Price Movement Amplitude Statistics
Info
The Price Movement Amplitude Statistics is a Script for MetaTrader 4 that this indicator calculates and stores statistics on the amplitude of price movement. The output is saved to a file in the \metatrader 4\experts\files\ directory.
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 Price Movement Amplitude Statistics
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 calculates and stores statistics on the amplitude of price movement.
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: VR Alert Lite: Price Level Notification Indicator - another powerful script for MetaTrader 4 traders.
This indicator calculates and stores statistics on the amplitude of price movement. The output is saved to a file in the \metatrader 4\experts\files\ directory.Also recommended: vr atr lite: price potential indicator - similar script with strong performance on MetaTrader 4.
The filename format includes:
- Symbol
- Period
- Date of the first historical bar
- Date of the last historical bar
Example: SYMBOL_PERIOD---YYYYMMDD_YYYYMMDD.txt
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
int start()
{
int massage = 1;
int bars = bars;
double amp_hl_max, amp_hl_min, amp_hl_avg, amp_hl_total;
double amp_oc_max, amp_oc_min, amp_oc_avg, amp_oc_total;
double amp_wick_max, amp_wick_min, amp_wick_avg, amp_wick_total;
double amp_wick_max_up, amp_wick_min_up, amp_wick_avg_up, amp_wick_total_up;.......
⚠ 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.