One of the obvious advantages of the fifth-generation platform is its analytical part. Real-time price charts provide a much wider functionality.
Customization and 21 Timeframes
Charts in the platform have a variety of different settings, so that traders can customize them and adapt to their personal needs. The trading terminal supports three types of charts: a broken line, a sequence of bars and Japanese Candlesticks. You can set a separate color to any item in the chart to create the most comfortable workspace for long-term work. In comparison with the fourth version of the platform, MetaTrader 5 supports more that twice as many chart periods. Now 21 timeframes are available.
The standard delivery pack of the trading terminal includes 38 technical indicators. They are conveniently grouped in the Navigator based on their type: Trend Indicators, Oscillators, Volume Indicators, and Bill Williams’ Indicators. Available indicators include Bollinger Bands, Envelopes, Moving Average, Parabolic SAR, Standard Deviation, Ichimoku Kinko Hyo, MACD, Bulls Power, Bears Power, Alligator, Awesome Oscillator, and many others.
The number of third-party indicators is practically unlimited. A large number of indicators are available for download from the Code Base and can be purchased in the Market in just one click.
The list of available analytical tools has been greatly expanded. Now the fifth version of the terminal offers 46 objects, including Elliott, Fibonacci and Gann tools, graphical objects (including objects for interactivity with MQL5 programs), shapes, channels, lines, etc.