Four Time Frames Asctrend is a custom-built Metatrader 4 trend indicator that provides accurate signals with the help of 4 different time frames.
The indicator pops up in a separate MT4 chart window in the form of 4 colored red/blue trend bars.
Buy & Sell Trade Example
- A buy signal occurs as soon as all 4 trend bars are colored blue (strong uptrend).
- A sell signal occurs as soon as all 4 trend bars are colored red (strong downtrend).
The Four Time Frames Asctrend indicator can be used for both trade entry and exit, or as an additional confirmation filter for other strategies and systems.
The indicator works equally well on all currency pairs (majors, minors, and exotics) and shows promising results when used correctly.
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Download the “four-time-frames-asctrend.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The example chart below displays the Four Time Frames Asctrend mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Four Time Frames Asctrend indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Trend signals
Does the indicator repaint? No.
Four-Time-Frames AscTrend + Urban Towers MT4 Scalping Strategy
This scalping strategy combines the Four Time Frames AscTrend Indicator with the Urban Towers Indicator to achieve fast but filtered entries.
The idea is to only trade in the direction where all four timeframes agree (strong bias), and then time your entry using the clean arrow from Urban Towers.
Because both indicators bring clarity, this works well on lower timeframes (M1, M5, M15).
It is ideal for scalpers who want signals with trend confirmation, not random arrows.
Buy Entry Rules
- Check the Four Time Frames AscTrend: all four configured timeframes must display a blue trend coloring (bullish). This ensures multi-timeframe alignment.
- Wait for the Urban Towers indicator to show a blue up arrow (bullish arrow) on your trading timeframe.
- Confirm price is above the Urban Towers moving average bands (i.e., trending above its MAs) to avoid fading into resistance.
- Enter the buy trade at the close of the arrow candle (or next candle open).
- Place a stop loss a few pips below the nearby swing low or below the band of Urban Towers (or below the lowest MA in the cluster).
- Set take profit at 1× to 1.5× the stop distance or at a nearby resistance level.
- Alternatively, trail with the Urban Towers bands or exit when a red arrow appears.
Sell Entry Rules
- Verify the Four Time Frames AscTrend: all four timeframes must display red coloring (bearish bias).
- Wait for Urban Towers to present a red down arrow (bearish arrow) on your active timeframe.
- Ensure the price is below the Urban Towers MA cluster (i.e., trending downward within its structure).
- Enter a sell trade at the close of the arrow candle (or next bar open).
- Place a stop loss a few pips above the recent swing high or above the highest MA band.
- Target a take profit of 1× to 1.5× the stop distance, or exit when a blue arrow appears or the trend reverses.
Advantages
- Strong filtering: only trade when four timeframes align, reducing counter-trend risks.
- Urban Towers arrow gives precise timing after trend confirmation.
- Scalable to different scalping timeframes (M1, M5, M15) because the trend filter handles a broader context.
- Relatively easy to scan: you watch the trend bias and then wait for a clean arrow.
Drawbacks
- Sometimes you will wait long times for all four timeframes to line up, meaning missed moves.
- Arrows may lag slightly, especially in fast whipsaws or during news volatility.
- Stop distance might be tight on very low timeframes and risk being stopped out prematurely.
Example Case Study 1
On EUR/USD M5, the four timeframes (M1, M5, M15, M30) of AscTrend all turned blue.
You waited until a blue arrow from Urban Towers appeared on M5 at 1.1052.
Price was already above the MA cluster.
You entered at that candle close, put a stop loss of 8 pips below, and take profit 12 pips.
The trade hit the target within 30 minutes before the next red arrow showed up.
Example Case Study 2
On GBP/USD M1, AscTrend on M1, M5, M15, and M30 all showed red.
At 1.2850, an Urban Towers red arrow appeared.
Price was trading under the MA cluster.
You entered short at the close, placed a stop loss 6 pips above, and target 9 pips (1.5×).
The move came fast, and the target was reached before a trend reversal signal appeared.
Strategy Tips
- Use major currency pairs (EUR/USD, GBP/USD, USD/JPY) for more liquidity and smoother moves.
- Avoid trading around major news times to avoid erratic whipsaws.
- Start on M5 primarily and test M1 or M15 once you get comfortable.
- Always check that the higher timeframes (e.g., H1 or H4) are not strongly opposing the four-frame bias; you don’t want to fight a bigger trend.
- Consider scaling out part of the position at mid target, and trailing the rest.
By merging the multi-timeframe trend consensus from the Four Time Frames AscTrend Indicator with precise arrow timing from the Urban Towers Indicator, you get a disciplined scalping approach on MT4.
You trade only in the strongest direction and let the arrow give the entry signal.
Be strict, backtest thoroughly, and manage risk carefully.
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Download the “four-time-frames-asctrend.mq4” indicator for Metatrader 4
