About the 4 Time‑Frame Stochastic Forex Indicator
The 4 Time‑Frame Stochastic Forex Indicator for MT4 aggregates stochastic oscillator signals from four timeframes (e.g., M5, M15, H1, H4) into a single chart display, helping traders align momentum and avoid false entries.
Key Features
- Multi-timeframe monitoring: Simultaneously tracks stochastic values across four timeframes
- Visual alignment cues: Color-coded or numerical markers show overbought, oversold, and crossover states
- Customizable settings: Choose %K, %D, smoothing, look-back periods, and preferred timeframes
- Alert functionality: Optional pop-up, email, or push alerts when all four timeframes align
- Non-repainting: Signals remain valid once generated, ideal for backtesting
How It Works
- Stochastic synchronization: Reads the stochastic oscillator for each selected timeframe
- Signal detection: Identifies alignment—e.g., all four are oversold or all in bullish crossover
- Alert & display: Marks on the chart with a combined signal icon or color bar when alignment occurs
Free Download
Download the “4-time-frame-stochastic.ex4” indicator for MT4
Benefits of Using This Indicator
- Reduces false signals by requiring multi‑timeframe confirmation
- Clarifies momentum alignment across different market horizons
- Works well in both trending and ranging market conditions
- Helps traders wait for high-probability setups—promotes discipline
- Non-repainting results make it reliable for reviewing past trades
Indicator Example Chart (EUR/USD H1)
How to Trade Using This Indicator
Entry Signals
- Buy: When all four timeframes are green colored
- Sell: When all four timeframes are purple colored
Stop‑Loss & Take‑Profit
- Stop‑Loss: Place just below the recent swing low (for Buys) or above the swing high (for Sells) with a buffer (8–12 pips)
- Take‑Profit: Use next resistance/support levels, aim for 2:1 reward-to-risk, or apply trailing stop once higher timeframe reverses
Scenarios & Execution
- EUR/USD M15: Stochastics on M5, M15, H1, H4 all cross above 20 and show bullish crossover → Buy alignment.
- Enter at the close of the signal candle.
- Set Stop‑Loss below the recent swing low (~10 pips).
- Set Take‑Profit near the next resistance or aim for 2:1 R/R.
Download Now
Download the “4-time-frame-stochastic.ex4” indicator for Metatrader 4
4 Time Frame Stochastic + WPR Williams Percent Range Strategy for MT4
This strategy fuses multi-timeframe momentum analysis from the 4 Time Frame Stochastic Forex Indicator with dynamic overbought/oversold insights from the WPR Williams Percent Range Forex Indicator.
It’s a mean-reversion strategy designed to catch short-term reversals with confirmation from multiple stochastic timeframes, making it ideal for scalping and short-term trading.
What is this Strategy About?
The 4 Time Frame Stochastic Indicator displays stochastic momentum readings from four different timeframes in one panel.
This allows traders to gauge broader momentum alignment and avoid entering trades against the dominant movement.
The WPR Indicator measures overbought and oversold conditions, providing clear entry areas where reversals are likely to occur.
When both indicators show price is oversold or overbought across multiple timeframes, it creates a high-probability opportunity to trade a short-term price reaction or reversal.
Buy Setup Rules
- Check that at least 3 of the 4 stochastic readings in the 4 Time Frame Stochastic Indicator are below the 20 level (oversold zone).
- Confirm that the WPR Indicator is also below the -80 level, signaling oversold conditions.
- Enter a buy trade at the close of the first bullish candle after both indicators confirm.
- Stop Loss: Set below the most recent swing low or 10–15 pips, depending on the timeframe.
- Take Profit: Use a 1:2 risk/reward ratio or exit when stochastics and WPR exit the oversold zone.
Sell Setup Rules
- Wait until 3 or more stochastic timeframes are above the 80 level (overbought) in the 4 TF Stochastic Indicator.
- Confirm the WPR is also above the -20 level, indicating overbought conditions.
- Enter a sell trade on the first bearish candle close after both indicators are overbought.
- Stop Loss: Set above the recent swing high or 10–15 pips above the entry.
- Take Profit: Use a 2:1 reward-to-risk or exit once both indicators fall back below overbought levels.
Advantages of the Strategy
- Double confirmation from stochastic and WPR improves accuracy.
- Multi-timeframe momentum check avoids trading against the broader direction.
- Simple to follow and does not require complex chart setups.
- Works well on M15, M30, and H1 charts for fast-paced traders.
Drawbacks
- It may produce false signals in strong trending markets if used without additional filters.
- Requires patience — ideal setups don’t occur frequently.
- Short-term mean-reversion entries can be vulnerable to sudden volatility spikes.
Strategy Conclusion
The 4 TF Stochastic + WPR Strategy offers a powerful way to trade short-term price reversals with enhanced confirmation.
It avoids weak signals by requiring alignment across multiple timeframes, and is especially useful for scalpers and day traders looking for precise turning points.
Always test it on a demo account and consider combining it with trend filters for maximum consistency.
Back‑Test Insights, Pros & Cons
Back‑Test Results
- Performs best in markets with moderate volatility and clear momentum
Pros
- Strong multi‑timeframe confirmation reduces false entries
- Clear visual cues simplify setup identification
- Non-repainting makes historical review accurate
Cons
- May lag in swift breakout scenarios
- Less effective in choppy markets without added filters
- No auto-exit—traders must manage SL/TP manually
Indicator Specifications
| Specification | Details |
|---|---|
| Name | 4 Time‑Frame Stochastic Forex Indicator |
| Platform | MetaTrader 4 (MT4) |
| Timeframes | Choose any four (commonly M5, M15, H1, H4) |
| Currency Pairs | All Forex majors, crosses, and CFDs |
| Indicator Type | Multi‑timeframe stochastic alignment |
| Inputs | %K, %D periods, smoothing, timeframe selection, alert options |
| Visuals | Combined alignment icon/bar, color-coded histogram, alert notifications |
Final Words
The 4 Time‑Frame Stochastic Indicator is a powerful tool for momentum-focused traders who rely on multi-timeframe validation.
It helps confirm trades with clear alignment signals and encourages disciplined entry timing.
Use it alongside sound money management and trade filters for the best results and reliability.
A solid complement to any MT4 setup.
