4 Time Frames Heiken Ashi Forex Indicator (MT4)

About the 4 Time‑Frames Heiken Ashi Indicator

The 4 Time‑Frames Heiken Ashi Forex Indicator for MT4 enhances candlestick analysis by applying Heiken Ashi candles across four selected timeframes, giving traders clear visual insight into trend direction and strength.

Key Features

• Multi-timeframe Heiken Ashi: Displays HA candles in M5, M15, H1, and H4 on one chart
• Color-coded trend bars: Quickly show bullish or bearish bias per timeframe
• Customizable: Select which four timeframes to monitor and adjust HA settings
• Alert system: Optional alerts on hue changes across timeframes
• Non-repainting: Heiken Ashi candles are fixed once formed

How It Works

1. Candle conversion: The indicator converts live candles into Heiken Ashi bars for each timeframe
2. Trend visualization: Coloring (green/red) reflects bullish or bearish trend direction
3. Unified view: Traders assess trends simultaneously across four timeframes to build context

Free Download

Download the “4-time-frame-heiken-ashi.mq4” indicator for MT4

Benefits of Using This Indicator

• Enhanced trend clarity through multi-timeframe visualization
• Minimizes whipsaws via Heiken Ashi smoothing
• Helps align trade entries with broader market direction
• Non-repainting for reliable backtesting and historical review
• Easy to interpret—no need to switch charts

Indicator Example Chart (EUR/USD M15)

How to Trade Using This Indicator

Trade Setup & Signals

• Buy Bias: All four timeframes show green Heiken Ashi bars
• Sell Bias: All four timeframes show purple Heiken Ashi bars

Stop‑Loss & Take‑Profit

• Stop‑Loss: Place just below the most recent swing low (for Buys) or above the high (for Sells), typically an 8–12 pip buffer
• Take‑Profit: Use swing zones, aim for a 2:1 reward-to-risk ratio, or trail once a smaller timeframe starts reversing

Example Trade Execution

1. EUR/USD M15: Heiken Ashi turns green across M5, M15, H1, and H4 → strong Buy bias.
2. Enter Buy at candle close on M15.
3. Set Stop‑Loss below the recent swing low.
4. Set Take‑Profit near the next resistance or aim for 2:1 R/R.

Download Now

Download the “4-time-frame-heiken-ashi.mq4” indicator for Metatrader 4

4 Time Frames Heiken Ashi + XP Moving Average Strategy for MT4

This strategy combines trend clarity from the 4 Time Frames Heiken Ashi Forex Indicator with dynamic trend tracking from the XP Moving Average Indicator.

The result is a clean, multi-timeframe trend-following system designed to filter out noise and help traders capture solid trend-based entries with confidence.

What is this Strategy About?

The 4 Time Frames Heiken Ashi Indicator shows Heiken Ashi candle conditions from four different timeframes in one compact panel, allowing traders to instantly see if the market is aligned bullish or bearish across multiple timeframes.

The XP Moving Average Indicator adds an adaptive moving average that reacts to recent price behavior with reduced lag and better sensitivity than standard moving averages.

By waiting for trend agreement across timeframes and entering with the help of the XP MA line, this strategy reduces false entries and focuses on clean, high-momentum opportunities.

Buy Setup Rules

• Wait until the 4 Time Frames Heiken Ashi Indicator displays bullish Heiken Ashi candles (e.g., all four boxes showing green or at least 3 out of 4).
• Confirm that the price is trading above the XP Moving Average and that the line is sloping upward.
• Enter a buy trade on the next bullish candle that closes above the XP MA.
• Stop Loss: Place just below the XP MA or below the recent swing low.
• Take Profit: Use a 1:2 risk-reward ratio or exit when the Heiken Ashi boxes turn mixed or red.

Sell Setup Rules

• Wait for the 4 TF Heiken Ashi Indicator to show bearish alignment (e.g., 3 or more red boxes).
• Confirm that the price is below the XP Moving Average and the MA line is sloping downward.
• Enter a sell trade after a bearish candle closes below the XP MA.
• Stop Loss: Set above the XP MA or above the recent swing high.
• Take Profit: Use a fixed RR (1:2 or more) or exit on mixed/reversal Heiken Ashi conditions.

Advantages of the Strategy

• Multi-timeframe trend filtering reduces whipsaws and improves entry timing.
• XP MA provides dynamic trend direction without excessive lag.
• Simple, clean visuals are ideal for both beginners and advanced traders.
• Can be used on M15, M30, and H1 charts for intraday and short-term swing trades.

Drawbacks

• Fewer trade signals due to the strict multi-timeframe filter.
• May underperform in very tight ranging conditions.
• Heiken Ashi smoothing can delay exit signals slightly.

Strategy Conclusion

The 4 TF Heiken Ashi + XP Moving Average Strategy is a powerful trend-following method that emphasizes clarity and confirmation.

By requiring agreement across timeframes and trend slope, this system avoids noise and focuses on quality setups.

It’s perfect for traders who prefer structure, visual confidence, and less guesswork in their MT4 trading approach.

Back‑Test Insights, Pros & Cons

Back‑Test Results

• Performs well in trending markets with visible multi-timeframe alignment

Pros

• Multi‑timeframe trend confirmation in a single view
• Heiken Ashi smoothing filters out minor noise
• Non-repainting for truthful historical analysis

Cons

• May lag in fast breakout conditions
• Not ideal for consolidating markets—requires confirmation filter
• No automated exits—requires user-managed SL/TP

Indicator Specifications

Final Words

The 4 Time‑Frames Heiken Ashi Indicator is a powerful tool for visualizing trend direction across multiple timeframes within one chart.

It excels in trending conditions and helps align entries with broader market momentum.

Use it alongside solid money management and price-action analysis for optimal results.

A great addition to any MT4 trader’s toolkit.