SAR Forex Signal Indicator For MT5

The SAR Forex Signal indicator for Metatrader 5 is a popular buy & sell technical tool that’s always active in the market.

SAR stands for stop and reverse.

As the name suggests, the indicator is always in the market, either with a buy or sell signal.

The SAR Forex Signal indicator works for any trade style.

The following indicator inputs can be adjusted to suit your personal preferences: SAR price increment step, maximum value of step.

First, familiarize yourself with this technical indicator and test it on a demo account.

It supports all time frames and Forex pairs.

The following chart shows what the SAR Forex Signal indicator looks like when applied to the MT5 chart.

Find a simple trading example below:

Buy Signal

The start of the blue colored SAR cloud is a bullish signal.
Open a buy order and place a stop loss 3 pips below the blue cloud.
Exit the buy trade when a bearish trading signal occurs on the chart (orange cloud).

Sell Signal

The start of the orange colored SAR cloud is a bearish signal.
Open a sell order and place a stop loss 3 pips above the orange cloud.
Exit the sell trade when a bullish trading signal occurs on the chart (blue cloud).

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 SAR Color Filling Right zone.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?