MACD Multi Timeframe MT5

MACD Multi Timeframe MT5

The Multi-Frame MACD Indicator is a robust MetaTrader 5 (MT5) indicator that utilizes the Moving Average Convergence Divergence (MACD) to analyze trends across multiple timeframes. This indicator synchronizes MACD-based trend signals from up to nine timeframes (M1, M5, M15, M30, H1, H4, D1, W1, MN1) and presents them with clear visual cues, including a colored MACD line, signal arrows, and a customizable dashboard. Perfect for traders seeking momentum and trend reversal insights.

Features

• Multi-Timeframe Analysis: Evaluates MACD trends across multiple timeframes to provide a comprehensive market view.

• MACD-Based Strategy: Uses default settings (Fast EMA = 12, Slow EMA = 26, Signal = 9) to determine uptrends (MACD > Signal) and downtrends (MACD < Signal).

• Visual Indicators:

  • MACD Line: Plots the MACD value on the current timeframe, colored green for uptrends and red for downtrends.

  • Signal Arrows: Displays buy (green) and sell (red) arrows when all active timeframes agree on a trend.

  • Dashboard: Shows MACD values and trend status for each timeframe, with color-coded indicators (green for uptrend, red for downtrend).

• Customizable Settings: Adjust Fast EMA, Slow EMA, Signal period, maximum bars, shift, and timeframe selections.

• Notifications: Supports alerts, mobile notifications, and emails when trend changes occur.

• User-Friendly Interface: Configurable panel position and object prefix for multiple instances.

Usage

• Trend Confirmation: Use the multi-timeframe dashboard to identify consensus trends based on MACD crossovers.

• Signal Trading: Enter long positions on green arrows (uptrend) and short positions on red arrows (downtrend).

• Customization: Modify FastEMA, SlowEMA, and SignalPeriod inputs to tailor the indicator to your trading strategy.

• Backtesting: Test the indicator in the MT5 Strategy Tester to evaluate performance over historical data.

Notes

• Ensure sufficient historical data is loaded for all selected timeframes to avoid incomplete calculations.

• Adjust FastEMA, SlowEMA, and SignalPeriod based on the symbol and timeframe for optimal signal accuracy.

• Check the "Experts" tab during backtesting for debug logs (e.g., MACD and Signal values) if needed.

Enjoy!