In the forex market, economic news releases are among the most influential factors affecting asset prices. Events such as the Non-Farm Payrolls (NFP), Federal Open Market Committee (FOMC) statements, and other high-impact announcements can cause immediate and significant volatility.
However, even seemingly minor news events can trigger large position adjustments among institutional traders, leading to unexpected price movements. That’s why monitoring the economic calendar is an essential part of every professional trading system.
The problem? Traders can easily forget to check the calendar before entering trades, or the websites they rely on may be temporarily unavailable. The Economic Calendar Indicator for MT5 solves this problem by automatically displaying all upcoming and past economic events directly on your MetaTrader 5 chart.
The Economic Calendar Indicator for MT5 is a free and practical tool that automatically shows key forex calendar data right on your trading charts. It presents essential details such as:
Date and time of the event
Currency affected
Importance level of the news (from 1 to 3 stars)
Vertical lines mark the timing of each event, while asterisks represent the impact level—from minor (1 star) to high importance (3 stars). This visual layout ensures that traders never forget about upcoming news that might influence their open positions.
Even better, the indicator shows both upcoming and past events, allowing you to analyze how price reacted to previous releases and use those insights for future trades.
Important forex news events are displayed directly on your MT5 chart using vertical lines and star ratings, helping you plan trades without switching screens.
Hover over a currency symbol to see a tooltip with details about the news event.
Clicking the symbol displays a more detailed information table at the bottom left of the chart (you can adjust the location in the indicator settings).
By default, the data refreshes every hour, but traders can change this interval manually — even down to every 5 minutes for real-time updates.
With forward and back buttons below the table, you can easily navigate between past and upcoming news events, making it simple to track relevant announcements.
The indicator retrieves data from two trusted financial news sources:
If one source is unavailable, the indicator automatically switches to the other, ensuring uninterrupted access to current economic data.
You can specify which currencies to display in the settings. For example, entering “USD, EUR, GBP” will show only events related to those currencies.
Knowing when key news releases are scheduled helps you manage risk more effectively:
Before major news, you can move your stop loss to breakeven or close trades early to avoid volatility.
When your system generates a signal, you can check the upcoming calendar events to determine if it’s safe to enter.
You can analyze past market reactions to similar events and adjust your strategy accordingly.
By displaying this data directly on your chart, the indicator keeps you constantly aware of market-moving events without interrupting your workflow.
Displays up-to-date calendar events automatically.
Allows traders to analyze past news reactions on price charts.
Helps evaluate the current news background before opening trades.
Features customizable colors and positions for user convenience.
Works with multiple reliable data sources.
The only limitation is that it does not display the actual published figures (such as actual vs. forecast data). However, this minimalist design ensures the indicator remains unobtrusive and efficient, providing only the information needed to make timely trading decisions.
The Economic Calendar Indicator for MT5 is an essential addition to any trader’s toolkit. By integrating real-time forex news events directly onto your charts, it ensures you never overlook critical market developments.
This indicator helps you plan trades, avoid volatility, and improve overall strategy consistency — all from within the MetaTrader 5 platform.
Stay informed and prepared by downloading the Economic Calendar Indicator today at IndicatorForest.com.
Published:
Nov 08, 2025 14:57 PM
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