CCI Trend Reversal Strategy
This Old Kings indicator for MetaTrader 4 is called CCI Trend Reversal Strategy. As the name suggests, the idea behind it is the Commodity Channel Index (CCI), following the trend and reversals against the current move. In the code it works with moving averages, ATR and ZigZag. It draws arrows on the chart and can send alerts. It has 40 settings, for example P Expert (default ---------- ), All Symbols (default True) and Magic (default -1). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 18 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 CCI Trend Reversal Strategy
CCI Trend Reversal Strategy is an indicator for MetaTrader 4 based on Moving Average, ATR and ZigZag. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 40 settings, such as P expert, All symbols and Magic. MQL source code included.
Files in the download: e-movinginwl2.ex4, e-movinginwl2.mq4, WUKAR.ex4, WUKAR.mq4, 123PatternsV6.ex4, 123PatternsV6.mq4, CCI_Woodie_Panel_Heart_v3~.ex4, Color Levels (+5).1.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| P expert | ---------- | |
| All symbols | True | |
| Magic | -1 | Magic number that tells this EA's orders apart |
| Level profit | 25 | |
| Level w loss | 1 | |
| Show comment | True | Comment written on the orders |
| P performance | ---------- | |
| Use sound | True | Turn this alert on or off |
| Sound success | expert.wav | Turn this alert on or off |
| Sound error | timeout.wav | Turn this alert on or off |
| Number of try | 2 | |
| Use hidden stop loss | true | Stop loss distance |
| Hidden sl | 100 | |
| Use hidden take profit | true | Take profit distance |
| Hidden tp1 | 90 | |
| Hidden tp2 | 200 | |
| Notes | 15pip RangeBars Basic Setup | |
| Zig zag depth | 12 | |
| Retrace depth min | 0.4 | |
| Retrace depth max | 1.0 | |
| Show all lines | True | |
| Show all breaks | True | |
| Show targets | False | |
| Target1 multiply | 1.5 | How much the lot size grows after a loss |
| Target2 multiply | 3.0 | How much the lot size grows after a loss |
| Hide transitions | True | |
| Amplitude | 2 | |
| Show bars | true | |
| Show arrows | true | |
| Alerts on | true | Turn this alert on or off |
| Alerts on current | false | Turn this alert on or off |
| Alerts message | true | Turn this alert on or off |
| Alerts sound | true | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
| Corner | 1 | |
| Ei percent | 3 | : |
| Ei offset y | 30 | |
| Ei step y | 12 | Distance between orders |
| Ei x1 row | 3 | X |
| Ei x2 row | 165 | X |
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: CCI · Trend · Buy/Sell Arrows · Alerts · Moving Average · ATR · ZigZag · MT4 Indicator · MQL4 Source Code