The Forex Calendar indicator designed for Metatrader 5 is an excellent tool for staying ahead of various news events that may impact the currency market.
Utilizing an economic calendar is of utmost importance for scalpers and day traders, but its significance may be relatively less pronounced for swing traders and long-term traders.
This indicator grants you the flexibility to customize numerous parameters and indicator settings based on your individual preferences, such as:
- filter news by currencies
- filter news by volatility
- hours ahead
- hours behind
- update interval
- display symbol names
- server time offset
- text position
- show tool tips
- indicator position
- color scheme
- alert method
- sound file
This indicator is compatible with all Forex pairs available on the MT5 charting platform.
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The picture below displays how the Forex Calendar indicator looks like when applied to the MT5 chart.
How To Buy And Sell Currency Pairs With The Forex Calendar Indicator?
The indicator’s function is limited to displaying past and upcoming news events; it does not provide buy or sell signals.
Use it together with an existing trading strategy or buy/sell technical indicators.
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Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the FXSSI.Calendar.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration