Tailed Template Neo Indicator V1.0 MT4

Introduction

Ever found yourself staring at a candlestick and wondering if that massive wick meant anything? Or maybe you’ve missed a trend reversal because your chart just didn’t scream “hey, the move’s done!”

Yeah, we’ve all been there…

That’s exactly why the Tailed Template Neo Indicator V1.0 for MetaTrader 4 is gaining love from traders who want a no-BS way to read price action. It helps you identify tail candles (aka wicks) in real time and interpret what they say about trend momentum, exhaustion, and reversal zones.

Even better? It’s available right now for free on ForexFactory.cc thanks to the awesome devs at YoForex.

Overview: What is the Tailed Template Neo Indicator?

The Tailed Template Neo Indicator is a price-action tool that highlights candles with long tails (or wicks), signaling potential trend reversals or momentum shifts. These tail candles often show market rejection—an early warning that bulls or bears are losing steam.

Unlike many over-complicated indicators, this one is super focused:

Highlights key candles visually

Helps you spot liquidity grabs and fakeouts

Acts as a filter for trend continuation vs exhaustion

It doesn’t matter if you’re a scalper on M1 or a swing trader on D1—this works across any timeframe and any asset.

Whether you're trading forex majors, gold, crypto, or indices... the Tailed Template Neo does its job.

Key Features of Tailed Template Neo Indicator V1.0

Let’s run through what makes this tool so useful:

Detects candles with long upper/lower tails

Visual cue on chart for rejection zones

Works on any timeframe, from M1 to daily

Compatible with all forex pairs, metals, and indices

Great for spotting fakeouts and breakout traps

Lightweight and non-repaint

Pairs beautifully with trendlines and support/resistance

Highlights exhaustion in overbought/oversold areas

Settings customizable for wick length sensitivity

Minimalist design – no messy screen

100% Free from ForexFactory.cc

Built and tested by YoForex team across live markets

Tail candles are often the secret sauce behind institutional moves. This tool helps you see what the pros see—without any fancy coding.

How Does It Work?

The indicator scans each candlestick in real-time and checks if the wick (tail) is disproportionately longer than the body. These candles are often early signs of:

Market rejection (price pushed back from a key level)

Liquidity sweeps (smart money fakeouts)

Trend reversal (buyers or sellers losing control)

Once a candle qualifies, the indicator marks it with a visual cue (color-coded dot or highlight) so you can quickly assess if the market’s gearing up for a move.

It’s price-action made visual, and that's what makes this indicator a favorite for traders who love clean charts and strong signals.

When to Use It?

The best way to use Tailed Template Neo Indicator is alongside your existing strategy. It’s not a standalone entry tool, but rather a price behavior filter that tells you when to pay attention.

Use cases:

Spotting exhaustion after strong trends

Confirming reversal setups at support/resistance

Identifying liquidity traps (false breakouts)

Adding weight to candlestick patterns like pinbars, engulfings

Avoiding entries when tails show indecision

Backtest Results & Real Market Use

You’re probably wondering—does it actually work?

Let’s check what the YoForex team uncovered during their testing phase.

Backtest Stats:

Backtest Period: Jan 2022 – July 2025

Pairs Tested: EURUSD, GBPUSD, USDJPY, XAUUSD

Timeframes: M5, M15, H1, H4

Setup: Used as confirmation with S/R zones

Accuracy Boost: Up to 22% improvement in win rate when used to filter entries

Best Results: M15 and H1 for trend reversals

They found that using the indicator as a signal filter (rather than direct entries) reduced false signals and improved trade timing—especially around volatile news hours or session opens.

Live Examples:

XAUUSD on H1: Reversal confirmation led to 9 profitable trades out of 11

GBPUSD M15: Avoided multiple fakeouts using tail candle alerts

BTCUSD H4: Marked key liquidity zones that preceded huge swings

Installation & Setup Guide (Takes 2 mins)

Step-by-step install:

Download from ForexFactory.cc

Extract the file

Open MT4 → File → Open Data Folder

Navigate to MQL4 > Indicators

Paste the .ex4 or .mq4 file

Restart MT4

Load the indicator from Navigator Panel onto any chart

Tweak wick sensitivity or color settings if you’d like

Done! You’re ready to catch those rejection candles with style.

Pro Tips from YoForex Team

Combine with trendline or zone break strategy

Use in confluence with RSI or stochastic for overbought/oversold filter

Watch for tail clusters around known levels (double confirmation)

Don’t enter blindly on a single tail—look for market context

Great filter tool before entering big news trades

Why Traders Trust YoForex Tools

When you download from ForexFactory.cc, you’re not just getting a random file off the internet. You’re getting a tool that’s:

Tested on real accounts

Backed by the YoForex brand—a leader in free trading tools

Includes lifetime updates and zero license restrictions

Has full access to community reviews, tutorials, and support

Explore more premium-free indicators in the Indicators Section or browse the Newest EAs on the platform.

Support

Having trouble loading the indicator?

Reach out via WhatsApp: https://wa.me/+443300272265
Join the Telegram Group: https://t.me/yoforexrobot

We’re happy to help with setup, strategy advice, or even custom requests.

Call to Action

Want to read the market like a pro? Start identifying real trend shifts and rejection candles today.

Download Tailed Template Neo Indicator V1.0 MT4 now—absolutely free.

Your charts are about to make a lot more sense.

YoForex – Empowering traders worldwide, one free tool at a time.

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