News Tracker Trend Bands

  • Indicators
  • Sahib Ul Ahsan
    Sahib Ul Ahsan

    Sahib Ul Ahsan

    Premium MT4 & MT5 EA Developer | MQL4/MQL5 Algo Programmer
    Want to automate your trading strategy with a reliable MT4 or MT5 solution?
  • Version: 2.0
  • Updated: 20 May 2026
  • Activations: 5

Price Following Trend Indicator with Live Economic News Filter

Overview

Price Following Trend Indicator is a professional MetaTrader 5 indicator designed to help traders visualize short-term market direction while staying aware of important economic news events.

The indicator combines an intelligent moving average trend ribbon with a built-in live economic calendar, allowing traders to monitor market conditions without leaving the chart.

It is suitable for Forex, Gold, Indices, Commodities, and other CFD markets supported by MetaTrader 5.

Main Features

Smart Trend Ribbon

The indicator analyzes the selected Moving Average and displays a colored ribbon directly on the chart.

  • Uptrend Ribbon
  • Downtrend Ribbon
  • Smooth trend visualization
  • Supports different MA calculation methods
  • Adjustable applied price
  • Moving Average Period
  • Moving Average Method
  • Applied Price
  • Ribbon Colors
  • Ribbon Width
  • Ribbon Length

The ribbon helps traders identify the current market direction in a clean and simple visual format.

Built-in Live Economic News

The indicator automatically reads the MetaTrader 5 Economic Calendar and displays upcoming news events directly on the chart.

Features include:

  • High Impact News

  • Medium Impact News

  • Low Impact News (optional)

  • Currency filtering

  • Countdown until news release

  • Live news panel

  • Vertical news markers

  • News importance colors

No external websites or DLL files are required.

News Alert

When an important economic event is approaching, the indicator can display a clear notification on the chart.

Users can customize:

  • Minutes before news
  • Minutes after news
  • Impact level to monitor
  • Enable or Disable News Filter
  • Impact Level Selection
  • Currency Selection
  • News Display Position
  • Number of Events
  • Update Interval
  • News Marker Display
  • News Panel Display

This feature helps traders remain aware of scheduled economic announcements during trading sessions.

    Compatible Timeframes

    Compatible with all MetaTrader 5 chart timeframes.

    Easy to Use

    Simply attach the indicator to any chart.

    The indicator will:

    • Display the trend ribbon.

    • Load upcoming economic news automatically.

    • Update news information periodically.

    • Show news markers on the chart.

    • Notify when selected news events are approaching.

      Important Information

      This indicator is intended to provide technical and economic market information only. It does not generate guaranteed trading results or financial advice.

      Trading in leveraged financial markets involves risk. Past performance does not guarantee future results. Always evaluate market conditions carefully and use appropriate risk management before making trading decisions.

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