Functions for X to time, Y to price and vice versa
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 Functions for X to time, Y to price and vice versa
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
Standard API functions ChartXYToTimePrice and ChartTimePriceToXY have significant drawbacks. For example, ChartXYToTimePrice works correctly only if the input parameters X and Y are in the visible area of the chart window, outside the window the function returns zeros. ChartTimePriceToXY also works incorrectly in some cases. Both functions are slow.
I present the functions that work correctly in all ranges of input parameters:
A script demonstrating the correctness of the functions' work. The essence of its work is that the generated X and Y coordinates are converted to time and price, and then back to X and Y. If the input X and Y coordinates differ from the output ones, it means that the functions have problems and the script will print the discrepancy. If all is well, the script does not print anything during the work, but at the very end it will print the result
