How do I install this Script on MetaTrader 4?

Download the file, open MetaTrader 4 -> 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 Script?

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

Is this compatible with MetaTrader 4?

Yes, this Script is built specifically for MetaTrader 4.

Is this Script 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 Script on multiple charts?

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

Can I customize the settings of this Script?

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

Free Gann's Cycle Levels Indicator Script for MetaTrader 4

MetaTrader 4 script

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Gann's Cycle Levels Indicator

Info

The Gann's Cycle Levels Indicator is a Script for MetaTrader 4 that this indicator identifies and plots gann's cycle levels based on significant highs and lows. Users can manually input these highs and lows in the dialog box, specifying the points one after the other.

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 Gann's Cycle Levels Indicator

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 indicator identifies and plots Gann's cycle levels based on significant highs and lows.

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: Simple Arrow Indicator - another powerful script for MetaTrader 4 traders.

This indicator identifies and plots Gann's cycle levels based on significant highs and lows.

Users can manually input these highs and lows in the dialog box, specifying the points one after the other.

Also recommended: collaps expert advisor - similar script with strong performance on MetaTrader 4.

Additionally, the script settings offer control over plotting levels corresponding to 30, 45, and 90-degree steps, providing flexibility in visualizing these critical levels.

Source Code

#property copyright "robotfx"
#property link "https://robotfx.org"
#property show_inputs
extern double point_1=1.9499;//  high/low
extern double point_2=1.9880;//  high/low
extern bool   step_45=true;//     45 
extern bool   step_30=true;//     30 
extern bool   step_90=true;//     90 
double l_0, l_1, a, b, d,
       lup_45, lup_135, lup_225, lup_315,

.......

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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.