This indicator is based on the MACD applied on one or more timeframes and on any cross-pair.

When a buy or sell signal is detected, the indicator displays a pop-up alert. It also draws a vertical bar on the price chart: green for buy, red for sell, yellow for flat.

Pop-up messages and vertical bars are displayed for BUY or SELL signals when the MACD values are consistent on all selected timeframes, otherwise a FLAT signal is generated.

Flexible settings:

• Detecting the MACD signal on one or more timeframes
• Setting the MACD levels

Good results were obtained with the default parameters.

For example: you run the indicator on a chart with the H1 timeframe, set Active_Macd_for_H1 to ” true “and Active_Macd_for_D1 to” true ” (standard settings).

The indicator uses standard MACD parameters:

• Fast EMA = 12
• Slow EMA = 26
• MACD SMA = 9

Macd Monitoring Timeframe Activation-enable the timeframe for tracking MACD signals

• Active_Macd_for_M1 – true/false, calculated on the M1 timeframe.
• Active_Macd_for_M5 – true/false, calculated on the M5 timeframe.
• Active_Macd_for_M15 – true/false, calculated on the M15 timeframe.
• Active_Macd_for_M30 – true/false, calculated on the M30 timeframe.
• Active_Macd_for_H1 – true/false, calculated on the H1 timeframe.
• Active_Macd_for_H4 – true/false, calculated on the H4 timeframe.
• Active_Macd_for_D1 – true/false, calculated on the D1 timeframe.
• Active_Macd_for_W1 – true/false, calculated on the W1 timeframe.
• Active_Macd_for_MN1 – true/false, calculated on the MN timeframe.

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In the examples in the screenshots, there is a MACD oscillator that appears in separate windows. It is not the result of “MTF_Macd_Signals”.

You can display it by running the standard oscillator from the delivery of MetaTrader 4 or another free program.

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