The WATR Indicator MT5 is a popular and free Forex indicator that is useful for traders of all levels. It is designed to help traders identify profitable trading opportunities in the Forex market. The indicator uses a combination of technical indicators to analyze price action and generate trading signals. The indicator can also be used to identify support and resistance levels and to identify trend reversals. The indicator is highly customizable and can be tailored to fit the trading style of the individual trader.