Mtf Macd Jo
- Indicatori
- Versione: 1.2
The MTF MACD.mq5 indicator is a custom technical indicator designed for the MetaTrader 5 (MT5) platform . It is a Multi-Timeframe (MTF) implementation of the standard MACD (Moving Average Convergence Divergence) indicator .
With the MTF capability, you can view MACD signals from a higher timeframe (e.g., H1 or D1) directly on your active chart timeframe (e.g., M5 or M15) without switching chart views .
Visual Display & Features
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Separate Window: Displays in an indicator window below the main price chart ( indicator_separate_window ) .
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MACD Histogram (Main Line): Rendered as silver bar histograms ( clrSilver ) with a width of 2 .
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Signal Line: Rendered as a single solid red line ( clrRed ) .
Input Parameters
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InpTimeframe: Sets the target higher timeframe for MACD calculations (Default: H1) .
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InpFastEMA: Period for the fast Exponential Moving Average (Default: 12) .
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InpSlowEMA: Period for the slow Exponential Moving Average (Default: 26) .
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InpSignalSMA: Period for the Signal Line (Default: 9) .
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InpAppliedPrice: Price type used for calculations, such as Close price (Default: PRICE_CLOSE ) .
How It Works
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MTF Data Retrieval: Initializes an internal iMACD handle calculated on the specified target timeframe .
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Time Synchronization: Uses the iBarShift function to match each candlestick timestamp on the active chart with the corresponding bar on the higher timeframe .
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Data Mapping: Copies the higher timeframe MACD and Signal buffer values and projects them onto the active chart in real-time .
Practical Use Case
This indicator simplifies top-down analysis. Traders can quickly identify the higher-timeframe trend direction while searching for lower-timeframe entry points within a single chart window.
