Tail Bar Indicator For MT5

The Tail Bar indicator for Metatrader 5 displays bullish and bearish tail bars in a dedicated chart window.

It’s a price pattern that can help traders to enter and exit trades with better precision.

A positive tail bar is colored sea-green while a negative tail bar colored magenta.

This indicator provides customization options to suit individual preferences: tail bar up color, tail bar down color.

To maximize its effectiveness, the Tail bar indicator is best used in conjunction with other price action techniques and strategies.

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tail_bar.mq5 Indicator (MT5)

Chart Example

The following picture displays how the Tail Bar indicator looks like when applied to the MT5 chart.

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tail_bar.mq5 Indicator (MT5)

Frequently Asked Questions

How Do I Install This Custom Indicator On Metatrader 5?

  • Open the MT5 trading platform
  • Click on the File menu button located at the top left part of the platform
  • Click on Open Data Folder > MQL5 folder > Indicators
  • Copy the tail_bar.mq5 indicator file in the Indicators folder
  • Close and restart the trading platform
  • You will find the indicator here (Navigator window > Indicators)
  • Drag the indicator to the chart to get started with it!

How Do I Edit This Indicator?

  • Click in the open chart with your right mouse button
  • In the dropdown menu, click on Indicator List
  • Select the indicator and click on properties
  • Now you can edit the inputs, colors, levels, scale and visualization
  • Finally click the OK button to save the new configuration