OFX Book
- Indicadores
-
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) - Versão: 1.10
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OFX BOOK — MQL5 MARKET PRODUCT DESCRIPTION
(formatting notes: text in **bold** = use the editor's Bold button;
lines starting with "•" = use the bullet-list button;
UPPERCASE lines = section headings)
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SHORT TITLE (for the product name field):
OFX Book — Order Book Imbalance for XAUUSD (Gold)
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OVERVIEW
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**OFX Book** turns your broker's Depth of Market (Level II order book) into a
single, clear read of who is really in control — buyers or sellers — right now.
Instead of a wall of numbers, it shows the live **bid/ask depth imbalance** at a
glance, so you can see pressure building before price moves.
It is purpose-built and validated for **XAUUSD (Gold)** on the **H1** timeframe,
where order-flow reads are cleanest.
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WHAT IT DOES
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• Reads the live order book (Depth of Market) and measures the imbalance between
resting **bid** volume and **ask** volume.
• Shows a clean directional read: green when bids dominate, red when asks dominate.
• Highlights when one side is stacking or pulling liquidity — the moments that
precede fast gold moves.
• **Honest by design:** it only shows what your feed can support. With a true
Level II feed it reads real depth; where depth isn't available it labels the
read **PROXY** instead of inventing numbers, and disables what it can't support.
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KEY ADVANTAGES
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• **Fast to read** — one imbalance read, no clutter.
• **Built for gold** — tuned for XAUUSD behaviour, recommended on H1.
• **No guessing** — transparent TRUE / PROXY data badge so you always know the
quality of the read.
• **Light and stable** — designed to run smoothly on its own chart.
• **Fits a bigger system** — see below.
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PART OF THE OFX ORDERFLOW SUITE — ALL ENGINES WORK TOGETHER
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OFX Book is **one engine in the OrderFlow (OFX) suite** — a set of indicators
built as **one connected system, not eight separate tools.** Each engine reads a
different, independent side of the same gold market, and they are designed to
agree with one another:
• **OFX Delta** and **OFX CVD** — raw order-flow (delta and cumulative volume delta)
• **OFX MoneyFlow** — money-flow pressure (CMF / MFI style)
• **OFX ICT** and **OFX KillZones** — higher-timeframe bias, FVG and session timing
• **OFX Heatmap** — where liquidity is resting across levels
• **OFX Book** (this product) — live order-book / DOM imbalance
• **OFX Dashboard** — the cockpit that reads all the engines above in one panel
• **OFX EA** — combines the engines into a single conviction meter and signals
Because every engine is independent, when several of them line up in the **same
direction** the read is far stronger than any single tool. **OFX Book adds the
order-book dimension** to that picture — the live pressure that confirms or warns
against what the other engines are showing. Use it on its own, or add the rest of
the suite for full multi-engine confluence.
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REQUIREMENTS
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• Symbol: **XAUUSD (Gold)**
• Recommended timeframe: **H1**
• For a true depth read, a broker feed that provides **Depth of Market (Level II)**.
Without DOM, OFX Book falls back to a PROXY read and says so.
• MetaTrader 5.
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HOW TO USE
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1. Attach OFX Book to an **XAUUSD H1** chart.
2. Check the data badge (TRUE = real depth, PROXY = feed-limited read).
3. Trade with the imbalance, and confirm with the rest of the OFX suite for
higher-conviction entries.
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INPUTS / PARAMETERS
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[ TO BE FILLED FROM THE INDICATOR'S "INPUTS" TAB ]
Please paste the real inputs and I will format them like this:
• **Parameter name** — what it does (default: value)
• **Parameter name** — what it does (default: value)
• ...
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NOTE ON DATA HONESTY
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OFX only shows metrics your broker's feed can actually support. Where real
order-flow data isn't available it labels its read **PROXY** instead of inventing
numbers, and any feature that needs data you don't have will disable itself and
say so. This is by design.
