Technical Indicators for MetaTrader 5
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MetaTrader 5
Top Rated Products MT5
Overview
Choose the best trading tool: The impact of news on the exchange rate of a currency pair!
As a news source you can use: Terminal calendar or Investing.com website
In the second case, you will additionally need the Get News5 utility.
The indicator combines well with the Trade maker utility, providing multi-currency trading.
Calculates:
- indices of the impact of current news on currency pairs, taking into account market expectations.
- actual trend directions for 5 customizable timeframes and levels of change in trend direction
- time elapsed since the publication of the next news and time remaining until the next one is published
- writes a file with a news table in CSV format for the specified date interval
Current news values are analyzed based on their impact on the currency to which they relate.
The published current value of the news has a characteristic impact on the currency it relates to: positive, negative, neutral . The indicator summarizes all these values for the selected period, taking into account the importance of the news: high, medium, low and displays it on a graph in the form of a pie chart.This allows you to make a forecast of exchange rate movement if one symbol has more positive news and the other has more negative news.
Uses the built-in news calendar of the MT5 terminal and does not require additional settings.
The indicator selects news based on the chart symbol or the specified value of the Currency pair news parameter, plus displays analysis on 16 pairs.
The Low, Medium, High buttons set the news filter by importance.
The Now, Today, Week buttons set the depth of the period of looking back to calculate the impact of current news values.
The influence rating panel (appears by clicking on the corresponding button) analyzes 12 currency pairs: EURUSD, GBPUSD, AUDUSD, NZDUSD, USDJPY, USDCHF, USDCAD, EURGBP, EURJPY, EURCAD, GBPJPY, plus the one to which the indicator is attached.
To change the news of the current currency pair to the news of another currency pair, just click on the corresponding line of the influence rating panel.
Allows you to find a currency pair whose rate is more likely to move under the influence of news
On the right you can open an additional Trading panel showing profit for the symbols of a given Magic number for multi-currency trading
There is a sound notification about the occurrence of news in the form of the spoken word “News”.
Markers for the beginning and end of trading sessions are displayed on the chart:
- London
- New York
- Tokyo
Vertical lines of news released at the same time will be displayed on the chart with some offset.
To do this, set Options->Charts->Precise time scale in the terminal
Can be attached to any chart with any time frame.
If you purchased my indicator:
- Your wishes will be taken into account when developing new versions
- Tell your friends about it, because if they buy it, it will develop and improve
Parameters
Has Scale and markup =100% parameter for adjusting the interface on high-resolution monitors (100%, 125%, 150%, 175%, 200%).
Currency pair news = ""; // The entered value is used to display news; if not specified, then the symbol of the current chart
The value of the news impact filter, % = 60; // If the value of the news impact index is greater than the specified value, the corresponding arrow is displayed on the chart
