Forex Education

Trading industry knowledge. Learn forex trading, investing in stocks, commodities.

  • Home
  • Choose a broker
  • Brokers Rating
  • Learn trading
  • Affiliate
  • Contact
  • About us
Home » Indicators » Download FXSSI Calendar Indicator

Download FXSSI Calendar Indicator

by Fxigor

News is an essential part of the trading realm. You can use it to leverage all kinds of information regarding shares, prices, or trends. The onset of economic trends in the market trigger changes in the market or the value of an asset—for example, news on FOMC and NFP.

You can use our Economic calendar to monitor important trading news worldwide.

Initially, traders tended to ignore the importance of calendar news. However, this lack of interest leads to the modification of positions by many forex traders. Hence, due to the unpredictable nature of price movement, the economic calendar events gain significance in a trading strategy. However, sometimes these following sites for calendar economic events are not active. You might also forget to check the news due to other human factors. To prevent such things and ensure that you’re aware of the forex market news, you should use the calendar indicator and keep up to date with the market.

Download the FXSSI calendar from the original website page.

Description Economic Calendar Indicator

This indicator is free to download; it is present on the MT4 terminal chart and tells you about the basic forex economic calendar information. This includes the time and date of the event, the currency with which it is concerned, and its significance.

The publication fact is represented with vertical lines, while stars depict the importance from 1. Hence, providing information on news events is the primary task of the indicator. It reminds the trader about the news and keeps them up to date. This indicator is suitable for both past and present news. Hence, it aids the traders in keeping up with price movement during the onset of news and helps create strategies accordingly.

Characteristics of Economic Calendar Indicator

The indicator’s functionality is efficient in finding information about the next event with clarity.  

If you want to apply it, you’ll move your cursor over the currency, and you’ll see a tool-tip pop up near the published news. Left-click on the currency name, and it’ll display the news data in the bottom left corner in the shape of a table.

The data of the indicator modifies hourly. You can also change this default setting as per your preference. You can use the forward and backward buttons below the table to switch between current and future news. The economic calendar is a refuted source since it finds information from reliable sources like Investing.com and ForexFactory.com.

In case of unavailability of one source, the indicator resorts to using the other. If you trade in multiple currencies, you can change the currency’s name to abbreviations that you prefer. Once you do that, the MT4 terminal chart will show you the news related to only those currencies.

Why should you know the news published in the Economic Calendar News Indicator?

If you know the essential information on the news, you can prevent your open stance in the market from fluctuation before the event happens and adjust your stop loss point accordingly.

If the trading signal directs you to open a trade, you should assess the future news events on the chart to determine the prudent step to take.

Hence, the benefits of news event indicators are:

  • It gives you updated information about the economic calendar, which is easy to interpret.
  • You get to trace the price movement about news from a publication in the past.
  • It allows you to determine the profitability via news background before entering an open position.
  • The color scheme is serene and not too bright or flashy, making it noticeable.

The con of this indicator is that you will not see data initially published in the news release. The innovative idea behind this indicator was to make it a tool that helps the traders make informed choices and makes them non-dominant on the screen so the forex traders won’t be interrupted by it.

  • Author
  • Recent Posts
Fxigor
Fxigor
Trader since 2007. Currently work for several prop trading companies.
Fxigor
Latest posts by Fxigor (see all)
  • How Many Pennies in a Dollar?
  • Are Trading Bots Legal?
  • MACD vs. RSI – Which Indicator Gives Better Trading Results?

Related posts:

  1. FFCAL Forex Factory Calendar Download
  2. Forex Economic Calendar – Forex Calendar 2022
  3. What is Forex Calendar Trading Patterns?
  4. MBFX Timing Indicator – Free download MT4 Indicator
  5. How Does ADR Indicator Work? – Download ADR Indicator
  6. FX Vortex Indicator Free Download
  7. Traders Dynamic Index Indicator – Download TDI Indicator
  8. Download Currency Pair Correlation Indicator!
  9. Download QQE Indicator! How to use QQE Indicator?
  10. Download Chaikin Money Flow Indicator for MT4
  11. Download ADX Histogram Indicator

Filed Under: Indicators

Website categories

Main Forex Info

  • Forex Calendar 2022
  • Forex Holidays Calendar 2021 – Holidays Around the World
  • Non-Farm Payroll Dates 2022.
  • Key Economic Indicators For a Country
  • The Best Forex Brokers Ratings List
  • Top Forex brokers by Alexa Traffic Rank
  • Free Forex Account Without Deposit in 2022.
  • Brokers That Accept PayPal Deposits
  • What is PAMM in Forex? Are PAMM Accounts Safe?
  • Stock Exchange Trading Hours

Main navigation:

  • Home
  • About us
  • Forex brokers reviews
  • Investment
  • Education
  • Privacy Policy
  • Risk Disclaimer
  • Contact us

Forex social network

  • RSS
  • Twitter
  • FxIgor Youtube Channel
  • Sign Up. Get newsletter.

Spanish language

Spanish language website
Risk Warning: Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Trading such products is risky and you may lose all of your invested capital. Before deciding to trade, please ensure that you understand the risks involved, taking into account your investment objectives and level of experience.

Copyright Forex.in.rs 2007

Privacy Policy