Proxy OrderFlow MT5

Proxy Order Flow

What the indicator does
An indicator that simulates order flow without a DOM by analyzing:

• Tick variations (price direction)

• Spread variations (volatility/liquidity)
  It combines both to detect buying/selling pressure.

How to use it
Visualization:

• Green bars = Buying pressure (aggressive buyers)

• Red bars = Selling pressure (aggressive sellers)

• Blue line = Net cumulative (underlying trend)

• Dotted lines = Extreme zones (overbought/oversold)

Trading signals:

• Strong green bars → Bullish signal

• Strong red bars → Bearish signal

• Rising blue line → Dominant bullish trend

• Falling blue line → Dominant bearish trend

• Extreme zones reached → Possible reversals

Detects Divergences

• Price rises → Imbalance falls = Probable reversal

Confirms Trends

• Price + Imbalance aligned = Strong trend

Extreme Zones

• Imbalance > ±70 = Overbought/Oversold

Key Parameters:

• TickWindow (200): Number of ticks analyzed

• SpreadWeight (1.5): Importance of spread in the calculation

• BarScale (30): Visual bar height

Optimal use: short timeframes (M1–M15) to capture intraday imbalances.

Examples:

• EUR/USD M5: TickWindow = 250, k = 1.2

• XAU/USD M5: TickWindow = 150, k = 2.0

DOM Alternative:
No costly subscription required.