Summary of Forex Factory Calendar Indicator for MetaTrader 4/5 - 📥Free - [TradingFinder]

The video presents a detailed tutorial on the Forex Factory Calendar Indicator for MetaTrader 4 and 5, a free tool available on the TradingFinder website designed to help Forex traders integrate economic news directly into their trading charts for better fundamental analysis.

Main Financial Strategies and Business Trends:

Fundamental Analysis Using Economic News: The indicator allows traders to monitor and react to economic news releases that impact currency pairs, helping to anticipate market volatility and price movements based on news importance.
News Categorization for Impact Assessment: News events are categorized into three levels of importance (high, medium, low), color-coded (red, orange, yellow), allowing traders to prioritize which news to focus on and adjust their trading strategies accordingly.
Timely Alerts for News Releases: The indicator can send alerts a configurable number of minutes before news releases, enabling traders to prepare or adjust positions in advance.

Key Features and Functionalities:

Automatic synchronization with Forex Factory’s Economic Calendar.
Time zone adjustment between UTC and the trading server.
Display of news events directly on the trading chart with color-coded vertical lines indicating the timing and importance of news.
Customizable display options to filter news by importance level.
Alert notifications customizable in timing and enabled/disabled per user preference.

Step-by-Step Guide to Setup and Use:

Download the indicator file for MetaTrader 4 or 5 from the TradingFinder website.
Load the indicator from the Navigator section into the chart.
Enable "Allow DLL Imports" and "Allow WebRequest for listed URL" in MetaTrader’s Expert Advisor settings.
Weekly update the news data URL:
- Log into Forex Factory and navigate to the Calendar tab.
- Copy the CSV link from the weekly export section.
- Paste this URL into the MetaTrader options under the "Add New URL" section.
Configure alert settings and news display preferences in the indicator’s input settings:
- Enable/disable alerts and set alert time before news.
- Choose which news importance levels to display (high, medium, low).

Presenters/Sources:

The tutorial is presented by TradingFinder, the provider of the Forex Factory Calendar Indicator.

Notable Quotes

— 01:11 — « This indicator is a specialized tool for Forex traders that automatically calculates the time difference between UTC and the server, displaying the economic news times in this section. »

— 03:54 — « You can set the alert sending time before the news, which by default is set to 10 minutes before the news time. »

— 05:35 — « Well friends, we've reached the end of this indicator tutorial. We would love for you to share your comments and suggestions with us in the comment section. »