If you have ever tried to draw a circle on an MT4 chart, you have surely found that it is not an easy task. Incredibly, in spite of everything that has evolved this trading platform, to draw a circle you have to start by drawing an ellipse and then move their points to turn it into a circumference. Until today!
With the script above you can easily draw up to 10 circles on a chart. It works for any symbol (e.g.: EURUSD, GOLD, etc.). You can place it anywhere in the chart just by moving its ratio. You can also change the size of the circle simply by adjusting the ratio’s size. Additionally, you will have multiple options to adjust the color, the style of the lines, and more.
In any case, the best way to check the tool is by testing it. So simply, download it and install it in the ‘Scripts’ folder of your MT4 terminal. You can share it with whoever you want. The tool is completely free forever.
Barmenteros FX Staff says
We just uploaded a new version of the tool that works for all the symbols (currencies, indexes, commodities, etc.)
usman says
this does not works draw ellipse rather than circle
Barmenteros FX Staff says
Hi. It seems to be working from our end. See the following screenshots:
https://www.screencast.com/t/JF9Z4vCbSssn
https://www.screencast.com/t/cHjniWRvuL1U
Regards
Usman says
Its working on currencies only when i apply on gold it does not work
Usman says
I mean it does not makes a circle When applied to anything else than currencies
Barmenteros FX Staff says
Probably because the characteristics of commodities and currencies are different. They may even vary from broker to broker. In any case, thanks for the report. We will take it into account for future versions of this tool. Regards
Usman says
hi
No for index and commodities it does not work. for currencies it is working fine.
Barmenteros FX Staff says
Hi Usman, thanks for the report. We just uploaded a new version of the tool that works for all the symbols (currencies, indexes, commodities, etc.). Best regards
usman says
Hi
thanks for such a swift response from you guys really appreciated. Yes new version is working on everything thanks alot for solving :).
Barmenteros FX Staff says
You’re welcome, Usman
Usman says
Hi,
I have small request if possible for you guys. Is it possible;
1. Make this circle script as indicator as with updated version, only 1 circle can be drawn. and when i re-run the script it removed the earlier one. so if possible if it can be converted to indicator so to be used as many times as wanted.
2. Unlike circle can we have SQUARE and TRIANGLE tool built too?
Barmenteros FX Staff says
Thanks Usman,
1. The current circle script version already allows to draw up to 10 circles at the time.
2. Yes, it’s possible. Square and triangle are easier to draw though.
Best regards
Usman says
Hi,
Yes it draws 10 but when making chart you dont know how many would be required. So if it becomes indicator one can add as many as needed.
I dont know how it will impact performance aspect.but i guess that would be handy to add new circles without removing script.
Barmenteros FX Staff says
Hi. How many circles you consider a reasonable amount to be drawn?
Usman says
Hi,
10 are fine no issues with quantity. It is just when you start your analysis you place 1 initially, then as your analysis grow you need more.
At that time when you try to add 1 more circle previous script is removed along with circle. So that is why i was requesting if that could be done as indicator so one could keep on adding along the analysis without getting previous ones removed.
Barmenteros FX Staff says
OK Usman,
Please, send us your contact information to info@barmenteros.com and we’ll send you this tool as indicator.
Best regards
Bob Stafari says
Hi. Thanks for this.
However, the script doesn’t open. When it does, it’s just gibberish. Could you please check if there is an error in the code? Thanks.
Barmenteros FX Staff says
Hi. Thanks for your comment. Could you please send a report to our support email (support.team@barmenteros.com) to check what’s going wrong? We see nothing wrong from our end neither we’ve received any other report. Regards