The MACD Multi Time Frame indicator allows you to detect divergences on higher timeframes while searching for exact entry points on lower timeframes.
In this blog, you can find free real-time analysis of MACD divergences and recommendations for trading using divergences( in English): Real-Time MACD Divergence Analysis
The MACD Multi Time Frame provides a good overview of the situation on the higher timeframes without having to switch to the higher timeframe. For example, you can always see the value of the MACD from the H4 timeframe, while you are looking for opportunities to enter H1 or M30.
- referenceTF-drop-down menu with the selection of the timeframe for the MACD. The MACD value from this timeframe will be shown on lower timeframes
- fastEMA-the fast EMA period of the MACD indicator (default is 12)
- slowEMA – the period of the slow EMA of the MACD indicator (by default, 26)
- signal – the period of the signal EMA of the MACD indicator (by default, 9)