Catch The Wave Zip
This Old Kings indicator for MetaTrader 4 is called Catch The Wave Zip. Judging by its name, it is built around wave counting in the Elliott style. In the code it works with RSI and moving averages. It draws arrows on the chart, can send alerts and marks candlestick patterns. It has 40 settings, for example LB (default 3), max Bars For Period (default 1000) and show M01 (default true). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 16 indicator files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Catch The Wave Zip
Catch The Wave Zip is an indicator for MetaTrader 4 based on RSI and Moving Average. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and marks candlestick patterns. It has 40 settings, such as LB, Max bars for period and Show m01. MQL source code included.
It also can show data from another timeframe (MTF).
Files in the download: # TLB OC v02 mod.mq4, Digital ACTIVE SR 2-2.mq4, TPN.ex4, TRO_RAT_ZONE_mod.mq4, #Pallada_Assistant 2.mq4, Digital X-DAILY TARGETS.mq4, TRIGGER ZONE.mq4, TRIGGER COMPASS (1).mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| LB | 3 | |
| Max bars for period | 1000 | Period or timeframe used by the calculation |
| Show m01 | true | |
| Show m05 | true | |
| Show m15 | true | |
| Show m30 | true | |
| Show h01 | true | |
| Show h04 | true | |
| Show d01 | true | |
| Show w01 | true | |
| Show mn1 | true | |
| Line width | 1 | |
| Show c | true | |
| Custom indicator | Active S/R | |
| Copyright | © 2020, Digital | |
| Web address | ||
| Color | === Color settings === | Colour on the chart |
| Resistance color | MediumSeaGreen | Colour on the chart |
| Support color | Salmon | Colour on the chart |
| R line width | 1 | |
| S line width | 1 | |
| R line code | 159 | |
| S line code | 159 | |
| Turn off | false | |
| Training wheels | true | |
| Idiot mode | false | |
| My idiot font size | 50 | |
| Show legend | true | |
| Show gauge | true | |
| Show target | true | |
| Show shade | true | |
| My chart x | 10 | |
| My chart y | 80 | |
| My legend y | 50 | |
| My corner | 1 | |
| My font | Courier New | |
| My font size | 12 | |
| Sound alert | false | Turn this alert on or off |
| Trigger lines | false | |
| Plot triggers | true |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Buy/Sell Arrows · Alerts · Candlestick Patterns · Multi-Timeframe (MTF) · RSI · Moving Average · MT4 Indicator · MQL4 Source Code