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From technical indicator to visual disply: mq4/ex4/tol

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Old 20-02-2017, 16:41
Level 1 Lasers Member
Join Date: Feb 2017
Posts: 1
Default From technical indicator to visual disply: mq4/ex4/tol

Dear community, I have not really understood the meaning of the three file formats for indicators:

I know that .mq4 files contain the source code of an indicator, .ex4 the compiled version of the mq4 code, and I can use either way to get my indicator (assuming the ex4 version matches my metatrader version).

But I donít get the connection to the .tpl template files. My confusion comes from the fact that mq4/ex4 only gives the computation of an indicator but not the graphical display on the currency chart?! So how do I go from mq4/ex4 to my graphical display on my price chart? Many thanks!
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Old 18-02-2021, 11:58
Level IV Lasers Member
Join Date: Apr 2016
Posts: 366
Default Re: From technical indicator to visual disply: mq4/ex4/tol

MT4 offers a great interface for technical analysis but has one big problem. You can use it only on one screen, which can be very limiting sometimes. This simple script from IBFX will fix this problem. You just load the script to the chart you want to move and after itís done you can easily move your chart window to the different screen.
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Old 13-09-2022, 06:37
Level IV Lasers Member
Join Date: Oct 2013
Posts: 283
Default Re: From technical indicator to visual disply: mq4/ex4/tol

I also stumbled upon this problem once and decided to completely abandon trading based on technical indicators, turning to price action. I use charting tools available in Hotforex MT4 platform to draw channels, price levels etc, for me it is enough to find good entries.
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