Order Book Indicators for MetaTrader 5

Order Book indicators operate with the support of Depth of Market (DOM) data. These tools record buy and sell order volumes at various price levels and update them live. The multi-part data structure in MetaTrader 5 allows the separation of limit orders, active orders, and pending orders, enabling their simultaneous display. In advanced versions, it is possible to analyze the distribution of orders relative to the current price, filter them based on volume or distance from the market price, and store the history of changes in market depth. Additionally, some versions can detect large orders (Block Orders) and analyze their behavior before price changes occur. Combining the Order Book with indicators such as the Volume Weighted Average Price (VWAP) or Cumulative Volume can reveal liquidity concentration points and potential support and resistance levels. The advanced versions developed by Trading Finder are offered free of charge and include the ability to export data for statistical analysis outside the platform.