GRaB Candles System
From the Old Kings archive: GRaB Candles System, an indicator for MetaTrader 4. In the code it works with moving averages and CCI. It draws arrows on the chart, can send alerts and can read another timeframe. It has 12 settings, for example Trend CCI Period (default 14), Entry CCI Period (default 6) and LSMAPeriod (default 25). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 7 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 GRaB Candles System
GRaB Candles System is an indicator for MetaTrader 4 based on Moving Average and CCI. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 12 settings, such as Trend cci period, Entry cci period and Lsma period. MQL source code included.
Files in the download: GRaB Candles System\Description GRaB Candles Forex System.url, GRaB Candles System\MQL4\Indicators\CCI_Woodies_Lnx_v6.mq4, GRaB Candles System\MQL4\Indicators\GRaB Candles Long.ex4, GRaB Candles System\MQL4\Indicators\GRaB Candles Long.mq4, GRaB Candles System\MQL4\Indicators\GRaB Candles Range.ex4, GRaB Candles System\MQL4\Indicators\GRaB Candles Range.mq4, GRaB Candles System\MQL4\Indicators\GRaB Candles Short.ex4, GRaB Candles System\MQL4\Indicators\GRaB Candles Short.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Trend cci period | 14 | Period or timeframe used by the calculation |
| Entry cci period | 6 | Period or timeframe used by the calculation |
| Lsma period | 25 | Period or timeframe used by the calculation |
| Ema period | 34 | Period or timeframe used by the calculation |
| Trend period | 5 | Period or timeframe used by the calculation |
| Text1 | ----------------------- | |
| Text2 | Mode 1 Shows LSMA hide EMA | |
| Text3 | Mode 2 Shows EMA hide LSMA | |
| MODE | 1 | |
| Text4 | ----------------------- | |
| Zero line cross alert | false | Turn this alert on or off |
| Count bars | 500 |
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 · Multi-Timeframe (MTF) · Moving Average · CCI · MT4 Indicator · MQL4 Source Code