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

The main problem with a conventional multi-time frame indicator is the need to REDRAW it if a trader decides to use such an indicator in their trading strategy.

Most likely, you already know how the multi-time frame indicator is redrawn. However, I will still explain with the following example:

Let’s assume that you are using a regular multi-time frame MACD (H4) on the chart (H1). At 15:20, the MACD (H4) fell below 0. What happens on the H1 chart? The MACD on the candlesticks 13: 00, 14: 00 and 15: 00 will fall below zero, so you will miss the intersection of the zero line of the MACD (the main event for Expert Advisors using the MACD).

Our solution is a non-redrawing MTF MACD indicator. We cannot reveal the idea of the indicator, but we guarantee that there will be no redrawing on closed bars.

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

• DesiredTF-an empty value is set for the current timeframe.
• DesiredTFHelp – capital letters must be considered. h1 is not suitable for the H1 timeframe. It is also not allowed to use a timeframe less than the current one. For example, you can’t use M5 on the M15 chart.
• FastMAPeriod – fast EMA period (default is 12).
• SlowMAPeriod – the period of the slow EMA (default is 26).
• SignalMAPeriod – the signal EMA period (9 by default).
• TimeFrameChangeAlerts – if true, the indicator activates alerts when the timeframe changes.
• TrendChangeAlerts – if true, the indicator activates alerts when the trend changes on the desired timeframe.

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The screenshots show 5 MACD indicators on different timeframes with the default MA settings.

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