Forex Nick Rypock Trailing Reverse Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Nick Rypock Trailing Reverse Indicator. Judging by its name, it is built around trailing stops. It draws arrows on the chart and shows an on-chart panel. It has 2 settings, for example Average Period (default 10) and Count Bars (default 300). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 1 indicator file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Forex Nick Rypock Trailing Reverse Indicator
Forex Nick Rypock Trailing Reverse Indicator is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart and shows several symbols in one panel. It has 2 settings, such as Average period and Count bars. MQL source code included.
Files in the download: installation manual.txt, NRTR.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Average period | 10 | Period or timeframe used by the calculation |
| Count bars | 300 |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Trailing Stop & Break-even · Buy/Sell Arrows · Dashboards & Scanners · MT4 Indicator · MQL4 Source Code