RPoint Indicator (MT4) - Free Download - Best Forex Indicators

Introduction to the RPoint Indicator

The RP Indicator is a forex trading tool that displays X-points reversal on the charts.

The indicator works in a similar manner to Zig Zig, on the basis of HiLo.

Forex entry points of that gauge should be supported with the help of some other technical analysis filters.

It fits most kinds of timeframes and all currency pairs.

The default indicator settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.

How to set up the RPoint indicator in MT4?

Installation Guide

Copy and paste the forecasting-indicator.mq4 or forecasting-indicator.ex4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.

You can gain access to this folder by clicking the top menu options, that goes as follows:

File > Open Data Folder > MQL4 > Indicators (paste here).

Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.

Bottom Line

The RPoint indicator is well worth adding to your trading collection but remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.