Live Economic Calendar by toodegrees

The Live Economic Calendar indicator integrates real-time, upcoming, and past financial news directly onto your chart to help analysts prepare for market-moving events. It provides a clear visual understanding of scheduled volatility injections, allowing traders to either harness these movements or avoid them to ensure higher probability market conditions.

Usage

The Usage section describes how the script can be used to track fundamental events across various markets.

• News Table: Displays a chronological list of events including the date, time, currency, expected impact, and news name. Past events are greyed out to focus attention on upcoming data.
• News Lines: Vertical lines are plotted on the chart. Future lines help anticipate upcoming releases, while past lines assist in backtesting price reactions to historical news.
• News Labels: Color-coded labels provide minimalist visual cues at the exact time of release. Hovering over these labels reveals detailed tooltips about the specific news event.
• Impact Filtering: Users can toggle visibility for Holiday (White), Low (Yellow), Medium (Orange), and High (Red) impact events to declutter the workspace.
• Currency Selection: The tool can automatically detect relevant news for the current chart symbol or allow for custom selection of major currencies (AUD, CAD, CHF, CNY, EUR, GBP, JPY, NZD, USD).

Details

The indicator utilizes custom data integration to fetch news feeds ranging from January 2007 to the present. Because news data must be converted into numerical values for processing, the script employs a specialized encoding system (DCHHMMITYP format) to store day, currency, time, impact, and event IDs.

The data is updated daily at the Futures market close (16:00 EST) to ensure accuracy and to account for last-minute revisions. To overcome platform limitations regarding future data, news events are uploaded one week in advance, allowing the script to plot upcoming volatility markers before they occur.

Settings

Timezone

• Custom Timezone: Enables manual adjustment of the news time.
• UTC Offset: Adjusts the hours and minutes to match your local chart timezone (default is New York EST).

Expected Impact

• Impact Toggles: Individual checkboxes to show or hide news based on impact levels (High, Medium, Low, Holiday).

Currencies

• Automatic: Automatically filters news based on the active chart symbol.
• Individual Currency Toggles: Manually select which global markets to monitor.

News On Chart

• Chart History: Options to display news for "Today," "This Week," or a "Manual" number of lookback days.
• Show Labels/Lines: Toggles the visibility of visual markers on the price action.
• Visual Customization: Adjust label size, position (Above/Below/Auto), line style (Solid/Dashed/Dotted), and line weight.

News Table

• Show Table: Toggles the visibility of the data table.
• Table Type: Switch between viewing only today's events or the entire week.
• Appearance: Comprehensive settings for colors (header, background, text), position (Left/Center/Right), and table size.

FAQ

How do I access the Live Economic Calendar? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.

Why does some data disappear on the Daily chart? Due to data limitations, the daily timeframe may omit some events when the market is closed. It is recommended to use the indicator on intraday timeframes for the best accuracy.

Is the news time adjusted to my local time automatically? By default, the news is in New York EST. You must use the "Custom Timezone" settings to align the news events with your specific chart timezone.