The Forex Mini Charts MTF indicator for Metatrader 4 enables traders to add multiple mini charts in a separate trading window.
You can also add a set of moving averages to the chart (MA 1, MA 2, MA 3).
This creates a triple moving averages system.
The indicator is versatile and can be used to compare different trends for the chosen currency pairs.
Buy and sell trading signals:
- A strong buy signal occurs when the price crosses above all moving averages from below.
- A strong sell signal occurs when the price crosses below all moving averages from above.
Feel free to experiment with the different indicators’ input settings to suit your needs and preferences.
The indicator can be combined with other technical indicators for better trend prediction.
Free Download
Download the “forex-mini-chart-indicator-mtf.ex4” MT4 indicator
Indicator Chart (EUR/USD M30)
The picture below shows the Forex Mini Charts MTF indicator in action on the EUR/USD M30 trading chart.
Trading Tips:
This indicator suits both beginners and seasoned traders alike.
Have realistic expectations; no technical indicator wins 100% of its trades over the longer term.
Use sound money management rules.
Forex Mini Charts MTF + Ashi Trend Signal Forex Strategy for MT4
This strategy combines the Forex Mini Charts MTF Indicator for MT4 and the Ashi Trend Signal MT4 Indicator.
The Mini Charts MTF indicator allows traders to view multiple timeframes at a glance in a separate window, giving a clear perspective of trend direction across multiple timeframes.
The Ashi Trend Signal provides precise entry signals with blue arrows for buy trades and red arrows for sell trades.
By combining these two indicators, traders can align entries with multi-timeframe trends and capture high-probability intraday trades.
This strategy works best on M15, H1 and H4 charts, targeting major currency pairs during active sessions.
It is suitable for day traders who want to monitor multiple timeframes efficiently while using clear entry signals to take advantage of trending market conditions.
Buy Entry Rules
- Confirm the overall trend is bullish across at least two higher timeframes in the Mini Charts MTF window.
- Wait for the Ashi Trend Signal to display a blue arrow on the current trading timeframe.
- Enter a buy trade immediately after the blue arrow appears.
- Place a stop-loss a few pips below the recent swing low or below a key support level.
- Set take-profit near the next significant resistance or pivot, or exit when a red arrow appears on the Ashi Trend Signal or when higher timeframes show a weakening trend.
Sell Entry Rules
- Confirm the overall trend is bearish across at least two higher timeframes in the Mini Charts MTF window.
- Wait for the Ashi Trend Signal to display a red arrow on the current trading timeframe.
- Enter a sell trade immediately after the red arrow appears.
- Place a stop-loss a few pips above the recent swing high or a key resistance level.
- Set take-profit near the next significant support or pivot, or exit when a blue arrow appears on the Ashi Trend Signal or when higher timeframes show a weakening trend.
Advantages
- Allows multi-timeframe analysis at a glance, helping traders identify strong trends.
- Clear entry signals via Ashi Trend arrows reduce subjectivity and hesitation.
- Well-suited for day trading on H1 and H4 charts with major pairs.
- Helps avoid counter-trend trades by confirming trend alignment across multiple timeframes.
Drawbacks
- Fewer trades may occur because multi-timeframe alignment is required.
- Entry signals may lag slightly after arrow confirmation, especially on fast-moving pairs.
- Stop-loss and take-profit levels need to be adjusted carefully based on volatility.
Example Case Studies
Case Study 1 – EUR/USD H1
On 12 August at 10:00 GMT, the Mini Charts MTF showed bullish alignment on H4 and H1 charts.
The Ashi Trend Signal displayed a blue arrow at 1.1008.
A buy trade was entered at 1.1009. Stop-loss was placed at 1.0995 (14 pips risk).
Price moved in the direction of the trend and reached the next resistance at 1.1040 within 5 hours, capturing 31 pips.
The trade was closed when a red arrow appeared, signaling a potential reversal.
Case Study 2 – GBP/USD H1
On 14 August at 11:00 GMT, the Mini Charts MTF showed bearish alignment across H4 and H1 charts.
The Ashi Trend Signal displayed a red arrow at 1.2555.
A sell trade was entered at 1.2554. Stop-loss was set at 1.2570 (16 pips risk).
Price continued downward to 1.2515 over the next 6 hours, generating 39 pips profit.
The trade was closed when a blue arrow appeared, signaling a trend shift.
Strategy Tips
- Focus on major pairs with tight spreads and high liquidity for better execution.
- Always confirm trend alignment on at least two higher timeframes before entering trades.
- Use recent swing highs/lows or pivot points for precise stop-loss placement.
- Consider scaling out partially when the price approaches a major pivot or resistance/support.
- Use alerts for the Ashi Trend arrows to avoid missing fast trades on intraday charts.
Download Now
Download the “forex-mini-chart-indicator-mtf.ex4” Metatrader 4 indicator
MT4 Indicator Characteristics & Inputs:
Currency pairs: Any
Platform: Metatrader 4
Customization options: Variable (False/true, period MA 1, MA,2 MA 3), Width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, Daily, Weekly, Monthly
Type: MTF charts
