Reciprocal Links Checker

This search returns some promising results:

http://www.google.com/search?q=php+script+Reciprocal+Links+Checker
Probably you can use one of those scripts in your application.

i think i've tried them all but cannot get them to work - i've spent days trying them. many of them are software that creates all the pages that I don't need.

PS I've assumed that I'm not the only phprunner user that has link exchanges and would be thrilled to just find a script or program that someone else has tried that works!! Also, that perhaps it would be something that phprunner was set up to do already <img src='https://asprunner.com/forums/file.php?topicimage=1&fieldname=reply&id=57970&image=1&table=forumreplies' class='bbc_emoticon' alt=':)' />
Thanks!!!!!!

This is one that I found but don't understand how to make it work. I added a connection and created a text file with a list of all my links.
<?php
$mydomain = "www.yourdomain.com"; // Set this to your domain
$list = file_get_contents("all.txt");

$urls = explode ("\n", $list);
echo "<B>Checking back links to $mydomain....</B><P><FONT SIZE=-1>";
foreach ($urls as $url) {

if (strlen ($url)) {

echo $url . "<B><FONT COLOR=";

if (strpos (file_get_contents($url), $mydomain) != FALSE) {

echo "GREEN> Found";

} else {

echo "RED> Missing";

}

echo "</FONT></B><BR>";

}

}

echo "</FONT>";
?>

I don't see this script should not work, its really a simple one. The issue is that this script is not doing anything useful.
To the best of my understanding you are looking for a script that connects to the database, pull the list of links from one of tables, checks if specific link exists on the page and update the status of this link in the database. You want to run this script on timely fashion like once a day.
If you are looking for a professional help with this script contact support team directly.