Period converter
Info
The Period converter is a Script for MetaTrader 4 that the script is designed to create a non-standard symbol period based on the use of the standard period. For example, to create an H3 period of the selected symbol, it is necessary to:Open the H1 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 Period converter
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 script is designed to create a non-standard symbol period based on the use of the standard period.
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: JForex OH L C data converter - another powerful script for MetaTrader 4 traders.
The script is designed to create a non-standard symbol period based on the use of the standard period. For example, to create an H3 period of the selected symbol, it is necessary to:
Also recommended: Period Converter AL L - similar script with strong performance on MetaTrader 4.
Open the H1 chart.
Attach the 'Period_converter.mq4' script from the "Scripts" folder of the "Navigator" window to the chart.
In the "General" tab flag the "Allow DLL imports" and unflag the "Confirm DLL function calls" parameter.
In the "Inputs" tab of the script set the value 3 for the "ExtPeriodMultiplier" variable (to get the period H1*3 = H3).
Press OK.
Open the H3 chart in offline mode ("File - Open Offline"). The H3 chart will be updated every 2 seconds (by default) when the H1 chart is opened and the 'Period_converter.mq4' is attached to it.
You may also like: Period Converter All Timeframes - excellent alternative for script users on MetaTrader 4.
⚠ 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.