Forex Power CCI Channel Scalping Strategy
This Old Kings indicator for MetaTrader 4 is called Forex Power CCI Channel Scalping Strategy. Its name points to the Commodity Channel Index (CCI), price channels and short scalping trades. In the code it works with CCI and ATR. It draws arrows on the chart and can send alerts. It has 40 settings, for example CCIPeriod (default 12), High Low Period (default 13) and T3Period (default 5). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 5 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 Forex Power CCI Channel Scalping Strategy
Forex Power CCI Channel Scalping Strategy is an indicator for MetaTrader 4 based on CCI and ATR. 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 Cci period, High low period and T3 period. MQL source code included.
Files in the download: $_CC_Cloud_2.ex4, CCI Channel trading.tpl, CCIchannel_arr.ex4, CCIchannel_arr.mq4, installation manual.txt, SDX-TzPivots_v5.ex4, SDX-TzPivots_v5.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Cci period | 12 | Period or timeframe used by the calculation |
| High low period | 13 | Period or timeframe used by the calculation |
| T3 period | 5 | Period or timeframe used by the calculation |
| T3 hot | 0.8 | |
| Alerts on | true | Turn this alert on or off |
| Alerts on current | true | Turn this alert on or off |
| Arrows upper gap | 110 | |
| Arrows lower gap | 45 | |
| Hrs server tz from gmt | 3 | Data collection Tz of your server |
| Hrs choice t zfrom gmt | 1 | New destination Tz governing data |
| Show 1 daily 2 fibonacci pivots | 1 | |
| Pivot lines placement | Start with fullscreen lines, enter '1' | |
| __ | Start lines at Day Separator, enter '2' | |
| ___ | Start lines at current candle, enter '3' | |
| Enter line placement number | 2 | |
| Label items | ||
| Margin labels for fullscreen | false | |
| Include price in line labels | true | |
| Slide labels lr decr incr | 0 | -# to move left, +# to move right |
| Zoom adjust 3 6 15 30 50 | 10 | for 8,9 fontsize: 2, 5, 10, 20, 40 |
| Fix labels near right boundary | true | |
| Move y high y low labels left | -1 | |
| Move open label left | 0 | |
| Move camarilla labels left | 0 | |
| Labels color | Gray | Colour on the chart |
| Labels font size | 8 | |
| Labels style norm bold black 123 | 2 | |
| Pivot lines parameters | ||
| R color | Maroon | Colour on the chart |
| R line style 01234 | 2 | |
| R solid line thickness | 1 | |
| Central pivot color | C'3,78,209' | RoyalBlue |
| Central pivot line style 01234 | 0 | |
| Central pivot solid line thickness | 1 | |
| S color | DarkGreen | C'43,170,43'; |
| S line style 01234 | 2 | |
| S solid line thickness | 1 | |
| Mid pivots color | C'85,85,0' | C'53,53,53'; //C'85,85,0'; |
| Mid pivots line style 01234 | 2 | |
| Mid pivots line thickness | 1 |
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: Scalping · CCI · Channels & Envelopes · Buy/Sell Arrows · Alerts · ATR · MT4 Indicator · MQL4 Source Code