Scale All Charts Utility for MT4/MT5
Info
The Scale All Charts Utility for MT4/MT5 is a Script for MetaTrader 4 that utility to scale all open charts in the metatrader platform. Two scripts are provided for scaling all charts:The 'scale auto all' script sets all open charts to use automatic scaling.
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 Scale All Charts Utility for MT4/MT5
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
Utility to scale all open charts in the MetaTrader platform.
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: Renko Indicator Without Offline Charts - another powerful script for MetaTrader 4 traders.
Utility to scale all open charts in the MetaTrader platform.Also recommended: three-line break charts explained - similar script with strong performance on MetaTrader 4.
Two scripts are provided for scaling all charts:
The 'scale auto all' script sets all open charts to use automatic scaling.
The 'scale fix all' script sets all open charts to use fixed scaling. When selecting fixed scaling, one option must be specified: 'percent of current price'. This option scales the chart to a height equal to the specified percentage of the current price and centers the current price vertically within the view.
Simultaneously fixing the scale on multiple charts significantly reduces manual effort. When all charts share the same vertical scale, it becomes straightforward to identify which currency pairs are exhibiting the largest price movements.
You may also like: set symbol on charts - excellent alternative for script users on MetaTrader 4.
Source Code
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⚠ 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.