Forex News Indicator for MT4 and MT5 FREE Download

This Forex News indicator displays upcoming and past economic news on MT4 and MT5 charts. It is displayed as vertical lines (timeline) with information displayed next to each line. It includes the popularity of a publication and its impact.

Economic Calendar MT4 collects data from the news calendars of ForexFactory and Investing.com. The indicator can be used for any financial instrument as long as the necessary currency is specified. It's suitable for traders who need a reminder of a possible increase in volatility but are less interested in the news itself.

The FXSSI calendar indicator uses both ForexFactory and Investing.com services, and to ensure stable operation of the indicator, it is connected to both sources simultaneously. If the primary data source fails, the indicator switches to the secondary data source. This eliminates the problem of the MT4 or MT5 terminal freezing when accessing the data source. So, if you choose this news calendar indicator as your main news indicator, you don't have to worry about it stopping working at the worst possible time. Additionally, the indicator updates data every 5 to 60 minutes (you can adjust this via input parameters).

This Forex News Indicator MT4 can be used on any Forex currency pair and other assets such as commodities, cryptocurrencies, binary options, stock markets , indices, etc. You can also use it within any time frame that works best for you, From 1 minute charts to monthly charts.

This is an absolutely free indicator without any restrictions made by fxssi.com website. There are many more useful free and paid indicators on the site. So, check out their other indicators and show interest in FXSSI Indicators .

what is economic news

Economic news refers to reports and updates on various economic indicators such as GDP, inflation, unemployment, trade balance, and interest rates. These indicators can have a significant impact on financial markets because they provide insight into the overall health and direction of the economy. Economic news can also include the latest information on government policies, central bank decisions, and any major events or developments that may affect the economy.

Traders and investors pay close attention to these reports and updates to better understand the state of the economy and make informed decisions about buying or selling assets. Additionally, economic news can be used as a tool for fundamental analysis, which involves the study of various economic and financial factors to determine a security's intrinsic value.

How it is used in Forex trading

Economic news releases can have a significant impact on the foreign exchange market, as they can indicate changes in the health of a country's economy and provide clues to future monetary policy decisions. Traders closely monitor news related to interest rates, inflation, gross domestic product (GDP), and other indicators of economic activity.

Interest rate decisions made by central banks, such as the U.S. Federal Reserve or the European Central Bank, can have a significant impact on currency markets. When interest rates rise, the country's currency tends to strengthen as investors are attracted by higher returns. Conversely, when interest rates are lowered, currencies tend to lose value.

Inflation data such as the Consumer Price Index (CPI) or Producer Price Index (PPI) can also have a significant impact on currency markets. When inflation is higher than expected, it may be a sign that central banks may raise interest rates to combat inflation, causing the currency to strengthen.

GDP figures also have a significant impact because they indicate the overall health of the economy. Strong GDP growth can signal a strong economy and lead to a stronger currency.

Traders can use economic news releases to predict market reactions for trading. They can also use it to adjust their current location. In general, it is important for traders to pay close attention to economic news and events that may affect the currencies they trade. It's also important to note that economic news can be difficult to predict and can cause sudden market swings, so traders should always be prepared for potential risks.

• Learn more Which forex press releases are the safest to trade?

How to use the Economic Calendar MT4 indicator to guard against economic news?

Every trader has experienced a situation in his career when a sudden move caused the stop loss on a newly opened position to be canceled. It later emerged that the increased volatility was due to the release of some economic news.

No matter which trading strategy you adopt, you must consider the release of important news. With the Forex News Indicator MT5, you can see these news early and plan ahead.

Develop an action plan for upcoming releases, such as:

• If the expected range of fluctuations significantly exceeds its target level, close the trade.
• Hedge your trades 10 minutes before news breaks and open the "lock" when conditions return to normal.
• Trading resumes within 15 minutes of posting.
• If possible, avoid trading during these times
• Etc.
• Read more Economic Calendar explained and how to use it

So when you start thinking about the news, you can at least protect yourself from unexpected losses.

Features of this Economic Calendar Indicator

This News Indicator MT4 is designed to be simple and compact, so it only grabs your attention when needed. Therefore, all markers are placed in the lower part of the chart so as not to interfere with your trading.

Info panel . Left-clicking on a news item will open a window showing details of the upcoming news item in the lower right corner of the chart.

To close a window, just click on it. When a new candlestick appears, it will also disappear on its own.

Navigate between news . You can switch between news by clicking the arrows below the information panel. Selected news will be highlighted:

Filter news by importance and currency . In the settings you can specify the currency (country) and importance of the news to be displayed.

Grouping news . If multiple releases have the same publication time, they will be grouped.

To see exactly which news will be published, call up the information panel by clicking on the text label.

Tooltip . If you hover over News, you'll see a tooltip.

How to use MT4 News Indicator in trading?

The Economic Calendar indicator is an information indicator. This means that it does not generate trading signals by itself. It is often used to define the exact time to enter or exit a market.

Typically only the most volatile news is considered, but less important news can also trigger moves in an asset. Let's take an example of a recurring news pattern:

1. As we expected, volatility increased immediately following the news. However, we don't know if the movement will continue or if it was a wrong move.
2. We observe that the price has retreated and is halfway through the news shock. This is when further price movement is determined.
3. If the price approaches point (3), it means the news impulse is wrong and, more likely, we will see a move in the opposite direction (as shown by the red line).
4. If the price is again close to the highs of the impulse period, it is a sign that the impulse is real and you can consider opening a trade in its direction.
5. In this example, trading begins an hour and a half after the news, by which time volatility has declined, traders are adding to positions as needed, and prices can safely move in the right direction.

You may come across different news trading methods and strategies. However, we would like to remind you again that trading during the release period carries increased risks. We recommend that you only use the News Calendar indicator to avoid taking open trades during news releases.

• Learn More Automatic News Trading EA Free Download