Forex Factory Calendar Indicator for MetaTrader 4 - Free - [TFlab] - MT4/MT5 Resource

The Forex Factory Calendar Indicator (FF Calendar) displays economic event data directly on the chart. This trading tool informs traders of key economic data such as employment reports, inflation data, and gross domestic product (GDP).

It is worth noting that this MT4 indicator retrieves news data from Forex Factory using the “Network Request” feature and displays it on the chart.

Steps to Set Up the FF Calendar Indicator

To use the Forex Factory Calendar indicator, you first need to configure MetaTrader 4 to receive live data from the Forex Factory website.

#1 Forex Factory Calendar Page

To set up the Forex Factory Calendar indicator on MetaTrader 4, visit the Forex Factory website and go to the “Calendar” section. Then, under Weekly Export, copy the weekly calendar link in CSV format.

Once the relevant part of the link is selected, copy it again.

#2 “Options” Section

In MetaTrader 4, navigate to "Tools" and select "Options".

#3 Add link and run indicator

In the “Expert Advisors” tab, enable “Allow web requests to listed URLs” then click “Add New URL” and paste the Copy Forex Factory nfs.faireconomy.media link. Once completed, run the indicator on the MetaTrader 4 platform .

Forex Factory Calendar Indicator Specifications

The table below outlines the main specifications and functions of the FF calendar indicator.

Forex Factory Calendar Indicator Overview

The Forex Factory Calendar Indicator displays news events in a table format, indicating their names and release times.

Additionally, the indicator uses red, orange, and yellow to classify news importance and draws vertical lines on the chart corresponding to the time of news release.

bullish trend conditions

As shown in the USD/CAD currency pair chart (1 hour time frame), the FF Calendar indicator displays important news events in a tabular format.

The vertical line coincides with the time of news release, and price reaction is positive immediately after the release of economic data.

Bearish trend conditions

The 30 minute EUR/USD chart illustrates how the Forex Factory Calendar indicator works.

The figure shows influential news events plotted as a table and vertical lines on a chart. After the news is released, the price reacts negatively, resulting in a bearish trend .

Forex Factory Calendar Indicator Settings

The following figure shows the FF calendar indicator settings panel:

• Alerts: Enable alerts
• Notifications: Send news event notifications
• Alert Before News: Set the time interval
• High Impact News: Display news events with high-impact
• Medium Impact News: Display news events medium impact
• Low-Impact News: Display news events low-impact

Conclusion

The Forex Factory Calendar indicator uses tables and vertical lines to plot important news events on MetaTrader 4 charts.

The indicator retrieves news data from Forex Factory via Web Request and displays it directly on the chart.

Different trading instruments react differently to economic news. By using this indicator, traders can integrate fundamental analysis alongside technical analysis in order to make better decisions.