MT5 Setka Indicator
Platform: MT5 Type: Market Levels Last update: February 22, 2026The Setka Indicator for MT5 is responsible for displaying a grid, which is helpful for understanding important market levels (with right parameters).
Example chart:
How to use the MT5 Setka Indicator?
The use case for MT5 Setka Indicator is based on concept that meaningful price action happens at certain price levels and at given time.
This indicator helps you quickly to:
- identify the start and end of the day (as well as the week and month)
- view the period’s high and low prices with great accuracy
- assess the magnitude and direction of price movement
- track exchange opening times
- monitor major news release times
In the settings tab, there are the following customizable parameters:
- Step – vertical grid step in points (defualt: 250)
- Figure – figure step (default: 1000)
