
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INPUTS / PARAMETERS
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• **InpMeterBars** - bars used for the strength read; smaller = faster/twitchier,
larger = smoother (default: 50)
• **InpMeterX** - panel X position from the left (default: 12)
• **InpMeterY** - panel Y position from the top (default: 30)
• **InpPrefix** - object-name prefix (default: OFXSM_)
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NOTE
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The meter is a momentum/pressure read of the current chart - it shows WHO is in
control, not a guaranteed direction. Pair it with your levels and plan. Trading
involves risk.
