extremums
Info
The extremums is a Script for MetaTrader 4 that 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.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Script works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Scripts folder via File ? Open Data Folder in MetaTrader 4.
How to Install 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.
What this tool does
this script makes horizontal lines, that shows max and min value of price in some time you wrote.
Typical Use Case
This Script excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Script works on MetaTrader 4. Place the file in the MQL4/Scripts folder and restart the terminal.
Description & Settings
Related: Mod Stop Reverse EA with Trailing Orders and Break-Even Levels - another powerful script for MetaTrader 4 traders.
Also recommended: Transaction Visualization on Chart from Report - similar script with strong performance on MetaTrader 4.
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.
You may also like: equivolume and range-bars in the strategy tester - excellent alternative for script users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.20"
#property strict
#property script_show_inputs
input bool up=true;//upper lines
input bool down=true;//bottom lines
input bool h=true;//draw hour's lines
input int h_b= 24;//bars on hour timeframe
input bool d = true;//draw day's lines.......
⚠ 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.