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Home / Blog / MT4 Script to draw circles easily [Direct download]

MT4 Script to draw circles easily [Direct download]

Boris Armenteros

2 min read

Circles drawn on a financial chart on a laptop

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!

Direct Download (opens in a new tab)

New improved tool for drawing circles

We have developed a more stable and lightweight version of this tool. The new version is an indicator and has more functions than the script (‘Circle Drawer’ indicator).

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.

Up to 10 circles can be drawn simultaneously.

For instance, if you want to draw 3 circles, just set ‘Up To 10 Circles’ input parameter to 3, as shown in the following image.

Set ‘Up To 10 Circles’ parameter to 3

The script will draw 3 independent circles (see the image below). You will be able to customize every circle separately.

3 independent circles are drawn by the script

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.

3 filled circles of different sizes.
Boris Armenteros
Boris Armenteros is the founder and lead developer of barmenteros FX, an independent algorithmic trading development practice based in Marbella, Spain. He has been building, optimizing and rescuing MetaTrader trading systems since 2011.

29 responses to “MT4 Script to draw circles easily [Direct download]”

  1. Jane

    Hi Barmenteros,
    It doesn’t work on individual stocks, is this right?
    Thank-you,
    Jane

    Reply
    1. barmenteros FX

      Hi
      You have to download the indicator from this page: https://barmenteros.com/metatrader-draw-circles-indicator/
      Thanks and regards

      Reply
  2. shailesh

    Can you please make one for mt5 also? Regards.

    Reply
    1. Barmenteros FX Staff

      Hi. We’ll do our best to upload it on upcoming days. Best regards

      Reply
      1. shailesh

        Have you already uploaded it sir? I really need this tool for mt5.

        Regards

        Reply
        1. Barmenteros FX Staff

          Sorry, not ready yet. Regards

          Reply
  3. shailesh

    This is very good. Can you also make one for mt5 please. Much thanks.

    Reply
  4. magdy farid

    dear sirs … thanks a lot for the circle script …. can you please make it available to download free a script to draw square and equilateral triangle in mt4 … i will be very grateful for that … thanks in advance …

    regards

    Reply
    1. Barmenteros FX Staff

      Hi Magdy,

      We take note of your proposal for the launch of future tools.

      Best regards

      Reply
  5. Barmenteros FX Staff

    We just uploaded a new version of the tool that works for all the symbols (currencies, indexes, commodities, etc.)

    Reply
  6. usman

    this does not works draw ellipse rather than circle

    Reply
    1. Barmenteros FX Staff

      Hi. It seems to be working from our end. See the following screenshots:

      https://www.screencast.com/t/JF9Z4vCbSssn (opens in a new tab)
      https://www.screencast.com/t/cHjniWRvuL1U (opens in a new tab)

      Regards

      Reply
      1. Usman

        Its working on currencies only when i apply on gold it does not work

        Reply
        1. Usman

          I mean it does not makes a circle When applied to anything else than currencies

          Reply
          1. Barmenteros FX Staff

            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

          2. Usman

            hi

            No for index and commodities it does not work. for currencies it is working fine.

          3. Barmenteros FX Staff

            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

          4. usman

            Hi
            thanks for such a swift response from you guys really appreciated. Yes new version is working on everything thanks alot for solving :).

          5. Barmenteros FX Staff

            You’re welcome, Usman

          6. Usman

            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?

          7. Barmenteros FX Staff

            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

          8. Usman

            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.

          9. Barmenteros FX Staff

            Hi. How many circles you consider a reasonable amount to be drawn?

          10. Usman

            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.

          11. Barmenteros FX Staff

            OK Usman,

            Please, send us your contact information to [email protected] and we’ll send you this tool as indicator.

            Best regards

  7. Bob Stafari

    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.

    Reply
    1. Barmenteros FX Staff

      Hi. Thanks for your comment. Could you please send a report to our support email ([email protected]) to check what’s going wrong? We see nothing wrong from our end neither we’ve received any other report. Regards

      Reply
      1. shailesh

        How to add the second circle after adding first? If I run the script again it closes the previous script.

        Reply
        1. Barmenteros FX Staff

          Hi. Just set ‘Up To 10 Circles’ input parameter to the number of circles you want to draw. We’ve updated the post accordingly so you can now see screenshots that will help you in this regard. Best regards

          Reply

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