RP - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
The RP (Range Position) indicator shows the price position within the range (from low to high) reached during the previous N periods.
It has four configurable parameters:
RP = 100 * (closing price - minimum value) / (maximum value - minimum value)
Where:
Attachment download
📎 rp.mq5 (9.56 KB)
Source: MQL5 #21265
RP - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
RP - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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