OPEN-SOURCE SCRIPT
Updated MACD + CMF MTF Signals
Multi‑timeframe MACD combined with manual CMF as volume filter, generating confluence buy/sell signals
Release Notes
The script combines a multi‑timeframe MACD with a multi‑timeframe Chaikin Money Flow (CMF) to identify momentum shifts confirmed by volume pressure. It plots MACD, its signal line, a color‑coded histogram that highlights rising vs. falling momentum, and generates buy/sell signals when MACD crossovers align with positive or negative CMF. Alerts are included so the signals can be automated.Release Notes
The script combines a multi‑timeframe MACD with a multi‑timeframe Chaikin Money Flow (CMF) to identify momentum shifts confirmed by volume pressure. It plots MACD, its signal line, a color‑coded histogram that highlights rising vs. falling momentum, and generates buy/sell signals when MACD crossovers align with positive or negative CMF. Alerts are included so the signals can be automated.Release Notes
The script combines a multi‑timeframe MACD with a multi‑timeframe Chaikin Money Flow (CMF) to identify momentum shifts confirmed by volume pressure. It plots MACD, its signal line, a color‑coded histogram that highlights rising vs. falling momentum, and generates buy/sell signals when MACD crossovers align with positive or negative CMF. Alerts are included so the signals can be automated.Release Notes
Script Description (English)This script combines a multi‑timeframe MACD with a multi‑timeframe Chaikin Money Flow (CMF) to create a unified momentum‑and‑volume indicator. It plots the MACD line, signal line, and a momentum‑sensitive histogram where falling bars turn light gray to highlight weakening momentum. The CMF is automatically scaled so it remains clearly visible in the same panel, regardless of timeframe or asset volatility. Buy and sell signals appear when MACD crossovers align with positive or negative CMF, providing volume‑confirmed momentum entries. Alerts are included for automated signal detection.
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.