Thrust Bar
Info
The Thrust Bar is a Indicator for MetaTrader 5 that indicator thrust bar displays on the price chart the long "persistent" bars. The indicator has eight configurable parameters:Indicator mode- indicator calculation modeATR - by ATRPoints - calculating by the bar size in pointsATR period- ATR calculation period (for Indicator mode = ATR)ATR multiplier/Size candle in points- ATR multiplier (for Indicator mode = ATR), or the candle body size in points (for Indicator mode = Points)Use long side- show the bullish bars foundUse short side- show the bearish bars foundUse alerts- use alertsSend push-notifications- send push notifications to your mobile device.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Thrust Bar
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
Indicator Thrust Bar displays on the price chart the long "persistent" bars.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Williams Thrust - another powerful indicator for MetaTrader 5 traders.
Indicator Thrust Bar displays on the price chart the long "persistent" bars.
The indicator has eight configurable parameters:
Also recommended: SA R Color Alert - similar indicator with strong performance on MetaTrader 5.
Indicator mode
- indicator calculation mode
ATR
- by ATR
Points
- calculating by the bar size in points
ATR period
- ATR calculation period (for Indicator mode = ATR)
ATR multiplier/Size candle in points
- ATR multiplier (for Indicator mode = ATR), or the candle body size in points (for Indicator mode = Points)
Use long side
- show the bullish bars found
Use short side
- show the bearish bars found
Use alerts
- use alerts
Send push-notifications
- send push notifications to your mobile device
You may also like: Color XM A Ishimoku St Dev - indicator for Meta Trader 5 - excellent alternative for indicator users on MetaTrader 5.
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.