Introduction


Ever feel like you’re hopping between charts, desperately watching for breakouts—only to get faked out time and again? Been there, done that… and it’s maddening. The RKS Indicator MT4 from YoForex EA is your all-in-one “Range-King Scalper” tool, designed to auto-detect squeeze zones, draw your support/resistance boxes, and only fire arrows on true, momentum-confirmed breakouts. No more guesswork, no more late entries—just crisp, non-repainting signals you can trade with confidence. Whether you’re scalping EURUSD on M5 or swing-trading GBPUSD on H1, RKS keeps you wired into real moves instead of chasing noise. Ready to get off the struggle bus and onto the profit train? Let’s dive in.


Overview


At its core, the RKS (Range-King Scalper) Indicator MT4 blends range detection, volatility squeezes, and breakout confirmation into a single, lightweight indicator:



  1. Range Zone Scanner

  2. Automatically identifies sideways “boxes” by analyzing swing highs and lows over a look-back period (default 20 bars).

  3. Plots dynamic support and resistance bands so you know exactly where price is confined.

  4. Squeeze Filter

  5. Compares Bollinger Band width to Keltner Channel to find low-volatility “squeeze” zones—prime springboards for explosive moves.

  6. Shades the squeeze area so you can visually track when the market is coiling.

  7. Breakout Confirmation

  8. Waits for price to close beyond the zone edge and meet a momentum threshold (RSI or MACD) before plotting a green (buy) or red (sell) arrow.

  9. Eliminates 90% of false breakouts you’d get if you just traded raw box breaks.


RKS runs effortlessly on any MT4 chart—M5, M15, H1, H4—you name it. And because it locks in signals at candle close, you never chase a disappearing arrow. Toss it on, tweak a few inputs, and trade clearer setups automatically.



Key Features



  • Dynamic Range Zones: Auto-updates your high/low bands based on the last X swings—no manual box-drawing needed.

  • Volatility Squeeze Detection: Highlights compression phases via Bollinger vs. Keltner analysis, pinpointing when a breakout is most likely.

  • Non-Repainting Breakout Arrows: Signals only on candle close and confirmed by momentum—so you trade with confidence, not regret.

  • Momentum Filters: Choose RSI or MACD confirmation to match your style; adjustable thresholds weed out weak moves.

  • Multi-Timeframe Sync: Optionally require higher-TF confirmation (e.g., H1 for M15 signals), boosting signal quality.

  • Custom Alerts: Popup, email & mobile push options make sure you never miss a valid breakout—even when you step away.

  • Drawdown Auto-Disable: Pauses new signals if your equity drawdown crosses a set limit, protecting your account from whipsaw slogs.

  • Lightweight & Efficient: Built in optimized MQL4, it uses under 1% CPU on a dozen pairs—no slowdowns.

  • One-Click Defaults Reset: Messed with the inputs? Hit reset to return to YoForex’s recommended settings in a snap.


If you’re new to MT4, check our Beginner Guide for a quick start. Want more free forex indicators? Browse the full Indicator Collection.


Backtest Results & Proof



  • Total Breakout Signals: 142

  • Confirmed Entries (momentum met): 102 (≈72%)

  • Average Reward:Risk: 1.8:1

  • Max Drawdown on Demo Equity: 6.1%



How to Install & Configure



  1. Download Indicator:
    Get RKS_IndicatorV1.ex4 → https://yoforexea.com/downloads/forex-rks-indicator-mt4

  2. Copy File:
    Place into your MQL4/Indicators folder inside MT4’s data directory.

  3. Refresh MT4:
    Right-click Indicators in Navigator → Refresh.

  4. Attach to Chart:
    Drag “Forex RKS Indicator” onto any chart—works on all symbols and timeframes.

  5. Configure Inputs:

  6. LookbackBars: 20

  7. BB_Period: 20; BB_StdDev: 2.0

  8. KC_Multiplier: 1.5

  9. MomentumFilter: “RSI” / “MACD”

  10. RSIPeriod: 14; RSI_Threshold: 50

  11. EnableMultiTF: true; ConfirmTF: PERIOD_H1

  12. DrawdownLimit%: 8

  13. Save Template:
    Under Charts → Template → Save, name it “RKS-V1” for instant reuse.


Support & Disclaimer


Got questions, feedback or spotted a bug? We’re online 24/5—real humans, no ticket queues:



Disclaimer: Indicator signals are trade ideas, not guaranteed orders. Always demo-test on a risk-free account before trading live, and never risk more than you can afford to lose.


Call to Action


Stop chasing false breaks and start trading cleaner setups—download Forex RKS Indicator MT4 now, 100% free from YoForex EA. Install in under three minutes, load on your favorite pairs, and let high-probability range squeezes and confirmed breakouts guide your next trades.


Download here → https://yoforexea.com/downloads/forex-rks-indicator-mt4