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Forex Factory Calendar Indicator for MetaTrader 5 Download - [TradingFinder]

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Forex Factory Calendar Indicator for MetaTrader 5 Download - [TradingFinder]
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The Forex Factory Economic Calendar Indicator is a powerful tool for monitoring significant economic events. This MetaTrader 5 indicator provides data on macroeconomic factors such as GDP growth rate, unemployment rate, central bank monetary policy changes, inflation indicators, and other impactful statistics.

Forex Factory Calendar Specifications Table

The features of the Forex Factory Calendar Indicator are shown in the table below.

Indicator Categories:
Liquidity Indicators MT5 Indicators
Trading Assist MT5 Indicators
Fundamental MT5 Indicators
Platforms:
MetaTrader 5 Indicators
Trading Skills:
Intermediate
Indicator Types:
Range MT5 Indicators
Breakout MT5 Indicators
Timeframe:
Multi-Timeframe MT5 Indicators
Trading Style:
Intraday MT5 Indicators
Trading Instruments:
Forex MT5 Indicators

Uptrend Conditions

The XAU/USD (Gold Spot) is shown in a one-hour timeframe. At 13:30 broker time, significant economic news regarding the US dollar is released.

If the news results are better than expected, they signal stronger economic growth, which may increase the value of gold. Conversely, weaker-than-expected performance may have an adverse impact on the gold price.

Forex Economic News Indicator at the Time of Release
Gold Spot analysis based on USD news impact using the Forex Factory Calendar Indicator

Downtrend Conditions

The following image shows the EUR/AUD chart in a 30-minute timeframe.

According to the economic news release schedule, significant news for the euro will be published at 13:30. If the results are above or below forecasts, this may lead to sharp market fluctuations at the time of release.

Forex Factory Calendar Indicator
Evaluating the euro news impact on the EUR/AUD index using the Forex Factory Calendar Indicator

Forex Factory Calendar Indicator Settings

The image below shows the configuration panel of this MetaTrader 5 trading tool:

Forex Factory Calendar Indicator Settings
Settings panel for the Forex Factory Calendar Indicator
  • Include High Impact: Include high-impact events
  • Include Medium Impact: Include medium-impact events
  • Include Low Impact: Include low-impact events
  • Show Panel: Display the Panel
  • Low Impact Color: Color for low-impact events
  • Medium Impact Color: Color for medium-impact events
  • High Impact Color: Color for high-impact events
  • Other Events Color: Color for other events
  • Hide Event After (Minutes): Hide the Event after (minutes)
  • Report for USD: Report for US Dollar
  • Report for EUR: Report for Euro
  • Report for GBP: Report for British Pound
  • Report for NZD: Report for New Zealand Dollar
  • Report for JPY: Report for Japanese Yen
  • Report for AUD: Report for Australian Dollar
  • Report for CHF: Report for Swiss Franc
  • Report for CAD: Report for Canadian Dollar
  • Report for CNY: Report for Chinese Yuan
  • Minutes Before First Alert: Minutes before the first alert
  • Minutes Before Second Alert: Minutes before the second alert
  • Popup Alerts: Enable popup alerts
  • Sound Alerts: Enable sound alerts
  • Sound File Name: Name of the sound file
  • Send Email: Send email notification

Conclusion

The Forex Factory Calendar Indicator is a powerful tool for displaying economic events as vertical lines on the MetaTrader 5 chart. It supports filtering by trading symbols, providing precise information. Additionally, the corresponding line is automatically removed from the chart after the news is released.

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FAQs

Do the orange, blue, and yellow colors indicate the news impact level?

 No; the vertical lines representing economic events are based solely on the news headline color and release time and are unrelated to the news impact level.

Is the Forex Factory Calendar Indicator usable in all financial markets?

No; the Forex Factory Calendar Indicator is exclusively designed for the Forex market and is not intended for use in other financial markets.

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