FX Order Flow MT5
- Indicatori
- Carl Gustav Johan Ekstrom
- Versione: 1.0
- Attivazioni: 5
This powerful tool is engineered to transform the way traders analyze currency strength. Built for every experience level, it offers clear, actionable guidance on what to trade and in which direction. Its versatility extends across all currency-related symbols, including gold (XAU/USD), silver (XAG/USD), and bitcoin (BTC/USD). By delivering deep, data-driven insights, it empowers traders to make smarter, more confident decisions.
Whether you're a beginner or a seasoned professional, this indicator equips you with the clarity and confidence to navigate the currency market effectively.
Important!
After downloading the indicator, you must manually add the currency pairs. Copy and paste the following into the “Symbols” field:
EUR,USD,CAD,GBP,JPY,AUD,CHF,NZD
This is required for the indicator to function correctly, and all markets the indicator analyzes must be open.
If you’d like to include additional assets, such as gold, silver or bitcoin, simply add them to the list. For example:
EUR,USD,CAD,GBP,JPY,AUD,CHF,NZD,XAU,XAG,BTC
Note that your broker must support the symbol for it to work.
How It Works
The model is built on two key moving averages—a fast (5-period EMA) and a slow (10-period EMA)—which classify the trend direction of each currency pair as bullish, bearish, or neutral. These settings are customizable, but the default configuration is generally recommended. The 5-period EMA represents roughly one week of trading, while the 10-period EMA reflects about two weeks—both widely accepted intervals for analyzing capital flow.
To evaluate the strength of a specific currency (e.g., EUR), the indicator analyzes all pairs containing that currency (such as EUR/USD, EUR/JPY, EUR/CAD, etc.). It then calculates a strength score ranging from -7 to +7, reflecting how EUR is performing against the seven other major currencies. (If additional symbols are included in the analysis, the score range expands accordingly.)
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+5 to +7: Very Bullish — EUR is outperforming most or all other majors
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+1 to +4: Bullish — Moderate buying pressure
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0: Neutral — Minimal directional bias
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-1 to -4: Bearish — Moderate selling pressure
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-5 to -7: Very Bearish — EUR is underperforming across the board
The results are displayed on a panel, while a histogram tracks the historical strength over time
Parameters
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Histogram Bars: 1000
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Symbols: //← Insert Symbols
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Time Frame: Current (1 Minute to Monthly)
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Fast EMA: 5
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Slow EMA: 10
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MA Type: Simple/Exponential/Smoothed/Linear Weighted
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Panel Font Size: 12
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Sound for Update: tick.wav
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Broker Suffix:
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Very Bullish: ForestGreen
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Bullish: LimeGreen
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Neutral: Gainsboro
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Bearish: Salmon
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Very Bearish: Red