Charts in MetaTrader 5

Analyze financial security quotes

MetaTrader 5 charts visualize changes in currency, stock and other security quotes. Charts enable  technical analysis  and  operation of trading robots . Charts allow traders to visually monitor quotes of financial instruments in real time and respond instantly to any changes in the market.

MetaTrader 5 charts are interactive and can be displayed as lines, bars, or Japanese candlesticks

Charts offer a variety of different settings, so that traders can customize and adapt these settings to their personal needs. MetaTrader 5 supports three types of charts: broken line, sequence of bars and Japanese Candlesticks. You can set a separate color for any item in the chart and create the most comfortable workplace for long-term work.

Flexible MetaTrader 5 chart settings allow you to create the most comfortable workspace for long-term work

MetaTrader 5 charting system includes:

  • 21 timeframes for any financial instrument
  • dozens of analytical tools
  • color schemes
  • templates and profiles
  • manual scaling

MetaTrader 5 provides the use of various  chart  templates and profiles . With these templates you can save color schemes and analytical objects applied on a chart, while all the open chart templates can be saved on one profile. By using these templates and profiles, you can easily and quickly restore the working area of your platform whenever such automation is considered necessary.

MetaTrader 5 gives the availability of 21 timeframes, from one-minute to one-month, so that traders can easily choose the type of quote visualization that best suits their trading system. Moreover, it is also possible to set up visualization of additional information (tick volumes, last price, OHLC and others). As a result, this will help you trade and  analyze quotes  more efficiently.

MetaTrader 5 allows applying technical indicators directly on charts

The tools provided by MetaTrader 5 charts can be widely used for all the analytical purposes. The platform offers more than 80 of the most popular analytical tools:  technical indicators  and  graphical objects .

The analytical objects can be added directly to a symbol price chart or in its separate sub-windows. An unlimited number of analytical tools can be also applied to the chart for the analysis of the price dynamics from various perspectives.

Finally, it is possible to construct charts based on other indicators' data. For example, traders may apply the  Bulls Power  indicator together with  Bears Power  and smooth the data by using the  Moving Average .

In summary, MetaTrader 5 charts provide all tools needed for convenient and comprehensive  technical analysis . You can customize charts based on your choice and analyze quotes using technical indicators and objects - with the MetaTrader 5 this could not be easier.

Technical analysis in MetaTrader 5

Forecast price movements of your favorite assets and trade

Technical analysis is an integral part of successful Forex, Stock and Futures trading. It helps to identify various symbol trends, define support/resistance levels, forecast price dynamics and much more. In other words, with technical analysis you are allowed to have "a peek into the future" and use this advantage to succeed in trading.

Technical analysis in MetaTrader 5:

  • 38 technical indicators
  • 44 analytical objects
  • 21 timeframes
  • 1-minute history
  • unlimited number of charts

The essence of such a technical analysis software is to study charts of financial instruments using technical indicators and analytical tools. MetaTrader 5 provides a large set of such analytical means. There are 38 technical indicators and 44 graphic objects, which are available for a comprehensive market analysis.

Technical indicators

An indicator is the most important tool for technical analysis. Such indicators can be set to operate automatically in order to detect different patterns in the price dynamics of stocks, currencies and other financial assets. Based on this information, traders can assume further price movement and adjust their strategy accordingly.

Technical indicators in MetaTrader 5

Many technical indicators have been developed since the creation of financial markets. The most popular indicators are included into the MetaTrader 5 trading platform. For more convenience, the indicators are divided into several groups: Trend indicators, Oscillators, Volume indicators and Bill William's tools.

Most of the technical indicators provide the flexibility to adapt the tools to any specific task. You can control both analytical parameters and settings which are responsible for the indicators' results and appearance. For example, you may change the calculation period of Moving Average as well as to adjust the color, width and line type.

Indicators can be added to the price charts or to a separate sub-window with an individual scale of values. Moreover, one indicator can be applied over another one. For example, you may apply a Moving Average on DeMarker and obtain a line of averaged values.

In general, MetaTrader 5 offers to the traders an elaborate set of tools for the comprehensive technical analysis. Even the most demanding traders can use additional technical indicators. Market and Code Base feature thousands of indicators that can help to expand further analytical capabilities. Download for free from the Code Base, and purchase or rent from the MetaTrader Market. You can obtain cutting-edge tools for technical analysis of any complexity level straight from the platform!

Should you need any specific indicator with particular analytical characteristics, you can develop it yourself. All the necessary tools are available in the platform, while a lot of additional useful material are constantly published on A further option is to order a custom indicator from professional programmers for a reasonable fee.

Analytical objects

MetaTrader 5 offers 44 analytical objects: Gann, Fibonacci and Elliott tools, geometric shapes, various channels, and more. Contrary to the technical indicators, the analytical objects must be applied manually.

Objects control is intuitive and will not cause any difficulty. In order to apply a tool, a trader only needs to specify a few control points to plot the object. After that, the required analytical object will appear on the screen.

Analytical tools can be applied both on price charts and indicator windows

Analytical objects in MetaTrader 5

As with technical indicators, traders can also set the calculation parameters and appearance of graphical objects. For example, traders can set custom levels and colors of Fibonacci lines.

The impressive number of analytical tools available in the MetaTrader 5 terminal cover most of the needs of the modern trader. The MQL5 development environment and all the additional services for technical analysis offered on MetaTrader 5 have raised the level of analytical options through the roof. Check yourself!