The data for news events are taken from the website forex factory
There are other websites that you can use but I prefer this one due to the previous data that it contains,
and it comes useful when backtesting a new strategy or a model
[2] What does it stand for?
These events are used by the algorithm as a 'smoke screen' to trigger a sentiment shift and liquidate existing positions of traders
Price is either consolidating or expanding
So we can take advantage of this information and approach the markets