How do I install this Indicator on MetaTrader 5?

Download the file, open MetaTrader 5 -> File -> Open Data Folder, copy the file to the correct folder (Experts / Indicators / Scripts / Libraries), then restart the terminal.

How do I activate / load this Indicator?

Drag the Indicator from the Navigator onto your chart and adjust the input parameters as needed.

Is this compatible with MetaTrader 5?

Yes, this Indicator is built specifically for MetaTrader 5.

Is this Indicator safe to use with real money?

All tools are provided for educational and testing purposes. We strongly recommend testing on a demo account first. Trading involves significant risk of loss.

Can I use this Indicator on multiple charts?

Yes, you can apply multiple indicators on the same chart.

Can I customize the settings of this Indicator?

Yes. Right-click on the chart and select properties to open and adjust parameters.

Free Xpoints Indicator Indicator for MetaTrader 5

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Xpoints Indicator

Info

The Xpoints Indicator is a Indicator for MetaTrader 5 that the xpoints indicator predicts possible reversal points in the market. An interesting pattern can be observed on the EURUSD chart, where certain bars exhibit specific features before a reversal.

Usage

This tool is typically used for enhancing chart analysis and decision making.

Platform

This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).

Setup

Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.

How to Install and Use Xpoints Indicator

1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.

2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.

3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.

4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.

Frequently Asked Questions

Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."

Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).

Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.

What this tool does

The Xpoints indicator predicts possible reversal points in the market.

Typical Use Case

This Indicator excels in automated trading and technical analysis on MetaTrader 5.

Compatible Platform & Setup

This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.

Description & Settings

Related: Previous Day High, Low, and Close Indicator - another powerful indicator for MetaTrader 5 traders.

The Xpoints indicator predicts possible reversal points in the market. An interesting pattern can be observed on the EURUSD chart, where certain bars exhibit specific features before a reversal. These features include a rate significantly greater than 1, calculated as the difference between the high and low divided by the absolute difference between the close and open. Additionally, the lowest point of these bars may touch the bottom of the channel, indicating possible price growth, or the highest point may touch the top of the channel, indicating possible price fall. These bars are referred to as Xpoints. The indicator identifies Xpoints based on the Xrate parameter, which considers the rate, size, and minimum up or down movement.

Also recommended: Quantora ADR Calculator MT5 - Professional Average Daily Range Indicator for MetaTrader 5 - similar indicator with strong performance on MetaTrader 5.

The indicator filters out false signals by analyzing the bar that follows the Xpoint for price movement in the predicted direction, as well as the position of bar midpoints relative to the channel center and each other. The indicator has input parameters that allow for customization. It is essential to note that the indicator may produce false signals, so additional filtering using other indicators or treating the signals as warnings against opening positions that contradict the prediction is necessary.

Time filtering of signals has been added, with night signals ignored by default. Testing has revealed that the Ixndent parameter can be used to accurately calculate the opening moment, allowing for the approximation of the opening to the point of a local extremum. For example, open short positions when the price is above the arrow and vice versa.

The Xpoints indicator was first implemented in MQL4 and published on 07.06.2026.

You may also like: Session High-Low Indicator for MetaTrader - excellent alternative for indicator users on MetaTrader 5.

Source Code

#property copyright "robotfx"
#property link "https://robotfx.org"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property version   "1.00"
#property indicator_chart_window 
#property indicator_buffers 5 
#property indicator_plots   5
#property indicator_type1   draw_line
#property indicator_color1 clrblueviolet
#property indicator_style1  style_solid

.......

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⚠ Limitations & Risk Warning

This tool is provided for educational and testing purposes only.
Past performance does not guarantee future results.
Trading involves substantial risk of loss. Use on a demo account first.
Results may vary depending on market conditions, broker, and settings.
We recommend thorough backtesting and forward testing before using with real funds.