price movement statistics: amplitude analysis
Info
The price movement statistics: amplitude analysis is a Script for MetaTrader 4 that the report file is located in the directory: metatrader 4\experts\filesthe file name format is as follows:symbol_period---date of the first bar in history--date of the last bar in history. txtan example is provided for reference.
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 statistics: amplitude analysis
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 report file is located in the directory: metatrader 4\experts\filesthe file name format is as follows:symbol_period---date of the first bar in history--date of the last bar in history.
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.
the report file is located in the directory:Also recommended: vr atr lite: price potential indicator - similar script with strong performance on MetaTrader 4.
metatrader 4\experts\files
the file name format is as follows:
symbol_period---date of the first bar in history--date of the last bar in history.txt
an example is provided for reference.
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.