OPEN-SOURCE SCRIPT
Matt's 5m-15m-1h MACD Alignment Moment Signals
This indicator for TradingView is designed to pinpoint the exact moment a high-probability, multi-timeframe trend alignment occurs. It provides specific, single-candle alerts ("buy" or "sell arrows) based on the simultaneous direction of three key timeframes.
What the Indicator Does
The indicator waits for the 1-hour, 15-minute, and 5-minute MACD indicators to all agree on the market's direction.
Crucially, it only plots an arrow on the specific bar where this alignment first happens. It doesn't continuously show arrows while the trend is ongoing; it alerts you to the initiation point of the unified trend.
How to Interpret the Signals
The indicator provides two clear signals on your chart:
Signal Color Action Interpretation
Green Up Arrow Green Buy Signal The 1H, 15M, and 5M MACDs just aligned in a bullish direction simultaneously. This is a potential entry point for a long trade.
Red Down Arrow Red Sell Signal The 1H, 15M, and 5M MACDs just aligned in a bearish direction simultaneously. This is a potential entry point for a short trade.
Summary
This tool helps an intraday trader identify market shifts where momentum across multiple timeframes converge, offering focused, timely trade entry signals.
For best result only trade in the same direction as the 4 hour and 1 hour bias.
What the Indicator Does
The indicator waits for the 1-hour, 15-minute, and 5-minute MACD indicators to all agree on the market's direction.
Crucially, it only plots an arrow on the specific bar where this alignment first happens. It doesn't continuously show arrows while the trend is ongoing; it alerts you to the initiation point of the unified trend.
How to Interpret the Signals
The indicator provides two clear signals on your chart:
Signal Color Action Interpretation
Green Up Arrow Green Buy Signal The 1H, 15M, and 5M MACDs just aligned in a bullish direction simultaneously. This is a potential entry point for a long trade.
Red Down Arrow Red Sell Signal The 1H, 15M, and 5M MACDs just aligned in a bearish direction simultaneously. This is a potential entry point for a short trade.
Summary
This tool helps an intraday trader identify market shifts where momentum across multiple timeframes converge, offering focused, timely trade entry signals.
For best result only trade in the same direction as the 4 hour and 1 hour bias.
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.
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.
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.