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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
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