i-any range indicator
Info
The i-any range indicator is a Script for MetaTrader 4 that indicator for arbitrary time intervals. this is an intraday indicator, meaning it shows the range of trading intervals within a trading day.
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 i-any range 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
indicator for arbitrary time intervals.
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: i-Any Range Indicator - another powerful script for MetaTrader 4 traders.
indicator for arbitrary time intervals.this is an intraday indicator, meaning it shows the range of trading intervals within a trading day. the principle of operation is as follows. two time points are taken from external parameters, and the minimum and maximum between them are determined. the indicator will show these extremes as horizontal lines. the indicator is convenient to use for testing both breakout and reversal strategies.
Also recommended: hi-lo range oscillator and middle point channel - similar script with strong performance on MetaTrader 4.
the following parameters can be configured in the indicator:
- time1="02:00" - time point 1;
- time2="07:00" - time point 2;
- ndays=0 - number of days to calculate (0 - all).
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 indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 LightBlue
#property indicator_color2 Salmon
#property indicator_width1 2
#property indicator_width2 2
extern string Time1 = "02:00"; // Временная точка 1
extern string Time2 = "07:00"; // Временная точка 2.......
⚠ 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.