MultiChart Visual Analyzer
Info
The MultiChart Visual Analyzer is a Script for MetaTrader 4 that the multichart visual analyzer is a script that creates three primary graphical objects on your chart: two vertical lines and a linear regression. When you move any of these three objects, the connected objects are automatically repositioned on the chart.
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 MultiChart Visual Analyzer
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
The MultiChart Visual Analyzer is a script that creates three primary graphical objects on your chart: two vertical lines and a linear regression.
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: Transaction Visualization on Chart from Report - another powerful script for MetaTrader 4 traders.
The MultiChart Visual Analyzer is a script that creates three primary graphical objects on your chart: two vertical lines and a linear regression.Also recommended: scripts for placing stop and limit orders - similar script with strong performance on MetaTrader 4.
When you move any of these three objects, the connected objects are automatically repositioned on the chart.
This script is designed to operate across multiple charts simultaneously. When run on several charts, you can move objects in any of them, and the positioning of the connected objects will be updated on all charts.
The MultiChart Visual Analyzer is not dependent on the chart's timeframe.
The image below demonstrates the script's functionality with the EURUSD (M5), GBPUSD (M15), and USDCHF (H1) pairs.
You may also like: Automated Order Execution with Risk Management (MT4/MT5) - excellent alternative for script users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#define id "mcva script"
#define vline1_name "mcva vl1_time"
#define vline2_name "mcva vl2_time"
#define linreg_name "mcva lr"
datetime glvar_prv_time1;
datetime glvar_prv_time2;
datetime glvar_cur_time1;
datetime glvar_cur_time2;.......
⚠ 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.