PH S B Screener
This is a powerful addition to your MetaTrader 5 toolkit designed to optimize market analysis and performance. This script functions as a utility program designed for specific, one-time execution tasks. It is utilized to perform targeted actions, such as closing all open orders, managing chart objects, or executing custom administrative commands on demand.
How to Setup and Use PH S B Screener
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.
Description & Settings
Description:
Advanced screener that identifies assets with significant price drawdown. Scans all available symbols or filtered categories to find instruments trading below their recent peaks. Perfect for identifying potential buying opportunities in undervalued assets.
Key Features:
✅ Accurate drawdown calculation using closing prices
Customisable lookback period (default 90 days)
Adjustable drawdown threshold
Asset category filters (Stocks, Forex, Indices, Crypto)
Batch data loading for better performance
Real-time progress monitoring
✅ Clean Market Watch after execution
Perfect For:
Value investors seeking discounted assets
Swing traders looking for oversold instruments
Portfolio managers monitoring position drawdowns
Technical analysts screening for reversal opportunities
Fixed drawdown calculation algorithm
Accurate peak-to-current price comparison
Improved result display with relevant price data
Enhanced filtering and performance
