i-bul jerk indicator
Info
The i-bul jerk indicator is a Script for MetaTrader 4 that this indicator displays historical and current trading signals based on measuring the price movement over a specified number of bars. it identifies entry points against the prevailing price direction.
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-bul jerk 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 displays historical and current trading signals based on measuring the price movement over a specified number of bars.
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: open order with trade management - another powerful script for MetaTrader 4 traders.
this indicator displays historical and current trading signals based on measuring the price movement over a specified number of bars. it identifies entry points against the prevailing price direction. the concept for these entries is derived from a modification of the 'bulldozer' expert advisor. configurable parameters: - numberofbars: sets the number of bars for calculation (0 for all bars). default is 1000. - numbofbars: determines the number of bars required for a signal. default is 3. - pricedistance: specifies the price distance in points that must be covered within the signal bars. default is 50.Also recommended: get comma separated things from string - similar script with strong performance on MetaTrader 4.
You may also like: em a and sm m a are identical - 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 1
#property indicator_width2 1
extern int NumberOfBars = 1000; // Количество баров обсчёта (0-все)
extern int NumbOfBars = 3; // Количество сигнальных баров.......
⚠ 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.