OPEN-SOURCE SCRIPT
3 Timeframe MACD
3 Timeframe MACD Indicator
This indicator provides a multi-timeframe visualization of the MACD (Moving Average Convergence Divergence), enabling traders to analyze momentum and trend signals effectively across different timeframes.
Key Features:
Multi-Timeframe Capability:
Timeframe 1: Automatically uses the chart's current timeframe and displays the MACD Histogram along with the MACD line and Signal line.
Timeframe 2: A user-defined timeframe (default: 4 hours) displays both the MACD line and Signal line for trend and crossover analysis.
Timeframe 3: Another user-defined timeframe (default: 1 day) also displays the MACD line and Signal line, with increased line thickness for emphasis.
Dynamic Histogram Plot:
Timeframe 1's histogram is color-coded:
Green shades for positive values (brighter for increasing momentum).
Red shades for negative values (darker for increasing negative momentum).
Customizable MACD Parameters:
Adjustable Fast Length, Slow Length, and Signal Length to tailor the MACD calculation to specific trading styles or assets.
Clear and Distinct Visualizations:
Timeframe 1 includes the MACD Histogram with MACD and Signal lines for a detailed momentum view.
Timeframes 2 and 3 highlight the MACD and Signal lines in distinct colors for easy differentiation.
Use Case:
Ideal for traders seeking to monitor momentum changes (via Histogram) and trend/crossover signals (via MACD and Signal lines) across the current and two higher/lower timeframes.
Enhances decision-making by providing multi-timeframe confluence for trend-following or countertrend strategies.
This indicator is particularly useful for traders looking for a streamlined way to incorporate multi-timeframe analysis into their trading workflow.
This indicator provides a multi-timeframe visualization of the MACD (Moving Average Convergence Divergence), enabling traders to analyze momentum and trend signals effectively across different timeframes.
Key Features:
Multi-Timeframe Capability:
Timeframe 1: Automatically uses the chart's current timeframe and displays the MACD Histogram along with the MACD line and Signal line.
Timeframe 2: A user-defined timeframe (default: 4 hours) displays both the MACD line and Signal line for trend and crossover analysis.
Timeframe 3: Another user-defined timeframe (default: 1 day) also displays the MACD line and Signal line, with increased line thickness for emphasis.
Dynamic Histogram Plot:
Timeframe 1's histogram is color-coded:
Green shades for positive values (brighter for increasing momentum).
Red shades for negative values (darker for increasing negative momentum).
Customizable MACD Parameters:
Adjustable Fast Length, Slow Length, and Signal Length to tailor the MACD calculation to specific trading styles or assets.
Clear and Distinct Visualizations:
Timeframe 1 includes the MACD Histogram with MACD and Signal lines for a detailed momentum view.
Timeframes 2 and 3 highlight the MACD and Signal lines in distinct colors for easy differentiation.
Use Case:
Ideal for traders seeking to monitor momentum changes (via Histogram) and trend/crossover signals (via MACD and Signal lines) across the current and two higher/lower timeframes.
Enhances decision-making by providing multi-timeframe confluence for trend-following or countertrend strategies.
This indicator is particularly useful for traders looking for a streamlined way to incorporate multi-timeframe analysis into their trading workflow.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.