Wave Marker Script Set for Chart Analysis
Info
The Wave Marker Script Set for Chart Analysis is a Script for MetaTrader 4 that wave marker script set this set of scripts is designed to assist in marking elliott waves on your metatrader charts. It provides tools for creating, modifying, and deleting graphical objects representing these waves.
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 Wave Marker Script Set for Chart 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
Wave Marker Script Set This set of scripts is designed to assist in marking Elliott Waves on your MetaTrader 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: fibo wave expert advisor - another powerful script for MetaTrader 4 traders.
Wave Marker Script Set This set of scripts is designed to assist in marking Elliott Waves on your MetaTrader charts. It provides tools for creating, modifying, and deleting graphical objects representing these waves.Also recommended: Elliot Waves Labels - similar script with strong performance on MetaTrader 4.
s_wavemarker_createnew
This script creates a group of graphical objects, including text labels and lines, to mark Elliott Waves. After the initial creation, you can easily reposition the text labels using your mouse. There is no limit to the number of graphical object groups you can create. To add a new group, simply reattach the script to the chart. This script also enables the movement of previously created objects. It is recommended to remove the script from the chart once object movement is complete.
s_wavemarker_changeall
This script allows you to move objects previously created by the s_wavemarker_createnew script without needing to create a new group of objects.
s_wavemarker_deleteall
This script removes all objects that were created by the s_wavemarker_createnew script from the chart.
s_wavemarker_deletebyindex
This script removes specific objects created by the s_wavemarker_createnew script. The objects to be removed are identified by an index specified in the script's property window. The index for a group can be found in brackets within the name of any object belonging to that group.
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.