the wave marker script set
Info
The the wave marker script set is a Script for MetaTrader 4 that s_wavemarker_createnew- the script creates a group of graphical objects on the chart - text labels and lines for marking the elliott waves. user only needs to move the text labels using the mouse after selecting them.
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 the wave marker script set
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
s_wavemarker_createnew- the script creates a group of graphical objects on the chart - text labels and lines for marking the elliott waves.
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: fibo wave expert advisor - another powerful script for MetaTrader 4 traders.
s_wavemarker_createnew
- the script creates a group of graphical objects on the chart - text labels and lines for marking the elliott waves. user only needs to move the text labels using the mouse after selecting them. the number of graphical object groups is not limited. to create a new group the script should be reattached to the chart - the script also provides the ability to move previously created objects. the script should be removed from the chart once the object movement is completed.
Also recommended: Elliot Waves Labels - similar script with strong performance on MetaTrader 4.
s_wavemarker_changeall- the script provides the ability to move the objects created by the s_wavemarker_createnew script without creating a new group of objects.
s_wavemarker_deleteall
- removes all objects created by the s_wavemarker_createnew script from the chart.
s_wavemarker_deletebyindex
- removes the objects created by the s_wavemarker_createnew script with the index specified in the property window of the script. the index of a group can be determined by the name of any object in the group - the index is specified in brackets in the name of the object.
You may also like: Elliott Wave Easy Counter Script - excellent alternative for script users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
int start()
{
color txtcol = red; //
color lncol = blue; //
int zx;
switch(period())
{
case 1: zx = 5; break;.......
⚠ 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.