Extremums
This software component for MetaTrader 4 is built to enhance the capabilities of your trading environment. This script functions as a utility program designed for specific, one-time execution tasks. It is utilized to perform targeted actions, such as closing all open orders, managing chart objects, or executing custom administrative commands on demand.
How to Setup and Use Extremums
1. Installation: Move your script file into the MQL/Scripts directory and restart the platform.
2. Execution: Drag the script onto a chart; it will perform a one-time action, such as closing all open orders or clearing chart objects.
3. Editing: Use MetaEditor (F4) to modify code, click "Compile," and verify no errors appear in the terminal before running.
4. Removing: Scripts stop automatically, but you can remove them manually by right-clicking the chart and choosing "Remove Script."
Frequently Asked Questions
Q: How are scripts different from EAs? A: Scripts execute a single action and then stop; EAs monitor the market and trade continuously.
Q: Can I assign a hotkey to a script? A: Yes, right-click the script in the Navigator, select "Set Hotkey," and define your preferred keyboard shortcut.
Q: Why did my script stop? A: Scripts are designed to stop immediately after finishing their programmed command; this is normal behavior.
Description & Settings
This script makes horizontal lines, that shows max and min value of price in some time you wrote.
You can choose what script would show:
Upper lines - asks if you want to draw lines which show highs;
Bottom lines - the same about lines which show lows;
Draw hour's lines - work on one hour timeframe (H1);
Bars on hour TimeFrame - how many hours script would count;
Draw day's lines - work on one day timeframe (D1);
Bars on day TimeFrame - how many days script would count;
Draw week's lines - work on one week timeframe (W1);
Bars on day TimeFrame - how many weeks script would count.
