This MACD indicator can be applied to any timeframe, higher or lower than the current chart's timeframe.
The values can be calculated based on any of the usual price types. When the indicator is applied to a timeframe lower than the current chart's time frame it's not possible to display all values. In this case, depending on the price type chosen, it will use a different approach to give the most appropriate value.
For any bar on timeframe_1, the indicator will show the latest bar of timeframe_2 with a Close time before or at the Close time of the bar at timeframe_1. This goes for bars that have been closed as well as the current bar that's still open.
For any bar at timeframe_1, the indicator will show the latest bar of timeframe_2 with a opening time before or at the Open time of the bar on timeframe_1. This goes for bars that have been closed as well as the current bar that's still open. The logic here is that if you choose to calculate your indicators on the Open time of a bar then probably you will also trade when a new bar opens. In that case, at the Open of a new 5-minute bar, you will only know the Open of the first of the five 1-minute bars that are part of it. The Open of the second to fifth 1-minute bars are therefore ignored in the calculations.
You can mix any time frame with any other time frame, even if they are not in sync, e.g. timeframe_1 = 5 minutes and timeframe_2 = 12 minutes. The indicator will make sure they stay synced. The way this works is similar to the examples above.
The attached excel sheet (Conversion between timeframes.zip) contains examples of all the possible types of combinations and a more visual explanation. Also take a look at the source code to see how it's done. Hopefully it will help you build your own multi-timeframe indicators.
When switching between time frames, allow some time (a few seconds) for the price data to be loaded. If the indicator is not displayed, refresh the chart manually.
Put both MACD Histogram_MTF_MC.mq5 and MACD_Histogram_MC.mq5 in the terminal_data_folder\MQL5\Indicators for the indicator to work.
Look in the source to switch on/off error messages:
bool ShowErrorMessages=false; // turn on/off error messages for debugging
2010 09 26: v03
2010 08 28: v02B
MACD indicator with MACD line, Signal line and multi-color histogram.ZeroLag MACD
The MACD oscillator with zero lag.
All we want is to think about algorithms and methods, not about syntax and values how to place orders. Here you have simple functions to manage positions in MQL5.RSI multi-timeframe [v03]
RSI indicator, can be applied to any timeframe (higher or lower than the current chart's timeframe).