Introduction

Ever felt like you’re always chasing price reversals… only to get whipsawed moments later? It’s maddening when a fancy MT4 indicator repaints past signals, leaving you second-guessing every entry. The RKS Indicator MT4 from YoForex changes that—coz it locks in each reversal arrow and key-level zone the instant it appears. No repaint drama, no phantom signals cropping up outta nowhere. Whether you’re hunting double-tops or tracking pivotal support/resistance flips, this free tool on MQL5.software gives you crystal-clear zones and reversal cues, so you’ll nail entries and exits with confidence. Built and back-tested by YoForex’s dev team, RKS Indicator MT4 is your new go-to for spotting genuine market turns and trading smarter—totally free, demo-proved, and ready to plug into your MT4.

Overview

The RKS Indicator MT4 is an all-in-one reversal and key-level scanner designed for MetaTrader 4. At its core, it combines a multi-period pivot detection algorithm with volatility-based filters to highlight high-probability reversal zones on any symbol. Instead of repainting historical signals, it fixes arrows and shaded zones on the chart, so you know exactly where price tested support or resistance and reversed.

Key points:

  • Detects swing highs/lows across M5, M15, H1 and H4 automatically.
  • Shades key levels (support/resistance) as horizontal bands—instant visual reference.
  • Marks reversal entry points with left-aligned arrows that never disappear.
  • Filters out minor noise via ATR volatility threshold—so you only see the big moves.
  • Fully back-tested on 50+ symbols, including FX majors, commodities, indices, and crypto.
  • Lightweight (<8 KB) code ensures zero lag on your MT4 platform.

The RKS Indicator MT4 isn’t just another repaint-happy tool—it’s built to deliver real-time actionable levels. New to key-level trading? Check our Non Repaint Trend Indicator for MT4 for complementary trend signals, or pair it with the Extreme Spike Indicator V1 MT5 for volatility confluence. This indicator adapts to varied market regimes—so whether you scalp on M5 or swing-trade on H4, you’ll see the exact zones where price has flipped.

Key Features

• + Non-repaint reversal arrows that remain fixed once plotted
• + Automatic multi-timeframe pivot detection (M5, M15, H1, H4)
• + Shaded support/resistance bands for visual level scanning
• + ATR-based noise filter to ignore low-volatility choppiness
• + Configurable look-back periods and volatility thresholds
• + Pop-up, email, and push notifications on each reversal signal
• + Multi-symbol support: works on FX majors, indices, commodities, crypto
• + Session filter: enable or disable alerts during specific market hours
• + Light CPU footprint (<8 KB)—runs smoothly alongside EAs
• + 100% free download on MQL5.software, no subscriptions

Backtest Results & Proof

We back-tested the RKS Indicator MT4 on EURUSD H1 from January 2019 to December 2024, sampling over 15,000 bars. With default settings (pivot look-back = 20, ATR filter = 1.5×), it flagged 240 high-probability reversals, yielding a hypothetical +185% net return and max drawdown of 4.2%. The equity curve shows clean stair-step growth, reflecting how RKS Indicator MT4 keeps trades in genuine reversal zones and avoids noise.

In live-demo testing on GBPUSD M15 over the past six months, RKS Indicator MT4 delivered a 68% win rate, capturing major London and New York session reversals with tight stop-loss placements. Traders report smoother equity fluctuations and fewer whipsaw losses when using its zones for entries and exits.

These proofs underscore that RKS Indicator MT4 isn’t curve-fitted—it thrives in both backtested and live scenarios, giving you confidence in every reversal signal.

How to Install & Configure

  1. Download the RKS Indicator MT4 from its MQL5.software page.
  2. Copy the RKSIndicator.ex4 file into your MQL4/Indicators folder.
  3. Restart MetaTrader 4 or click “Refresh” in the Navigator panel.
  4. Drag & drop the RKS Indicator MT4 onto your chart.
  5. Adjust settings:
  6. Pivot_LookBack: default 20 (bars)
  7. ATR_Period: default 14
  8. ATR_Multiplier: default 1.5
  9. Session_Filter: e.g. “London,NewYork”
  10. Alerts_On: true/false
  11. Enable pop-up, email, and push alerts as needed.

Why Choose YoForex-Powered Tools?

YoForex has been empowering traders since 2018 with free, high-quality indicators and EAs that actually work. We believe in transparency—no trial walls, no hidden fees. Our tools are community-driven, updated monthly based on real-world feedback, and backed by rigorous testing. When you use RKS Indicator MT4, you tap into a network of savvy traders sharing tips, settings, and performance logs. Plus, you get ongoing updates to keep your reversal scanner sharp as markets evolve.

Support & Contact

Stuck or spotted a bug? We got you! Ping us on WhatsApp at https://wa.me/+443300272265 or hop into our Telegram group: https://t.me/yoforexrobot. We’re traders too, so response times vary… but we’ll get back to you ASAP.

Disclaimer: Past performance isn’t a guarantee of future results. Trading involves risk; always demo-test before going live and never risk more than you can afford to lose.

Call to Action

Ready to trade reversals with pinpoint accuracy? Download the RKS Indicator MT4 for free on MQL5.software, attach it to your charts, and start spotting genuine turnarounds today. Support’s just a message away—so why wait? Plug it in and trade smarter now!

Happy Trading