Blockcircle Heikin-Ashi Multi-Timeframe

The BLOCKCIRCLE HEIKIN-ASHI MULTI-TIMEFRAME indicator displays Heikin-Ashi price data across multiple timeframes simultaneously, giving you a clear picture of trend direction from your current chart all the way up to monthly views.

Instead of flipping between charts to check if higher timeframes agree with your trade idea, everything sits right in front of you on a single unified view.

The core concept is simple: when multiple timeframes show the same trend direction, the probability of a successful trade increases. When they disagree, you might want to wait for better alignment or reduce your position size.

WHAT MAKES THIS INDICATOR ORIGINAL AND DIFFERENT

While Heikin-Ashi candles and multi-timeframe analysis are established concepts, this indicator extends beyond simple HA plotting in several ways that justify its protected source status.

First, the summary scoring algorithm calculates a directional score from 0 to 100 that quantifies trend alignment across all enabled timeframes. This is not simply counting bullish versus bearish readings. The score incorporates the current timeframe alongside higher timeframes, weights each contribution, and produces a single metric that represents overall market structure bias.

Second, the indicator includes an intelligent auto-timeframe system that dynamically selects appropriate higher timeframes based on your current chart. Rather than requiring manual configuration, the algorithm maps each chart timeframe to a logical hierarchy of higher timeframes. A 15-minute chart automatically receives 30-minute, 1-hour, 2-hour, 4-hour, and 8-hour references. A daily chart receives 3-day, weekly, 2-week, monthly, and quarterly references. This mapping logic ensures meaningful timeframe relationships regardless of where you trade.

Third, the alignment quality calculation measures how decisive the current trend reading is, regardless of direction. A score where 80 percent of timeframes agree in either direction produces a high alignment quality rating, while a 50/50 split produces low quality. This helps traders distinguish between strong conviction setups and ambiguous market conditions.

Fourth, the stability factor tracks how many timeframes have recently changed direction. Markets where multiple timeframes are actively flipping carry different risk characteristics than markets where all timeframes have maintained their direction for extended periods. The stability calculation converts recent change counts into a percentage that feeds into the overall assessment.

Fifth, the confidence rating system interprets the raw data and translates it into actionable guidance. High confidence requires near-complete alignment across timeframes. Medium confidence requires majority agreement. Low confidence indicates mixed conditions. This interpretation layer helps traders who prefer clear guidance over raw numbers.
These proprietary elements, particularly the auto-timeframe mapping, the multi-factor scoring system, and the stability tracking, represent original development work that extends meaningfully beyond standard Heikin-Ashi MTF implementations available elsewhere.

KEY FEATURES

• Multi-Timeframe Heikin-Ashi Display: View up to five higher timeframes plotted directly on your chart alongside the current timeframe
  
• Each timeframe shows both the open and close values as separate lines, with optional fill between them
  
• Heikin-Ashi smoothing filters out market noise better than standard candlesticks, making trend direction easier to identify
  
• All timeframe data updates in real-time as new bars form

Professional Dashboard Panel

• Summary score from 0 to 100 that quantifies overall trend alignment at a glance
  
• Individual timeframe breakdown showing exact open and close prices, trend direction, and whether a change just occurred
  
• Statistics section with trend strength percentage, timeframe alignment count, and recent change tracking
  
• Signal status that interprets the data and suggests whether conditions favour buying, selling, or staying neutral
  
• Confidence rating based on how many timeframes agree with each other
  
• Compact mode option for traders who prefer a smaller footprint on their charts
  

Visual Customisation Options

• Three display modes: lines only for a clean look, lines with fill for easier trend visualisation, or cloud style for a more distinct separation between levels
  
• Full colour control for each timeframe so you can match your existing chart theme
  
• Adjustable line widths and optional midline display showing the average of open and close
  
• Background colour shading that changes based on overall trend alignment
  
• Trend change arrows that appear automatically when a timeframe flips direction
  

Practical Alert System

• Individual alerts for each timeframe when it switches from bullish to bearish or vice versa
  
• Combined alert when all enabled timeframes align in the same direction
  
• Single master alert that fires whenever any timeframe changes, useful for staying informed without setting up multiple notifications
  
• Strong trend detection alert when alignment score crosses above key thresholds
  

HOW TO USE
Setting Up Your Timeframes

Start by choosing timeframes that match your trading style. If you trade the 15-minute chart, enable the 1-hour, 4-hour, and daily timeframes. If you swing trade on the daily, consider the 3-day, weekly, and monthly timeframes.

Give each timeframe a custom label that makes sense to you. The dashboard will display these labels, so use whatever helps you read the information quickly.

You do not need to enable all five timeframes. Many traders find that three or four provide enough context without cluttering the chart.

How to Read the Dashboard
Check the summary row first. A score above 70 with a clear bullish or bearish bias suggests strong alignment. Scores between 40 and 70 indicate mixed conditions where caution is warranted.

Look at the alignment count to see exactly how many timeframes agree. Four out of five being bullish is more convincing than two out of five.

Pay attention to the change indicator, shown as a yellow dot next to any timeframe that just flipped. Recent changes often signal the start of a new move but can also be false signals that reverse quickly.

The confidence rating helps newer traders interpret the data. High confidence means most or all timeframes agree, while low confidence suggests waiting for better conditions.

Identifying Trade Opportunities

The strongest signals occur when all enabled timeframes show the same direction. If you see all green across the board, bullish setups are more likely to succeed. The opposite applies when everything points to bearishness.

When the current timeframe flips to match the higher timeframes, this often marks a good entry point. The lower timeframe is now in agreement with the bigger picture.

Avoid trading against multiple higher timeframes. If the 4-hour, daily, and weekly are all bearish, taking long positions on the 15-minute chart is fighting the overall trend.

Use divergences between timeframes as warning signs. If lower timeframes turn bullish but higher timeframes remain bearish, the rally may be a pullback within a larger downtrend rather than a true reversal.

Managing Risk with Timeframe Analysis

Consider position sizing based on alignment. Full positions when alignment is strong, reduced size when conditions are mixed.

Place stops beyond the higher timeframe structure. If the daily Heikin-Ashi open sits at a certain level, that level often acts as support or resistance.

When higher timeframes start changing direction one by one, this often signals a larger trend shift developing. Take profits or tighten stops on existing positions.

The trend strength percentage gives you a quick read on momentum. Above 80 percent suggests strong conviction in one direction. Below 40 percent suggests the opposite direction dominates.

Combining with Other Analysis

This indicator works well alongside volume analysis. Strong trend alignment with increasing volume adds confidence to the signal.

You can see use the trend change arrows as added confluence towards a trend break as you see below

Support and resistance levels from higher timeframes carry more weight. Use the higher timeframe Heikin-Ashi values as dynamic support and resistance zones.

Combine with momentum oscillators for timing. When the indicator shows alignment and an oscillator shows oversold or overbought conditions, the setup becomes more compelling.
Price action patterns that form in the direction of multi-timeframe alignment have better follow-through than those forming against it.

LIMITATIONS

This indicator uses Heikin-Ashi calculations, which by design lag behind standard price action. Signals confirm trends rather than predict them, and early entries require additional confirmation from other methods.

The auto-timeframe feature selects higher timeframes based on predefined mappings. These mappings work well for most trading styles but may not suit every specific use case. Manual override is available for traders who prefer custom timeframe combinations.

During extended consolidation periods, the summary score may oscillate around 50 percent and produce mixed readings. The indicator performs best when markets exhibit clear directional movement.

Multi-timeframe alignment does not guarantee trade success. Markets can and do reverse even when multiple timeframes agree. Proper risk management and position sizing remain essential regardless of alignment score.

This indicator should be used as part of a complete trading approach. It provides trend context and alignment analysis but does not replace fundamental analysis, risk management, or trading discipline.