KeyFinder 2.0: Enhanced Demark Pivot Point Indicator
Info
The KeyFinder 2.0: Enhanced Demark Pivot Point Indicator is a Script for MetaTrader 5 that this script efficiently identifies and visualizes demark pivot points on charts, offering a comprehensive view of their dimensions. While visually identical to its predecessor, KeyFinder 2.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Script works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Scripts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use KeyFinder 2.0: Enhanced Demark Pivot Point Indicator
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 script efficiently identifies and visualizes Demark pivot points on charts, offering a comprehensive view of their dimensions.
Typical Use Case
This Script excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Script works on MetaTrader 5. Place the file in the MQL5/Scripts folder and restart the terminal.
Description & Settings
Related: Clear Chart Objects by Type Script - another powerful script for MetaTrader 5 traders.
This script efficiently identifies and visualizes Demark pivot points on charts, offering a comprehensive view of their dimensions.Also recommended: Gold Hour Profile: Analyzing Trading Session Volatility and Spread Costs - similar script with strong performance on MetaTrader 5.
While visually identical to its predecessor, KeyFinder 2.0 introduces significant code enhancements, notably the creation of the CKeyFinder class, which streamlines the main script's functionality.
Fig. 1: RTS Index Futures Chart with KeyFinder 2.0
The class structure, as shown in Fig. 2, is meticulously commented for clarity.
Fig. 2: CKeyFinder Class Structure
The class code is provided for reference, ensuring a transparent and understandable implementation.
The main script's code is now remarkably concise due to the class-based organization.
To use this script in MetaTrader 4, simply rename the file keyfinder2.mq5 to mq4 and recompile it in MetaEditor. Ensure that the keyfinder.mqh class file is in the same folder as the main script for seamless integration.
Feel free to share your feedback and suggestions to further enhance this tool.
You may also like: Delete Old Chart Objects by Type and Time - excellent alternative for script users on MetaTrader 5.
Source Code
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⚠ 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.