s Dot To Line Dist
Info
The s Dot To Line Dist is a Script for MetaTrader 5 that function parameters:double lx1- the x coordinate of the first point of the line;double ly1- the y coordinate of the first point of the line;double lx2- the x coordinate of the second point of the line;double ly2- the y coordinate of the second point of the line;double dx- the x coordinate of the point;double dy- the y coordinate of the point. Calculation principle Based on the coordinates of two points of the line, we get the line formula: y=a+k*x.
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 s Dot To Line Dist
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
Function parameters:double LX1- the X coordinate of the first point of the line;double LY1- the Y coordinate of the first point of the line;double LX2- the X coordinate of the second point of the line;double LY2- the Y coordinate of the second point of the line;double DX- the X coordinate of the point;double DY- the Y coordinate of the point.
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: News VLine - another powerful script for MetaTrader 5 traders.
Function parameters:
double LX1
- the X coordinate of the first point of the line;
double LY1
- the Y coordinate of the first point of the line;
Also recommended: Lot Line - similar script with strong performance on MetaTrader 5.
double LX2
- the X coordinate of the second point of the line;
double LY2
- the Y coordinate of the second point of the line;
double DX
- the X coordinate of the point;
double DY
- the Y coordinate of the point. Calculation principle
Based on the coordinates of two points of the line, we get the line formula:
y=a+k*x
. The
k
coefficient determines the slope of the line, i.e. a change in the
y
coordinate per a unit of change in the
x
coordinate. The
k
coefficient is calculated as follows:
The
a
constant determines the value of the line, if
x=0
, i.e. corresponds to the level, where the line crosses the y axis. Knowing the slope coefficient and the X coordinate of one of the line points, we calculate
a
:
The distance from a point to the line is determined based on the perpendicular drawn to the line. If you rotate the drawing 90 degrees counterclockwise, the
d
line will have the same slope as the main line, but with the opposite sign. Knowing the slope and the coordinates of one point, we can get the equation of the line, but in this case in the form
x =a-ky
. So, the
a
constant:
Having the formulas of two lines, we find the point of their intersection. For this purpose, we substitute
y
expressed by the formula of the first line to the formula of the second line, make some transformations and obtain the
x
coordinate of the intersection point:
Then substitute the resulting x in the formula for the first line, and obtain the
y
coordinate of the point of intersection of lines:
Knowing the coordinates of two points, we can calculate the distance between them along the x and y axes (the projections on the axis). Further, using the Pythagorean theorem, calculate the distance:
A discussion in Russian is available at . You can also discuss the idea here, in comments.
You may also like: Price Lines - excellent alternative for script users on MetaTrader 5.
⚠ 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.