MT5 has 44 analytical objects, including Gann, Fibonacci retracements, Elliott Tools, Geometric Shapes, and more. Apply objects on charts manually, set calculation parameters, and customize the appearance of graphical objects according to your taste.
Choose from the most popular technical indicators that are unique toMetaTrader5: Trend Oscillators, Volume Indicators, and Bill Williams’ Tools. Add indicators to the price charts oruse asseparate sub-windows with individual scales of value. You can also overlap indicators on one chart for better control. Moreover, whenever you feel you need more indicators for your specific trading strategies, you can access the Market and Code Base to download additional indicators for the MetaTrader5 trading platform. Developers can access MetaEditor to build customised indicators for the platform.
The MetaTrader 5 Economic Calendar is where important macroeconomic indicators can be viewed in real time, in order to forecast price trends. The calendar features both current and past weeks’ events, while also publishing upcoming events. All indicators come with release time, priority, and previous values. There is color coding to demonstrate the difference in expected values and actual values of the indicators.
The indicators can be viewed on the ‘Calendar’ tab of the Toolbox window. To add indicators tothe charts, simply click on ‘Add All Events’ in the calendar menu.
Identify trends and support or resistance levels for price forecasts with MetaTrader 5 charts. Enable trading robots to see changes in currencies, indices, and other security quotes.
Developed using programming language MQL5, MetaTrader 5 allows Black Box Programming, which makes it a viable choice for developers and users of trading robots. Trading robots are applications used for trade account management. They analyse quotes from financial instruments allowing traders to execute the most profitable trades. Thousands of these indicators can be downloaded for free on the MQL5 code base.