Premium Scalper Indicator 2.0 FREE Download

This Forex News Indicator displays the release of upcoming and past economic news on the MT4 and MT5 charts. It is displayed as vertical lines(time axis) with information displayed next to each line. It includes the currency of the publication and the degree of its impact.

Economic Calendar MT4 gathers data from news calendars by ForexFactory and The indicator can be used for any financial instrument as long as the necessary currencies are specified. It is suited for those traders who need a reminder of possible volatility increases but are not so much interested in the news itself.

FXSSI Calendar indicator uses both ForexFactory and services, To ensure the stable indicator functioning, it connects to both sources simultaneously. If the primary data source fails, the indicator will switch to the second one. This eliminates the problem of MT4 or MT5 terminals freezing when accessing data feeds. Therefore, if you choose this News Calendar Indicator as your primary news indicator, you don’t have to worry that it will stop working at the worst possible time Additionally, the indicator updates data every 5 to 60 minutes(you can adjust this from input parameters).

This Forex News Indicator MT4 can be used on any Forex currency pair and other assets such as commodities, Cryptos, Binary Options, Stock markets, Indices, etc. You can also use it on any time frame that suits you best, from the 1-minutes to the Month charts.

This is an entirely free Indicator without any restrictions made by website. There are more useful free and paid indicators on this website. So check out their other indicators and show some love for the 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, as they provide insight into the overall health and direction of an economy. Economic news can also include updates on government policies, central bank decisions, and any major events or developments that may affect the economy.

Traders and investors closely watch these reports and updates to gain a better understanding of the economic conditions and make informed decisions about buying or selling assets. Additionally, economic news can also be used as a tool for fundamental analysis, which involves studying various economic and financial factors to determine the intrinsic value of a security.

How it used in Forex Trading

Economic news releases can have a significant impact on the Forex market as they can indicate changes in a country’s economic health and give clues about future monetary policy decisions. Traders closely watch for 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 Federal Reserve in the US or the European Central Bank, can have a significant impact on the currency market. When interest rates are increased, that country’s currency tends to strengthen as investors are attracted to the higher returns on offer. Conversely, when interest rates are lowered, the currency tends to weaken.

Inflation data, such as the Consumer Price Index (CPI) or Producer Price Index (PPI), can also have a big impact on the currency market. When inflation is higher than expected, it can indicate that a central bank may raise interest rates to combat inflation, which can lead to a stronger currency.

GDP figures can also have a big impact as they indicate the overall health of an economy. Strong GDP growth can indicate a strong economy and lead to a stronger currency.

Traders can use economic news releases to make trades in anticipation of the market’s reaction. They can also use it to adjust their current positions. In general, it is important for traders to keep a close eye on economic news and events that might affect the currency they are trading. It is also important to note that economic news can be unpredictable and can cause sudden volatility in the market, so traders should always be prepared for potential risks.

How to use Economic Calendar MT4 Indicator to Protect from Economic News?

Every trader had experienced such a case in their career when sudden volatility knocked out Stop the Loss of a newly opened trade. Later it became clear that the increased volatility was the release of some economic news.

It doesn’t matter what kind of trading strategy you practice – you have to consider the release of important news. With Forex News Indicator MT5, you can see these news early and plan ahead.

Make your plan of action in case of an upcoming release, for example:

  • Close the trade if the expected volatility range is significantly beyond its target levels.
  • Hedge your trade 10 minutes before the news release and open the “lock” when the situation returns to normal.
  • Resume your trading no earlier than 15 minutes after the release.
  • Avoiding trading at these times if you can
  • Etc.
  • Read More Economic Calendar Explained and How to Use it

Thus, when you start to take news into account, you will at least protect yourself from unplanned losses.

Premium Scalper Indicator 2.0 FREE Download

This Economic Calendar Indicator Features

This News indicator MT4 is made on simplicity and compactness, So it only draws your attention only when it’s needed. Therefore, all marks were put in the lower part of the graph so as not to disturb your trading.

Info panel. Left-click on the news opens the window with detailed information on the upcoming news release in the bottom-right corner of the chart.

News Indicator MT5 FREE Download

To close the window, just click it. It will also disappear by itself when a new candlestick appears.

Navigate between news. You can switch between news by clicking the arrows below the info panel. The selected news will be highlighted:

News Indicator MT4 FREE Download

Filter news by importance and currencies. In the settings, you can specify for which currencies (countries) and degree of importance to display news.

Forex News Indicator FREE Download

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

To view which exactly news will be released, call the info panel by clicking the text label.

Tooltip. If you hover over the news, you will see a tooltip.

Economic calendar MT4 Indicator FREE Download

No Minimum Deposit
ECN Acount
No Commission

Free TradingView Premium*

Min Deposit of 50$
Allow USA Traders
Levergae up to 1:2000

Download a Collection of Indicators, Courses, and EA for FREE

Forex News Indicator Input Parameters
Forex News Indicator MT5 FREE Download
  • Filter News by Currencies. This setting allows you to set for which currencies the news will be displayed.
  • Current Symbol – automatically detects a currency by the chart window;
  • All Symbols – displays all available currencies;
  • Defined – see the following item.
  • Defined Currencies. You can manually specify the currencies you want to see on the chart. The field syntax is as follows: “USD, GBP, NZD, TRY”…
  • Filter By Volatility. Usually, news has three types according to the impact degree on the market: high (of high importance), medium (of medium importance), and low (of low importance).
  • «1+ Stars» – all three types of news will be displayed on the chart;
  • «2+ Stars» – news of medium and high importance will be displayed;
  • «3 Stars» – only news of high importance will be displayed.
  • Hours Ahead/Behind. Past news will be displayed for [behind] hours, and upcoming ones will be displayed [ahead] hours before the release. News is only available for the current week. So if you select to display news for the past couple of weeks, you will only see those for the current week.
  • Update Interval. Sets data update frequency by the Economic Calendar mt5.
  • Server Time Offset. Selects the time zone. By default, it’s detected automatically. This parameter affects the news location on the chart. Although the time zone is detected automatically, you should check whether the news is correctly located. If not, set the required time zone manually in the Economic Calendar Indicator settings.
  • Show till TimeFrame. Sets the timeframe up to which the news will be displayed.
  • Display Symbol Names. It enables/disables the currency name display. When disabled, only “stars” indicating the importance of news will remain on the chart.
  • Text Position. Determines whether to place text at the top or the bottom of the chart window.
  • Text Size. Specify the font size of the news label.
  • Show Tooltips. If enabled, you will see a tooltip when hovering over the news label. It shows information about the importance, the exact time, and the name of the news.
  • Indicator Position. Select the chart corner where the news information window by News Calendar Indicator will be displayed.
  • Horizontal/vertical Offset. Sets the offset of the information window from the chart window borders.
  • Color Scheme. By default, Forex News Indicator automatically detects the color scheme depending on the chart background. If necessary, select the desired color scheme from the list.
  • Alert Method. Select the notification method suitable for you: sound file or alert (pop-up window). You can also disable the notifications.
  • Notify Before N Minutes. Notifies you a specified number of minutes before the upcoming news release.
  • Sound File. Select a sound file to play. All available sound files can be found in the “/sounds” folder of your terminal installation directory.

How to Use News Indicator for MT4 in Trading?

Economic Calendar Indicator is an informational indicator. This means that it doesn’t generate trading signals by itself. It’s usually used to define the exact timing to enter or exit the market.

Only the most volatile news is generally taken into account, but it also happens that news of low importance incites the movement of an asset. Let’s consider a news pattern occurring quite often as an example:

News Indicator FREE Download
  1. As we expected, increased volatility occurs immediately after the news release. However, we don’t know whether the movement will continue or it’s a false maneuver.
  2. We observe that the price has pulled back and reached half the news impulse. This is precisely the time to determine where the price will move further.
  3. If the price approaches point (3), it means that the news impulse was false and more likely, we’ll see the movement in its opposite direction (as the red line shows).
  4. If the price approaches the high made during the impulse again, it indicates that the impulse was true, and you can consider opening trade in its direction.
  5. In this example, the trade was opened an hour and a half after the news release when the volatility had already decreased, traders added to the positions as needed, and the price could safely move in the right direction.

You can come across different approaches and strategies for news trading. However, we would like to remind you once again that trading during the releases is associated with an increased risk. We recommend you use the News Calendar Indicator only to avoid having open trades during news releases.

Premium Scalper Indicator 2.0 FREE Download
Premium Scalper Indicator 2.0 FREE Download