Scripts for Working with Horizontal Levels on MT4/MT5 Charts
Info
The Scripts for Working with Horizontal Levels on MT4/MT5 Charts is a Script for MetaTrader 4 that this utility provides three scripts designed to streamline the process of working with horizontal levels on your trading charts. The primary need addressed is determining the precise distance in points between two defined levels, such as the current day's high and low.
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 Scripts for Working with Horizontal Levels on MT4/MT5 Charts
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 utility provides three scripts designed to streamline the process of working with horizontal levels on your trading charts.
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: scripts for placing stop and limit orders - another powerful script for MetaTrader 4 traders.
This utility provides three scripts designed to streamline the process of working with horizontal levels on your trading charts.Also recommended: account and market information scripts - similar script with strong performance on MetaTrader 4.
The primary need addressed is determining the precise distance in points between two defined levels, such as the current day's high and low.
To achieve this without manual calculation, follow these steps:
1. Use the `lines_create` script. This script will draw two horizontal lines on your chart: one green and one red.
2. Manually position the green line at your desired upper level and the red line at your desired lower level.
3. Execute the `lines_rasst` script. This script is designed to display the point difference between the two horizontal lines you have placed.
Important Note on `lines_rasst` Execution:
To ensure the distance label appears correctly, after launching the `lines_rasst` script, you must perform a single left-click on the chart window. Without this additional click, the label indicating the distance may not be displayed, and the script will unload from memory after approximately 5 seconds. This behavior is specific to the MetaTrader terminal's implementation.
The `lines_delete` script is provided to remove the two horizontal lines from the chart after you have obtained the required distance information.
These scripts were developed to assist traders in 2026.
You may also like: id t trading scripts for metatrader 4/5 - excellent alternative for script users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#include <errors.mqh>
/*
2 15 .
up_level down_level
, .
*/
int start()
{.......
⚠ 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.