Trading
Analysis tools and Autochartist
Last updated September 13, 2026
Autochartist
Autochartist is an advanced analytical tool that automatically charts market trends and technical patterns. It helps you identify potential entry and exit points without carrying out the full manual analysis yourself, which supports more precise trading decisions and reduces human error.
It can also execute predefined automated strategies based on selected technical patterns and indicators.
Technical analysis on the platform
MetaTrader 5 provides:
- Interactive charts across multiple timeframes
- A full library of technical indicators
- Drawing tools for support and resistance levels
- Price alerts
Technical analysis studies price movement and past patterns to form a view on future direction — support and resistance levels, potential reversal points, and entry and exit levels.
Expert Advisors
MetaTrader 5 also supports Expert Advisors (EAs) for automated trading. See MetaTrader 5 desktop essentials for how to install one.
Using these tools well
- A detected pattern is a prompt to look, not an instruction to trade. Confirm it against your own plan.
- Automated analysis has no view on your position size — risk management stays your responsibility.
- Test any EA or automated strategy on a demo account before running it on live funds.
- No analytical tool predicts the market. These tools organise information; the decision remains yours.