AURUM Order Flow Footprint

AURUM Order Flow Footprint

Order flow indicator for MetaTrader 5

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Confluence markers where aggressive order flow meets established volume levels.

Methodology

The indicator reads the market from volume traded at each price, rather than from averages of the closing price. The underlying concepts (the volume footprint, the Point of Control, the value area, bid and ask imbalance, delta, and the reading of absorption against initiation) are long established in order flow and market profile analysis. This product brings that approach to MetaTrader 5 and marks the places where these reads coincide automatically, so you can study them.

Out of the box

The indicator loads as a clean, markers-only chart. Nothing covers your candles and there are no figures to squint at. Three elements are displayed.

1. Live support and resistance

Levels are built where the highest-volume prices of four or more bars line up. They extend forward and recolour on every tick: green while price trades above them, red while price trades below.

2. Scenario labels on every bar

Each completed candle is classified the way an order flow analyst reads a footprint, by comparing where the aggressive volume was with where the bar actually closed.

• B-INIT, Bullish Initiation: buyers were aggressive and the bar closed up.
• B-ABS, Bullish Absorption: sellers were aggressive, buyers absorbed it and the bar closed up.
• S-INIT, Bearish Initiation: sellers were aggressive and the bar closed down.
• S-ABS, Bearish Absorption: buyers were aggressive, sellers absorbed it and the bar closed down.

3. Confluence triangles

Labels on their own are observation. The triangles mark where the two reads coincide: a triangle appears only where an aggression scenario lands on an established level, and it is drawn on the level line itself.

• Triangle up, lime: bullish initiation at support
• Triangle up, deep sky blue: bullish absorption at support
• Triangle down, magenta: bearish initiation at resistance
• Triangle down, orange: bearish absorption at resistance

Each triangle combines two independent reads. The first is order flow: every candle is broken down to show which side was aggressive inside it, rather than where it happened to close. The second is the set of prices at which volume has repeatedly changed hands, which is what makes a price an established level. A triangle is printed only where aggressive flow meets one of those levels, on the level line itself, at the close of the bar. No confluence, no triangle.

Push notifications are enabled by default, so a confirmed triangle reaches your phone when the bar closes.

Two rules that keep the chart honest

1. A triangle is only ever tested against levels that already existed when that bar closed, so the history on your chart shows what was visible at the time.

2. A triangle is displayed only while its own level still holds. Bullish triangles turn grey if their support breaks, bearish triangles turn grey if their resistance is reclaimed, and both return if price comes back.

The full order flow toolkit, when you want it

A word of warning first. Switch every element below on at once and the chart becomes overwhelming. Footprint cells, volume figures, Point of Control lines, value area boxes, imbalance colouring and delta text on every candle will cover the price action and, on anything other than a handful of bars zoomed in closely, become impossible to read. That is the nature of a full footprint rather than a fault in the indicator.

All of this data is calculated on every bar whether it is displayed or not, and it is what produces the four scenario labels and the confluence triangles on the default chart.

Treat the elements below as inspection tools. Switch one on when you want to study a particular area, zoom in, look, then switch it off again. Each has its own setting, so you can bring in only the one you need.

Control

Eleven display toggles, plus separate switches for the initiation and the absorption markers. Colours, fonts, row height, imbalance threshold, level sensitivity, marker tolerance, alert and push behaviour are all exposed as inputs. Row height adapts to the instrument and timeframe automatically, or can be fixed in points. The default settings file is included.

Every marker type also writes to its own indicator buffer, so an Expert Advisor or another indicator can read the markers through iCustom.

Requirements and notes

1. MetaTrader 5. Any symbol.

2. Built from the terminal's tick history. The more tick history is available, the further back the footprint reaches. Recent bars are always available.

3. On exchange-traded instruments with real volume, the side of each trade is taken from the feed. On forex and contracts for difference, where no trade side is published, it is estimated from the tick sequence.

4. Suitable for timeframes from M1 to W1.

The indicator is an analytical tool for studying order flow. It does not tell you to buy or sell.

Risk notice

Education only, not investment advice; leveraged trading carries a high risk of losing money. Trading gold, forex and other CFDs on margin can lead to losses greater than your deposit. Any statistics this indicator shows are calculated on the history loaded on your chart; they are not a forecast and past performance is not indicative of future results. AURUM Intelligence is not authorised or regulated by the FCA. Always test on a demo account first.