OPEN-SOURCE SCRIPT
MTF MACD Dynamic
█ MACD PULSE MTF
Multi-timeframe MACD with 4-color dynamic histogram.
█ FEATURES
- Multi-timeframe support
- 4-color histogram (trend strength + direction)
- Dynamic MACD/Signal line colors
- Cross markers for entry signals
█ HOW TO USE
HISTOGRAM COLORS:
🟢 Bright Green = Bullish momentum increasing
🟢 Teal = Bullish momentum decreasing
🔴 Bright Red = Bearish momentum increasing
🟠 Orange = Bearish momentum decreasing
SIGNALS:
- Buy: Histogram turns green + MACD crosses above signal
- Sell: Histogram turns red + MACD crosses below signal
- Circle markers show exact cross points
█ SETTINGS
- Fast EMA: 12 (default)
- Slow EMA: 26 (default)
- Signal SMA: 9 (default)
- Custom timeframe: Select any TF while on current chart
█ TIPS
- Use higher timeframe for trend direction
- Combine with support/resistance levels
- Fading colors = potential reversal warning
Multi-timeframe MACD with 4-color dynamic histogram.
█ FEATURES
- Multi-timeframe support
- 4-color histogram (trend strength + direction)
- Dynamic MACD/Signal line colors
- Cross markers for entry signals
█ HOW TO USE
HISTOGRAM COLORS:
🟢 Bright Green = Bullish momentum increasing
🟢 Teal = Bullish momentum decreasing
🔴 Bright Red = Bearish momentum increasing
🟠 Orange = Bearish momentum decreasing
SIGNALS:
- Buy: Histogram turns green + MACD crosses above signal
- Sell: Histogram turns red + MACD crosses below signal
- Circle markers show exact cross points
█ SETTINGS
- Fast EMA: 12 (default)
- Slow EMA: 26 (default)
- Signal SMA: 9 (default)
- Custom timeframe: Select any TF while on current chart
█ TIPS
- Use higher timeframe for trend direction
- Combine with support/resistance levels
- Fading colors = potential reversal warning
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Get exclusive indicators & Alerts: scalping-algo.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Get exclusive indicators & Alerts: scalping-algo.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.