Inside technicals and chart patterns by 
“Grab” charts are a visual cue to let you know at a glance whether prices are trading within, above, or below the Wave. It works on the MT4 platform and as far as I can tell any version of the MT4 platform. This is nothing more than the same color coding that has been a part of my eSignal plug for about seven years. it’s not a system or anything like that…let me be clear about that…although certainly there are system ideas that could be devised from price movement up and down through my Wave. You read about what I do with “grab charts” here. There are plenty of visual cues that can be picked up from where prices are in relation to the dynamic support and resistance of the Wave.
I’m not customer support and I’m certainly no MT4 expert so if you need to know how to use indicators on your MT4, check the help and support docs. After unzipping the file, I put the “Raghee’s Indicator.mq4″ in the “indicators” folder. You can find this if you go into you C: drive –> Program Files –> MetaTrader (or whatever version of MT4 you are using is called) –> experts –> indicators
(click to enlarge the chart)
Thanks to Mistigri.net for the MT4 programming.
[...] The plug-in is available for download right from this blog here. [...]
Raghee… awesome plugin. Not much has added more to my trading than this simple but different way to look at the charts. I have one small problem that you may want to look at having fixed. The program does not update new candles with the shading. You need to click a different timeframe and then click back to get the updated candles. I have a 3 chart setup and I need to constantly click all 3 to get the updates. A small annoyance but not enough to make me stop using it that’s for sure! I have tried the plugin on two different versions of Metatrader on 2 different windows computers and the problem persists across all environment.
Michael, you will definitely like the new version of GRaB. The 2.0 version fixes this and also gives you flexibility for candle colors and the color alignment is far better.
You can find the free download at my blog: http://ragheehorner.com/blog/?p=621
By the way, you will need WinZip or WinRAR to open the compressed file.
Hi Raghee,
I downloaded the tool and will test it tomorrow. i just noticed in most of your charts that you usually show the M30 chart. Is that your trading chart? or, is there any specific reason for using this chart? By the way, I personally find the M30 chart a balanced chart for day-trading since it usually covers ups and downs in a trend very well defined, so when applying any of the standard tools such as Stochastics, information is easier to see.
cheers
Jose
Raghee, thanks for updating the grab. works great. already made me pips this morning trading the pound/dollar off a short term chart.
Awesome! Thanks for sharing that…made my day.
Jose, the timeframe that I look at is just a reflection of what I am seeing is the best set up…I don’t prefer any one time frame as I compare the 15, 30, 60, 180, 240, and daily for set ups, market cycles, pattern quality, psych numbers, etc.
As to the 30…right now with the market consolidation over the past five, six session, the 15 and 30 have had the better set ups and that require less follow through to reach a profit target. In another week or so, if the market breaks the range, you’ll likely see me shifting to trends and trending patterns on 180s and 240s.
Thanks Raghee for your answer. Makes sense and certainly i noticed the same on the use of M30 and M15. In fact, I plan my entries by checking D1, H4, H1 and M30, however, the exact entry is guided by M15 and M5 to avoid entering in the middle of a reversal.
I also made some good pips during the morning and half afternoon of London session (143 pips on GBP/USD so far) and your Grab help me confirm my triggers, so very good and thanks a lot for this.
cheers
Jose