MT5 charting tools: How to analyse markets with confidence

Charting is at the centre of most trading decisions. Whether trader rely on price action, technical indicators, or a combination of both, the quality and flexibility of their charting environment directly affects how well they can read the market. MT5 offers one of the most comprehensive charting toolkits available on any retail platform.

21 timeframes for greater precision

MT5 provides 21 timeframes, ranging from one-minute charts all the way up to monthly views. This includes intermediate timeframes like 2-minute, 3-minute, 6-hour, and 12-hour charts that are not available on MT4. For traders who work across multiple timeframes to confirm entries and exits, this added granularity can make a meaningful difference.

80+ built-in indicators

The platform comes with over 80 pre-installed technical indicators, covering trend, oscillator, volume, and Bill Williams categories. Popular tools like Moving Averages, RSI, MACD, Bollinger Bands, and Ichimoku are all available out of the box. Traders can also layer multiple indicators on a single chart or apply them to separate sub-windows for clearer visual analysis.

Beyond the built-in options, the MQL5 community offers thousands of custom indicators that can be downloaded and installed directly within the platform.

44 analytical objects

MT5 includes 44 graphical objects for annotation and analysis. These include trendlines, channels, Fibonacci retracements, Elliott Wave tools, Gann lines, and geometric shapes. Each object can be customised in terms of colour, thickness, and style, and can be saved as part of a chart template for reuse.

Chart types and customisation

Traders can view price data as bar charts, candlestick charts, or line charts. Charts support unlimited scrolling, auto-scroll, and crosshair mode for precise measurement between price points. One-click trading can also be enabled directly from the chart window, allowing traders to place orders without switching to a separate trade panel.

For traders who monitor multiple instruments or timeframes simultaneously, MT5 supports detachable chart windows that can be moved to secondary monitors – a practical feature for multi-screen setups.

Currently, FXCM does not offer the MT5 platform. Traders may use MT4, which is currently available.

[Disclaimer] The articles above are purely personal opinions and are not intended to be investment advice. Only for the purpose of mutual learning and sharing. There is no express or implied warranty regarding the accuracy or completeness of the above-mentioned information. Anyone who relies on the information, ideas, or data contained in this article does so entirely at their own risk.

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