Quantora Market Status Dashboard MT5 - Real-Time Market Analysis

Related: Quantora Account Health Monitor MT5: Professional Account Health and Risk Monitoring - another powerful indicator for MetaTrader 5 traders.

Quantora Market Status Dashboard MT5 is a professional real-time market monitoring utility designed to provide traders with a clear overview of current trading conditions directly on the MetaTrader 5 chart.

Also recommended: Quantora Trading Session Monitor MT5: Professional Market Session and Activity Analysis - similar indicator with strong performance on MetaTrader 5.

The dashboard combines spread analysis, ATR-based volatility, tick volume activity, daily range, Average Daily Range (ADR), trading sessions and overall market conditions into one easy-to-read interface.

Instead of monitoring several indicators separately, traders can use a single dashboard to quickly evaluate whether current market conditions are active, moderate, volatile or closed.

Main Features

- Real-time Market Open / Closed detection
- Live Spread monitoring
- Spread classification: Low / Normal / High
- ATR-based volatility analysis
- Volatility classification: Low / Normal / High
- Current Tick Volume
- Volume Activity analysis
- Daily Open
- Daily High / Low
- Current Daily Range
- Average Daily Range (ADR)
- ADR Usage percentage
- Current price position inside the daily range
- Sydney session monitoring
- Tokyo session monitoring
- London session monitoring
- New York session monitoring
- Multiple active session detection
- Session overlap information
- Active session counter
- Trading Mode information
- Server Time
- Overall Market Condition
- Professional Quantora dashboard
- Automatic real-time updates
- Low CPU usage
- Works on all chart timeframes
- Free and open-source MQ5 code

Market Condition Analysis

The dashboard automatically evaluates several important market variables and provides an easy-to-understand overall condition.

Possible market conditions include:

ACTIVE
— Strong trading activity with healthy volume and volatility.

MODERATE
— Normal market activity without extreme conditions.

VOLATILE
— High volatility combined with elevated trading conditions.

CLOSED
— Market trading activity is currently unavailable or no recent ticks are detected.

This allows traders to understand current market conditions without manually checking multiple indicators.

Spread Monitoring

The dashboard continuously monitors the current Bid/Ask spread and classifies it as:

LOW

NORMAL

HIGH

Spread thresholds can be adjusted from the indicator inputs to match different brokers and instruments.

ATR Volatility Analysis

The indicator uses Average True Range (ATR) to evaluate current volatility relative to recent market behavior.

The dashboard automatically classifies volatility as:

LOW

NORMAL

HIGH

This can help traders quickly identify unusually quiet or volatile market environments.

Volume Activity

Current tick volume is compared with recent average volume to estimate market activity.

Volume conditions are classified as:

LOW

NORMAL

HIGH

This provides an additional view of current trading participation.

Daily Range & ADR

Quantora Market Status Dashboard calculates:

- Current Daily Range
- Average Daily Range (ADR)
- ADR Used %
- Current Price Position %

ADR usage helps traders understand how much of the instrument's typical daily movement has already occurred.

Trading Sessions

The dashboard monitors the four major global trading sessions:

- Sydney
- Tokyo
- London
- New York

It also detects when multiple sessions are active simultaneously.

Session hours are configurable from the indicator settings and are evaluated using UTC time.

Supported Markets

The dashboard can be used with broker-supported MetaTrader 5 instruments including:

- Forex
- Gold
- Metals
- Indices
- Commodities
- Crypto

Because market specifications differ between brokers, spread and market-condition thresholds can be customized.

Installation

Place:

Quantora_Market_Status_Dashboard_MT5.mq5

inside:

MQL5 -> Indicators

Compile the source code using MetaEditor.

Then attach Quantora Market Status Dashboard MT5 to any MetaTrader 5 chart.

The dashboard will automatically begin monitoring the current symbol.

Important Note

Trading session times may vary depending on daylight-saving changes and individual market schedules.

Spread, volume, volatility and other market information may also differ between brokers.

This indicator is designed as a market information and analysis utility. It does not automatically open, close or manage trading positions.

Product Information

You may also like: Quantora Symbol Information Dashboard MT5 - Professional Symbol and Trading Specifications Panel - excellent alternative for indicator users on MetaTrader 5.

#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version   "1.00"
#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"
input group "========== MARKET SETTINGS =========="
input int                 InpATRPeriod             = 14;
input int                 InpADRPeriod             = 14;

.......

• 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.