MT5 has a range of tools for analysing market including technical indicators. Technical indicators were designed for real markets however they can be used to analyse Synthetic markets. As with any market, analytical tool do not predict, but may provide a basis for making a trade. The Indices form patterns as well, providing another basis for analysing these market. The trader can use chart price types such as candlestick charts if they wish, and thus use the wide range of analysis techniques based on these, such as candlestick chart analysis. MT5 in fact has an expanded range of tools compared with the basic MT4, including more inbuilt technical indicators, graphical objects and time frames.
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About Volatity Indices Trading