4 Time Frame Heiken Ashi Indicator MT4

Checking trend across four different timeframes usually means flipping between charts. This indicator puts all four in one subwindow at once, and adds a chart arrow when they all agree. Download the 4 Time Frame Heiken Ashi indicator for MT4 free below and see exactly how each timeframe’s trend read is calculated.

What Is the 4 Time Frame Heiken Ashi Indicator?

This is a multi-timeframe indicator that computes a Heiken Ashi trend direction independently for four timeframes and displays all of them in a single subwindow. By default those four timeframes are your current chart’s timeframe plus the next three timeframes up the standard ladder (so on an M15 chart, that’s M15, M30, H1, and H4) — though each can be set manually via the TimeFrame1 through TimeFrame4 inputs.

Each timeframe gets its own row of small up/down arrows in the subwindow, colored green for an up read and reddish-pink for a down read. On top of that, when all four timeframes agree in the same direction, the indicator draws a larger triangle arrow directly on your price chart, above or below the current bar — a genuine four-timeframe confluence signal you don’t have to build yourself by checking each chart individually.

Trend direction per timeframe is judged one of two ways, controlled by the UseHAHighLow input: by default, it compares a smoothed Heiken Ashi high against a smoothed Heiken Ashi low; if you turn that off, it instead compares smoothed Heiken Ashi open against close. Both the source price and the resulting Heiken Ashi values can be passed through moving-average smoothing before that comparison, via the MaMethod1/MaPeriod1 and MaMethod2/MaPeriod2 inputs — both default to a 1-period simple moving average, which is effectively no smoothing until you change them. That two-stage smoothing setup means you can tune this indicator anywhere from a raw, twitchy Heiken Ashi read to a slower, filtered one without touching the core trend-detection logic.

Key Features

• Displays independent Heiken Ashi trend reads for four timeframes simultaneously in one subwindow.
• Draws a composite triangle arrow on the main price chart when all four timeframes align in the same direction.
• Default timeframe selection cascades automatically from your current chart (current plus the next 3 higher timeframes), or you can set each one manually.
• Optional two-stage moving-average smoothing of the underlying price and the resulting Heiken Ashi values.
• Built-in alert system that can notify you (on-chart message, sound, and/or email) once a configurable number of the four timeframes align.
• A History input caps how many bars back the indicator processes, useful for keeping it responsive on slower machines.

How to Use It

Copy the .mq4 file to your MQL4/Indicators folder, refresh MT4’s Navigator, and drag it onto a chart — it opens its own subwindow below the price chart and, if enabled, adds arrows to the main window as well.

Read the subwindow left to right: each of the four rows corresponds to one of your selected timeframes, and its arrow tells you that timeframe’s current Heiken Ashi read. When you see the composite arrow appear on the price chart itself, all four timeframes have lined up in the same direction at that moment. If you want an alert instead of watching the chart, turn alertsOn to true and set alertsLevel to how many of the four timeframes need to agree before you’re notified — the default requires three of the four. Alerts are deduplicated internally, so you won’t be spammed repeatedly while the same alignment holds — a new alert only fires when the aligned direction changes or a new bar forms.

Be aware this indicator recalculates the current, still-forming bar on every tick rather than waiting for that bar (or the relevant higher-timeframe bars) to close — so a trend read or a composite arrow on the most recent bar can shift as price continues to move within that bar. Confirmed, closed-bar reads are more reliable than what’s showing on the live edge of the chart, so if you’re using the composite arrow as a trigger, it’s worth waiting for the current bar to close before acting on it.

Best Timeframes / Best Use Cases

Because it’s built around cascading timeframe confluence, it suits traders who want to confirm that a lower-timeframe setup is aligned with the broader trend before entering. Since the default ladder always includes your current chart plus three timeframes above it, it adapts automatically whether you’re working on a fast intraday chart or a slower swing chart, without you needing to reconfigure it every time you change charts.

Final Thoughts

This is a genuinely useful confluence tool for traders who check multiple timeframes before every entry — it automates that check and puts the result in one place instead of four separate charts. Just remember the current bar’s read isn’t final until that bar closes. Download it free below and set your own timeframe ladder to match how you trade.