The 4 Time Frame Stochastic Forex indicator for MT4 provides solid trading signals based on 4 different time frames for better accuracy.
The 4 Time Frame Stochastic indicator pops up underneath the activity chart in the form of 4 multi-time frame colored bars.
Key Points:
- A buy signal occurs when all 4 Time Frame Stochastic histogram bars are colored green.
- A sell signal occurs when all 4 Time Frame Stochastic histogram bars are colored pink.
Free Download
Download the “4-time-frame-stochastic.ex4” indicator for MT4
Indicator Example Chart (EUR/USD H1)
How to trade with it?
Open a buy trade position as soon as all 4 Time Frame Stochastic histogram bars are colored green.
Open a sell trade position as soon as all 4 Time Frame Stochastic histogram bars are colored pink.
Exit the trade when an opposite trading (buy to sell or sell to buy) signal occurs on the chart, or close the trade for a risk-to-reward ratio of at least 1.2.
Feel free to use your own favorite trading method to open and close trades with the 4 Time Frame Stochastic Forex indicator.
Indicator Specifications
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Time frame 1, time frame 2, time frame 3, time frame 4, Stochastic K, Stochastic D, Stochastic slowing, alerts level, alerts on, alerts message, alerts sound, alerts email, color settings & style
Indicator type: Stochastic
Repaint? Does not repaint the 4 Time Frame Stochastic green and pink colored bars histogram.
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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.
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.
Installation:
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the 4-time-frame-stochastic.ex4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.
