Have All timeframes on One Single Chart in Your MetaTrader Platform (MT4)
If you are among the trader who like to check all the timeframes before taking your position according to your favorite timeframe, you may have some space problems. You need to have several monitors or laptops or you have to change the timeframe of your chart all the time and check the situation of the other times frames and then get back to the main timeframe that you always use to take your position.
Even if you trade just using one timeframe, it is good to know about the situation of at least one or two bigger timeframes. For example if you trade using the one hour chart, you’d better to know about the 4 hours and daily charts. You can also check one smaller timeframe too. This is a big help to know if you are trading against the bigger or smaller timeframes and you can close your position and take your profit on time. Trading against bigger timeframes can be risky. You can do that but you have to be careful and move your stop loss when you are in profit. If it goes against you have to get out before you lose a lot.
As I said checking several timeframes need several monitors or changing the timeframe of you chart in case you have only one monitor. But I have a good tool for you that lets you know about the situation of all bigger timeframes without making any space problem.
By copying few files to your MetaTrader indicators and template folders you can easily see the situation of 4 to 8 timeframes on one chart and through one monitor without having any space problem.
Place the below files in the indicators folder (e.g. C:\Program Files\Interbank FX Trader 4\experts\indicators\):
Note:
1. To save the files on your computer hard disk, just right click on the below links and click on “Save target as …” and then “Save”. Do not change the files name.
2. If after pasting the indicators to your platform, you can not see the charts in the way the below screenshots show, you need to copy the Heikin Ashi and Smoothed Heikin Ashi to your indicators folder and restart your platform. Click Here to download the Heikin Ashi and Smoothed Heikin Ashi indicators.
1- http://www.forexoma.com/downloads/MTF HAS Bar Lower A.ex4
2- http://www.forexoma.com/downloads/MTF HAS Bar Lower B.ex4
3- http://www.forexoma.com/downloads/MTF HAS Bar Upper A.ex4
4- http://www.forexoma.com/downloads/MTF HAS Bar Upper B.ex4
Then put the below file in the templates folder (e.g. C:\Program Files\Interbank FX Trader 4\templates\):
1- http://www.forexoma.com/downloads/4 timeframes.tpl
2- http://www.forexoma.com/downloads/8 timeframes.tpl
Now close your MetaTrader and restart it. Open a new chart and right click on it. Go to “Template” and choose “4 timeframes”. You will have the below chart then:
Whatever timeframe that you choose for your chart, the bottom bars show three bigger timeframes. So if you choose one minute, you will have 1, 5, 15 and 30 minutes timeframes at the bottom indicator window. When the small bars are blue, the related timeframe is Bullish and when they are red, it is Bearish. On the price window we have both candlesticks and Smoothed Heikin Ashi.
If you choose the “8 timeframes” as the template, you will have 8 timeframes on your chart:
As you see on the above chart, one minute and also 5, 15, 30 and 60 minutes charts are all Bullish but 4 hours, daily and weekly charts are Bearish. So if you trade according to the one hour chart, you should be aware that you are trading against the 4 hours, daily and weekly chart and it can go against you at any time.
Play with this tool and check different timeframes and back data and see if it can be any of help in your trades. Hope you like it.
Further Reading:
- Forex Basics:
What Is Forex and How to Make Money with It?
Is Forex a Suitable Business for Everybody?
When You Will Be A Professional Forex Trader?
Currency Pairs Explained - Understanding the Currency Pairs in Forex Trading
Currency Pairs Correlation in Forex Market: Cross Currency Pairs
How to Choose the Best Currency pairs for Forex Trading
What Thomas Edison Can Teach You about Trading Forex!
A
Letter from God to Forex Traders!
Ten
Important Forex Trading Tips
- Money Management:
Money Management is a Critical Part of Forex Trading
Risk/Reward Ratio in Forex Trading
How to Make $53,000 per Month through Forex Trading
Where Is the Best Place for Stop Loss and Limit Orders?
When Should You Get Out of a Bad Position?
- Candlesticks:
The Language of Japanese CandleSticks - The Only Real Time Indicators
Doji Candlestick - Doji Star - How to Trade Using Doji Candlestick and Bollinger Bands
What Is Heikin-Ashi and How to Trade with It?
- Price Chart:
Forex Charts - How to Use Different Types of Charts in Forex Trading
Renko Chart - How to Trade Using Renko Charts
- Technical Analysis:
How to Use Technical Analysis in Forex and Stock Trading?
How to Trade Using Trendlines, Head and Shoulders, Triangles, Double Tops and Bottoms, Flags, Pennants, Wedges...
How to Use Moving Averages in Forex Trading
How to Use Pivot Points in Forex and Stock Trading?
How to Use Bollinger Bands in Forex and Stock Trading
How to Use MACD or Moving Average Convergence / Divergence in Forex and Stock Trading
How to Trade Forex During the News Time
- Fibonacci:
How To Use Fibonacci Numbers in Forex and Stock Trading
More About Using Fibonacci in Forex Trading
How the Forex Market Reacts to Fibonacci Levels
- Tools, Indicators and Templates to Download:
Download Heikin Ashi and Smoothed Heikin Ashi Indicator and Template for MetaTrader
Have All timeframes on One Single Chart in Your MetaTrader Platform (MT4)
Vahid,
Your setup is very clever. What is the indicator on your chart that
shows the bull and bear candles close to the real price candles?
Thanks,
Joe F.
Hi Joe,
Thanks for your comment.
Those are Smoothed Heikin Ashi candlesticks.
Best regards,
Vahid
thanks vayhid, good to have you back.please can you do a write up on proper money mananagement in forex trading,it is a very essential part in trading.
Hi Ola,
Thanks for your comment. I will try to write about money management too. For me the best money management is having a reasonable and correct stop loss and then moving the stop loss continuously when the price moves to the favorite direction. I know that money management talks about something other than having stop loss but the best money management plan will be useless without having proper stop loss.
Hi Vahid,
Thanks Vahid, good to have you back. These Indicator’s and Heiken ashi templete are very good. Question is in 4 time frame on the bottom what is blue desh mark in red and red desh mark in blue indicate.
Nasir
Hi Nasir,
Blue dash mark in the red block and visa versa reflect indecision. For example when the price is going down and so the market is bearish but it stops going down and makes a very small correction.
hi vahid,
it didnt work for me.
i have uploaded a screenshot.
can u please take a look?
thx
can you help me out a little bit. I can not get the mulitiple time frames to download into the folder thaqt you say. It says that I don’ t have permission.
Hello Vahid
Have been folllowing your work for some time - you have my greatest respect.
Thank you for brininging your ideas to us for free - very rare in this industry. I do not think your readers understand the brilliance of your approach. These Heiken Ashi Smoothed candles shown in multiple timeframes are a brilliant adaptation of the concept of trading WITH the trend, and by using HAS (Heiken Ashi Smoothed) bars/candles, to reduce “noise” and keep us in good trends for longer, has to be a very sound approach.
Your use of stop loss is simple and effective - and using trailing SL the very best way to maximise profits.
I used to think that trailing SL gave back too much in a trade - but the opposite is happening - I am being kept in trends for the longest possible run, with the lowest risk.
Someone asked a question above, about putting these ‘4 time frame’ and ‘8 time frame’ Indicators into their template. Here is how to do it:
Make sure your MT4 platform is closed.
Save the eight files to your desktop, so they are visible to you.
Save the two Template files to the desktop too.
Go to:
Computer
Local Disc ‘C’
Program Files
Then go to the name of the MetaTrader 4 platform you are using
Go to:
Experts
Indicators
When you have the ‘Indicators’ files displayed, drag and drop each one of the eight files into the ‘Indicators’ list.
Now close the entire Program Files display.
Next, go back in to:
Computer
Local Disc ‘C’
Program Files
Find the MetaTrader 4 platform again
This time, do not go to ‘Experts” but simply open “Templates”
(NOTE: There is another “Templates” folder further inside - within “Experts”: DO NOT PUT THE FILES HERE)
Once again, drag the files for ‘4 timeframes’ and ‘8 timeframes’ into the ‘Templates’ folder, and close everything completely again.
The files will be ready for you next time you open your MT4 platform.
On your MT4 platform, go to “Templates” and you will see “4 time frames” and “8 time frames” displayed.
Choosing either of these will cause the chart to load using the indicator chosen.
A word of advice - after several years vaccilating between one method or another, I realised I was on a never-ending hunting expedition for the perfect method.
While there are plenty of great methods, I realised that I had the secret to success in my grasp a long time earlier, but did not see it.
One of the “secrets” to success in this business is to simply become consistent in your discipline, and proficient in ONE method and ONE time frame.
Stop jumping from one method to another - become MASTER of ONE method and so many secrets of this market will become known to you.
Beginners should not trade under a 4H time frame - but that is just my personal view.
I say this because the longer timeframes are more consistent, less noise, and have better and longer trends.
Plus there is no need to sit and stare at the computer for hours babysitting your trade.
Watching the screen simply brings your fear to the surface, and you will frequently talk yourself out of a trade that otherwise may have been successful.
Trust your method - trust your stop loss.
Listen to Vahid. He has dedicated many years to the study of this market. His advice is meant to speed you to succes, not to hold you back. Thank you for allowing my psot and I do hope it has been of use to someone struggling as I did for a very long time.
Kind regards
Ivan
Dear Ivan,
Hi
Thousands of thanks for the time you spent to explain all these things. It was really necessary as some many people had difficulties in downloading and running the files in their platforms. I wish you more and more success both in your life and your forex business.
Best regards,
Vahid
Hello Ivan,
In your post above, you refer to “8″ files, where there are only 4 expert files and 2 templates… can you please clarify what all the 8 files you are talking about?
thanks, Jay.
This all time frame does not work with 5 digit platforms like Fxpro. It would be great if it can work on both 4 digit platforms (e.g fxdd) and 5 digit platform (e.g. Fxpro). Is really a great solution, improvement will be wonderful. Keep the good work.
Hi,
It has nothing to do with 5 digit platforms. They work on all platforms.
Best regards,
Vahid
Please make is work for 5 digit platforms also like fxpro. so far its great with 4 digit platform like fxdd. Keep the good work
Hi Success,
I have them both on 4 digit and 5 digit platforms without any difference. The screenshots you see on my site are from a 5 digit platform actually. I think you have not placed all the files in the proper folders. Just do it once again and restart your platform and it will work.
Best regards,
Vahid
nice indicator…but it wouldn’t work in Interbank or fast x mt4 for me and I did both methods on this page. Any suggestions?
Regards
Mike
Hi Mike,
I works with MT4. No matter what broker. So make sure you have placed all the files in the right places.
Best regards,
Vahid
This indicator does not display on my platform properly what am I doing wrong?
Probably you have not placed all the files in the right folders.
I just loaded the HAS indicators. They load all blue. It is currently after hours on a weekend. Is it right for the bars not to turn colors retro actively. In other words will the indicators begin to work when the market opens up? Seems weird the mac d and other indicators show the past. Did I do something wrong on the instalation?
Hm…, I’ve tried everything I can think of with no success. All I get are lines of blue squares with red squares in the middle and absolutely no correlation to the chart and no changes.
I too have followed the instructions given and found that the bars are blue with small red squares in the middle in every single one.
I’m using MetaTrader 4.
All files are i n the correct folders.
Advice/help would be appreciated, thanks!
Hi Pete,
Thanks for your comment. Please make sure that all the files are in the right folder AND also make sure that none of the files are renamed.
Those who have problem in installation of these indicators have not posted the files on the right place or have renamed them. I am 100% sure.
Best regards,
Vahid
I am having similar problems. The concept behind it is great
But I have loaded the templates into the correct folder and the indicators as well. But everything is showing blue. I’ve tried a few things to make it work but cant
Any ideas?
Thanks
Nick
Same here. I like the concept but all my dashed-bars are Blue. no changes to file names…
hi all.
i couldnt download/save the file.
the code appear directly in html..
what should i do..please help.tq
Right click on the link and choose save target as.
I have checked and double checked to make sure that the file names have not been changed and that they are in the correct folders. I still get blue lines with red dots in them for each of the time frames. I really like your program, it it would only work on my computer. Actually, I have installed it on 2 different computer and I get the same result.
I receive such a comment every now and then. They made me to go through all the stages a few times and check if there is any problem, but I have never fond any problem. The problem is you don’t follow the stages carefully. For example some users have not installed the Smoothed Heikin Ashi on their platform before.
There is no problem at all. It works.
Thank You. I did not realize that you had to have the Smoothed Heikin Ashi on the platform. Now it works.
You’re welcome. It is explained right before the download links that you have to have the Heikin Ashi and Smoothed Heikin Ashi before you install the other indicators.
HI VAHID,
DO THESE TEMPS. REPAINT?
EG. ON ONE MIN CHART, CAN THE SIGNAL OF 30 MIN HAS BE CHANGED?
THX
Hi-
I love this indicator(s)!
Just one suggestion that will make it perfect for me - is it possible to fix the timeframe shown by the 4 or 8 indicators? if I have HAS Upper A&B and HAS Lower A&B attached to my chart on the M1 TF, I will get the HAS bars from M1 all the way to W1. but once I move to M30 or H1 I get multiple lines all showing the HAS for MN. What I would love is to be able to select what TFs to be shown for each of the bars, ie. I am on the H1 chart, but the HAS Bar still shows me from M1 - W1.
I trade on the M5 - H1 chart most of the time - so whilst I can get at a glance what the bigger picture is, it would be nice to know what’s going on at the smaller TFs too as its whats going on the smaller TFs that make up the candles on the bigger TFs!
Great job on this once again!
hi, how do i take the writing of the smoothed heiki on the left of the screen, it is over my ea that i use then i cant see what is happening\
please help
is it possible to to have 1 smaller TF and 2 larger TF instead of all 3 larger TF? Can I have the .mql files for the indicators to modify them?