Market / MetaTrader 4 / Indicators /

Advanced MTF MACD

30 USD

Demo downloaded: 533

Published: 14 April 2014

Current version: 1.1

Advanced MTF MACD

Indicators
Bacha Rehman
Bacha Rehman
Pakistan

5006
4.7 (23)
I am experienced programmer and provide state of the art solutions and products using cAlgo, MT4, MT5, Ninja-Trader and other algorithmic trading platforms.
What I offer is as follow:
1) The software will correspond completely to all of your requirements.

2 products 2 topics 30 comments
Version: 1.1
Updated: 3 July 2018
Activations: 20

MACD – multiple timeframes
Indicator name: MACDMTF
Indicator used: MACD

Traditional multiple timeframe indicator always has an issue of REPAINTING, when a trader wants to establish his/her strategy using Multi-Time-Frame (MTF).

Generally, you should know how MTF indicator re-paints. But I will explain with the following example:

Suppose that you are using traditional MTF MACD (H4) in (H1) chart. At 15:20, the MACD (H4) dropped below water line (0 level). Now, what happens on H1 chart? MACD of Candle 13:00, 14:00 and 15:00 will drop below the water line, hence you missed the opportunity of MACD zero line cross event (which most of the EA adopts for trading on MACD).

Here we present a solution by introducing a non-repainting MTF MACD indicator. We cannot explain the idea but we can guarantee no repaints on closed bars.

Supported timeframes: M1,M5, M15, M30, H1, H4 and D1.

Input Parameters

DesiredTF - empty value means the current timeframe.
DesiredTFHelp - please consider capital letters. h1 will not be accepted for H1. Also, you cannot enter the timeframe smaller than the current one. For example, you cannot enter M5 on M15 chart.
FastMAPeriod - fast EMA Period (Default 12).
SlowMAPeriod - slow EMA Period (Default 26).
SignalMAPeriod - signal EMA Period (Default 9).
TimeFrameChangeAlerts - if true, then indicator will give alerts when the indicator's timeframe is changed.
TrendChangeAlerts - if true, then indicator will give alerts when the trend is changed in the desired timeframe.

For demonstration purpose, 5 separate MACD indicators are displayed on the screenshots with different timeframes using default MA settings.

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Advanced MTF MACD

Bacha Rehman

Input Parameters