MACD Divergence MultiTimeFrame [FantasticFox]
This is a MACD divergence on 3 time-frames, 1h, 4h and 1D.
Please insert the indicator into a 1h chart, otherwise change the lengths' inputs.
you will see H1,H2, H3, R1, R2 and R3 in green and maroon colors.
H means hidden divergence, 1 regards to 1h, 2 to 4h, and 3 to 1D. If the color is green, its bullish, and if its maroon the divergence is bearish.
Gray circles on 4h macd is for those traders who want to check the confirmation on Elliott wave changes.
*Thanks to RicardoSantos MACD divergence.
Please insert the indicator into a 1h chart, otherwise change the lengths' inputs.
you will see H1,H2, H3, R1, R2 and R3 in green and maroon colors.
H means hidden divergence, 1 regards to 1h, 2 to 4h, and 3 to 1D. If the color is green, its bullish, and if its maroon the divergence is bearish.
Gray circles on 4h macd is for those traders who want to check the confirmation on Elliott wave changes.
*Thanks to RicardoSantos MACD divergence.
study(title='MACD Divergence MultiTimeFrame [FantasticFox]', shorttitle='MACD Div MTF') source = input(close) f_top_indy(_source)=>_source[4] < _source[2] and _source[3] < _source[2] and _source[2] > _source[1] and _source[2] > _source[0] f_bot_indy(_source)=>_source[4] > _source[2] and _source[3] > _source[2] and _source[2] < _source[1] and _source[2] < _source[0] f_indyize(_source)=>f_top_indy(_source) ? 1 : f_bot_indy(_source) ? -1 : 0 fastLength1 = input(12, minval=1), slowLength1=input(26,minval=1) fastMA1 = ema(source, fastLength1) slowMA1 = ema(source, slowLength1) macd1 = fastMA1 - slowMA1 plot(macd1, color=aqua, linewidth=1) indy_top1 = f_indyize(macd1) > 0 ? macd1[2] : na indy_bot1 = f_indyize(macd1) < 0 ? macd1[2] : na high_prev1 = valuewhen(indy_top1, macd1[2], 1) high_price1 = valuewhen(indy_top1, high[2], 1) low_prev1 = valuewhen(indy_bot1, macd1[2], 1) low_price1 = valuewhen(indy_bot1, low[2], 1) regular_bearish_div1 = indy_top1 and high[2] > high_price1 and macd1[2] < high_prev1 hidden_bearish_div1 = indy_top1 and high[2] < high_price1 and macd1[2] > high_prev1 regular_bullish_div1 = indy_bot1 and low[2] < low_price1 and macd1[2] > low_prev1 hidden_bullish_div1 = indy_bot1 and low[2] > low_price1 and macd1[2] < low_prev1 plotshape(title='+RD', series=regular_bearish_div1 ? macd1[2] : na, text='R1', style=shape.labeldown, location=location.absolute, color=maroon, textcolor=white, offset=-2) plotshape(title='+HD', series=hidden_bearish_div1 ? macd1[2] : na, text='H1', style=shape.labeldown, location=location.absolute, color=maroon, textcolor=white, offset=-2) plotshape(title='-RD', series=regular_bullish_div1 ? macd1[2] : na, text='R1', style=shape.labelup, location=location.absolute, color=green, textcolor=white, offset=-2) plotshape(title='-HD', series=hidden_bullish_div1 ? macd1[2] : na, text='H1', style=shape.labelup, location=location.absolute, color=green, textcolor=white, offset=-2) /////// 4h fastLength2 = input(48, minval=1), slowLength2=input(104,minval=1) fastMA2 = ema(source, fastLength2) slowMA2 = ema(source, slowLength2) macd2 = fastMA2 - slowMA2 plot(macd2, color=aqua, linewidth=1) indy_top2 = f_indyize(macd2) > 0 ? macd2[2] : na indy_bot2 = f_indyize(macd2) < 0 ? macd2[2] : na high_prev2 = valuewhen(indy_top2, macd2[2], 1) high_price2 = valuewhen(indy_top2, high[2], 1) low_prev2 = valuewhen(indy_bot2, macd2[2], 1) low_price2 = valuewhen(indy_bot2, low[2], 1) regular_bearish_div2 = indy_top2 and high[2] > high_price2 and macd2[2] < high_prev2 hidden_bearish_div2 = indy_top2 and high[2] < high_price2 and macd2[2] > high_prev2 regular_bullish_div2 = indy_bot2 and low[2] < low_price2 and macd2[2] > low_prev2 hidden_bullish_div2 = indy_bot2 and low[2] > low_price2 and macd2[2] < low_prev2 plotshape(title='+RD', series=regular_bearish_div2 ? macd2[2] : na, text='R2', style=shape.labeldown, location=location.absolute, color=maroon, textcolor=white, offset=-2) plotshape(title='+HD', series=hidden_bearish_div2 ? macd2[2] : na, text='H2', style=shape.labeldown, location=location.absolute, color=maroon, textcolor=white, offset=-2) plotshape(title='-RD', series=regular_bullish_div2 ? macd2[2] : na, text='R2', style=shape.labelup, location=location.absolute, color=green, textcolor=white, offset=-2) plotshape(title='-HD', series=hidden_bullish_div2 ? macd2[2] : na, text='H2', style=shape.labelup, location=location.absolute, color=green, textcolor=white, offset=-2) ////////// 1D fastLength3 = input(288, minval=1), slowLength3=input(624,minval=1) fastMA3 = ema(source, fastLength3) slowMA3 = ema(source, slowLength3) macd3 = fastMA3 - slowMA3 plot(macd3, color=aqua, linewidth=1) indy_top3 = f_indyize(macd3) > 0 ? macd3[2] : na indy_bot3 = f_indyize(macd3) < 0 ? macd3[2] : na high_prev3 = valuewhen(indy_top3, macd3[2], 1) high_price3 = valuewhen(indy_top3, high[2], 1) low_prev3 = valuewhen(indy_bot3, macd3[2], 1) low_price3 = valuewhen(indy_bot3, low[2], 1) regular_bearish_div3 = indy_top3 and high[2] > high_price3 and macd3[2] < high_prev3 hidden_bearish_div3 = indy_top3 and high[2] < high_price3 and macd3[2] > high_prev3 regular_bullish_div3 = indy_bot3 and low[2] < low_price3 and macd3[2] > low_prev3 hidden_bullish_div3 = indy_bot3 and low[2] > low_price3 and macd3[2] < low_prev3 plotshape(title='+RD', series=regular_bearish_div3 ? macd3[2] : na, text='R3', style=shape.labeldown, location=location.absolute, color=maroon, textcolor=white, offset=-2) plotshape(title='+HD', series=hidden_bearish_div3 ? macd3[2] : na, text='H3', style=shape.labeldown, location=location.absolute, color=maroon, textcolor=white, offset=-2) plotshape(title='-RD', series=regular_bullish_div3 ? macd3[2] : na, text='R3', style=shape.labelup, location=location.absolute, color=green, textcolor=white, offset=-2) plotshape(title='-HD', series=hidden_bullish_div3 ? macd3[2] : na, text='H3', style=shape.labelup, location=location.absolute, color=green, textcolor=white, offset=-2) /////////////// plot(title='H D', series=indy_top2, style=circles, color=regular_bearish_div2 or hidden_bearish_div2 ? maroon : gray, linewidth=3, offset=-2) plot(title='L D', series=indy_bot2, style=circles, color=regular_bullish_div2 or hidden_bullish_div2 ? green : gray, linewidth=3, offset=-2)