1. Forex Factory News Filter – MetaTrader
4 Indicator
With the power of ForexFactory calendar, we found this wonderful MT4 indicator which will tell
you how many minutes till the next relevant news event (or two). This indicator is really useful
for forex traders to avoid news time as in most cases it is more risky to trade during big news.
In order to use the MetaTrader indicator, you need to turn on DLL Imports when you install
it in your Metatrader platform, because it calls a DLL to get your local time-zone, as well as
another file to read the ForexFactory web page to get news information. (Be aware it will write
out .XML files to your expert/files folder). The indicator has settings so you can filter out (or in)
news announcements of High, Medium, or Low impact. You can have it display the minutes till
(and info about) the next announcement, or the next two. And you can adjust the colours of the
text.
The indicator can also be called from within an MT4 EA using the iCustom call. By accessing
buffer 1, index 0, you can get the minutes until the most recent past event (so minutes will be
negative or zero), or by using buffer 1, index 1, minutes until the next news event (positive or
zero). We think this is a MT4 indicator every professional trader should have.
Download News Filter – MetaTrader 4 Indicator