Technical analysis in MetaTrader 5
The MetaTrader 5 app for iPhone/iPad and Android allows performing full-featured technical analysis on Forex and stock markets using built-in market analysis tools. Convenient and interactive price charts allow you to analyze currency and stock price performance in short and long intervals. Select the most suitable chart display method (bars, Japanese candlesticks, or line), scale it, and switch between the nine available timeframes – from one minute to one month. This will allow you to monitor the price movement of a financial instrument in real time and analyze long-term trends.
The market analysis tools built into the MetaTrader 5 platform include technical indicators that can automatically forecast currency and stock quotes based on mathematical transformation of prices and volumes. Indicator signals play a significant role when you make a trading decision.
The MetaTrader 5 mobile version features 30 preset technical indicators – trend following, oscillators, volume, and Bill Williams' indicators. All indicators can be applied directly on price charts or opened in a separate window. Proper combination of indicators from these groups may improve the forecast accuracy and allow you to analyze quotes from all angles.
Analytical objects are designed to detect trends, build channels, and identify cycles and support/resistance levels. The application features 24 analytical objects – lines, channels, geometric shapes, as well as Gann, Fibonacci, and Elliott tools. Such tools can be applied also on price charts. However, unlike technical indicators, graphical objects should be plotted manually.
All these tools allow you to perform technical market analysis on Forex, stock markets, and CFDs. The MetaTrader 5 mobile platform has everything you need to make informed trading decisions!