News Trading Dashboard

Related: Trading Session Ranges: Asian, London, and New York - another powerful indicator for MetaTrader 5 traders.

News Trading Dashboard is an informational on-chart panel that monitors market volatility in real time to detect news spike moments — the sudden price moves that occur when economic data is released. It compares the current bar's range against the market's average ATR, multiplied by a threshold factor. If the current range exceeds this threshold, it means the market is moving abnormally compared to normal conditions — a typical sign that important news has just hit the market. It tells you at a glance whether the market is calm or in a spike, without constantly watching the chart or a separate economic calendar. It warns you not to open new positions during extreme volatility moments. It can run on multiple symbols/charts simultaneously, useful for anyone tracking several pairs in parallel around a major news release. NEWS / VOLATILITY DETECTION InpATRPeriod — the ATR period used as the normal reference baseline. A smaller value = more sensitive to recent moves; a larger value = a more stable, less reactive average. InpSpikeMultiplier — how many times larger the current range must be compared to ATR to be considered a spike. 2.0 = the range must be double the normal level. InpTimerSeconds — how often the footer clock refreshes. DASHBOARD APPEARANCE InpShowDashboard — shows/hides the entire panel. InpTheme — color theme. InpFontSize — base text size; the whole panel auto-scales based on it. InpAutoScalePanel — the panel automatically widens to fit the longest possible text. InpMinPanelWidth — the guaranteed minimum width, regardless of auto-scaling. DASHBOARD POSITION InpCorner — the anchor corner. InpOffsetX / InpOffsetY — the distance from that corner. MULTI-INSTANCE InpInstanceID — identifier used to run multiple copies on the same chart. A Few Trading Methods Using This Indicator No-trade zone filter around news releases — set InpSpikeMultiplier to 1.5–2.0; when the status turns red, pause any automated or manual system for a few minutes. Breakout on confirmed spike — instead of avoiding the spike, trade it: once the status turns red, wait for the first impulse candle to close, then enter in the direction of the move. Fade on extreme volatility — on major pairs, very large spikes are sometimes followed by a pullback. Multi-symbol setup for news correlations — by running multiple instances on different charts, you can immediately see whether a major macro news event hit all correlated markets at once. Amber zone as a position-sizing signal — the amber status appears before a full spike; you can use this moment to reduce position size or tighten your stop-loss.

Also recommended: Symbol Specification Auditor: Uncover Hidden Trading Costs and Risks - similar indicator with strong performance on MetaTrader 5.

You may also like: Trade Excursion: Analyzing Realized Profit from Your Trading History (MFE/MAE) - excellent alternative for indicator users on MetaTrader 5.

#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version   "2.00"
#property strict
#property indicator_chart_window
#property indicator_plots   0
#property description "This code is educational. Feel free to use, modify and upgrade as you wish. Visit ROBOTFX.ORG for professional trading tools"
enum ENUM_BG_THEME
  {
   THEME_BLOOMBERG_BLACK,

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• This tool is provided for educational and testing purposes only.
• Past performance does not guarantee future results.
• Trading involves substantial risk of loss. Use on a demo account first.
• Results may vary depending on market conditions, broker, and settings.
• We recommend thorough backtesting and forward testing before using with real funds.