News Indicator for Metatrader 4
AT News Indicator is probably one of the most complete news indicator for Metatrader. The indicator provides information about past and future news directly on the pair’s chart, keeping traders informed without losing their focus.
- Shows past/future news directly on the pair’s chart.
- Calculates the number of bars since/until the announcements.
- Allows traders to choose the type of news that are shown.
- Notifies minutes before the announcement.
- Presents the exact moment when news take place.
- Highly customizable – change colors, show/hide lines and more.
How to use AT News Indicator?
The indicator shows the number of bars since/until the announcements, for an anticipated trade planning. If the news are taking place in the near future, it will draw the remaining bars until the news come out, helping the trader visualizing it graphically. Furthermore, traders can choose if they want to receive alerts in Metatrader, notifications by email or push notifications relative to the scheduled news. These functionalities support the scheduling of some specific trades that may be especially relevant in strategies like swing trading.
In the case of recent past news, it also signals the bar at which the announcement took place. This technical drawings are useful to check the exact moment of the announcement and analyse the impact on the pair.
Conventionally, high impact news may have an impact up to the daily timeframe. Medium impact news usually have an impact up to 30 minutes after the announcement. Low impact news have little impact on the market, taking only up to 1 minute to be priced.
Based on the relevance of the news, traders can define strategic opening and exiting points and be able to profit from the these impacts.
The information provided is based on the calendar from Forex Factory for the current week. If you want to know more about specific news, you can visit Forex Factory’s website.
Show Low/Medium/High Impact News – Traders can filter the kind of news they want to see according to their relevance.
Show Bank Holidays – Set to Yes if want to know when banks are closed.
Indicator On – Select Yes to turn on the indicator.
Display Panel – Select Yes to allow the panel display.
Show Panel Background – Select Yes to show a white panel background.
Display panel in sub window – Select Yes to display panel in another window.
Panel Corner – Select the corner in which panel will be exhibited.
Display Vertical Lines – Select Yes to draw lines on the chart where the news are taking place.
Minimum/Maximum Timeframe – Select the Minimum and Maximum timeframe of the news.
Font Size – Define the font size of the text.
Max Number of News in Panel – Select the maximum number of news that are shown. The maximum allowed is 4.
Title – Set title’s color. Black by default.
Low/Medium/High Impact News – Set different colors according to the news’ relevance.
Bank Holiday – Set color for messages regarding banks’ holidays. Purple by default.
Remarks – Set color for remarks messages. Grey by default.
Panel Background – Set color for panel background. White by default.
Minutes before alert – Define the number of minutes before the news to receive a Metatrader alert. Set 0 for no alerts.
Email alert – Set to Yes if want to receive news’ notifications by email.
Push Alert – Set to Yes if want to receive news’ push notifications.
Additional Currencies Module
[Currency] news on non-[Currency] charts – Set to Yes if want to receive news about a certain currency on charts that don’t contain that currency.
Ignore current symbol – Set to Yes to show news that are not strictly related to the pair’s chart.
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