DESCRIPTION:
After receiving some multiple request to provide a MACD indicator that displays multiple timeframes at the same time I created this simple script.
You can use this script for free and adjust it as much you like.
With this script you can plot 6 MACD lines & 6 Signal lines.
• Current Timeframe MACD Line
• Current Timeframe Signal Line
• 15 minute candle MACD Line
• 15 minute candle Signal Line
• 30 minute candle MACD Line
• 30 minute candle Signal Line
• 1 hour candle MACD Line
• 1 hour candle Signal Line
• 2 hour candle MACD Line
• 2 hour candle Signal Line
• 4 hour candle MACD Line
• 4 hour candle Signal Line
HOW TO USE:
• When multiple MACD lines on an uptrend are grouped together it is time to SELL.
• When multiple MACD lines on a downtrend are grouped together it is time to BUY.
• The higher to length of the MACD lines the stronger the BUY/SELL signal.
FEATURES:
• You can show/hide the preferred MACD lines.
• You can show/hide the preferred Signal lines.
How MACD works
The MACD indicator is generated by subtracting two exponential moving averages (EMAs) to create the main line (MACD line), which is then used to calculate another EMA that represents the signal line. In addition, there is the MACD histogram, which is calculated based on the differences between those two lines. The histogram, along with the other two lines, fluctuates above and below a center line, which is also known as the zero line.
The MACD indicator consists of three elements moving around the zero line:
• The MACD line. By default the MACD line is calculated by subtracting the 26-day EMA from the 12-day EMA.
MACD line = 12d EMA - 26d EMA
• The signal line. By default the signal line is calculated from a 9-day EMA of the MACD line.
Signal line = 9d EMA of MACD line
• Histogram. The histogram is nothing more than a visual record of the relative movements of the MACD line and the signal line.
It is simply calculated as: MACD line - signal line
REMARKS:
• This advice is NOT financial advice.
• We do not provide personal investment advice and we are not a qualified licensed investment advisor.
• All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice.
• We will not and cannot be held liable for any actions you take as a result of anything you read here.
• We only provide this information to help you make a better decision.
• While the information provided is believed to be accurate, it may include errors or inaccuracies.
Good Luck,
SEOCO
After receiving some multiple request to provide a MACD indicator that displays multiple timeframes at the same time I created this simple script.
You can use this script for free and adjust it as much you like.
With this script you can plot 6 MACD lines & 6 Signal lines.
• Current Timeframe MACD Line
• Current Timeframe Signal Line
• 15 minute candle MACD Line
• 15 minute candle Signal Line
• 30 minute candle MACD Line
• 30 minute candle Signal Line
• 1 hour candle MACD Line
• 1 hour candle Signal Line
• 2 hour candle MACD Line
• 2 hour candle Signal Line
• 4 hour candle MACD Line
• 4 hour candle Signal Line
HOW TO USE:
• When multiple MACD lines on an uptrend are grouped together it is time to SELL.
• When multiple MACD lines on a downtrend are grouped together it is time to BUY.
• The higher to length of the MACD lines the stronger the BUY/SELL signal.
FEATURES:
• You can show/hide the preferred MACD lines.
• You can show/hide the preferred Signal lines.
How MACD works
The MACD indicator is generated by subtracting two exponential moving averages (EMAs) to create the main line (MACD line), which is then used to calculate another EMA that represents the signal line. In addition, there is the MACD histogram, which is calculated based on the differences between those two lines. The histogram, along with the other two lines, fluctuates above and below a center line, which is also known as the zero line.
The MACD indicator consists of three elements moving around the zero line:
• The MACD line. By default the MACD line is calculated by subtracting the 26-day EMA from the 12-day EMA.
MACD line = 12d EMA - 26d EMA
• The signal line. By default the signal line is calculated from a 9-day EMA of the MACD line.
Signal line = 9d EMA of MACD line
• Histogram. The histogram is nothing more than a visual record of the relative movements of the MACD line and the signal line.
It is simply calculated as: MACD line - signal line
REMARKS:
• This advice is NOT financial advice.
• We do not provide personal investment advice and we are not a qualified licensed investment advisor.
• All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice.
• We will not and cannot be held liable for any actions you take as a result of anything you read here.
• We only provide this information to help you make a better decision.
• While the information provided is believed to be accurate, it may include errors or inaccuracies.
Good Luck,
SEOCO
Release Notes:
Announcement: MACD Multiple TimeFrames - New Version v2.0 Available
We are excited to introduce the latest version of our MACD Multiple TimeFrames indicator, packed with new features and improvements:
Unified MACD and MACDSignal Line:
Now, you have the option to display the MACD and MACDSignal as a single, cohesive cloud line for a clearer visual representation.
Interactive Table Box:
Explore a new Table box that conveniently presents detailed information about MACD values across various timeframes, providing you with a comprehensive view of market data at your fingertips.
Timeframe Labels without Line Display:
Customize your chart display by showing the Multiple TimeFrame labels independently, without the need to display the MACD and MACDSignal lines, offering more flexibility in your analysis.
Average Line Removal:
In response to user feedback, we have removed the average line, which had caused confusion regarding trend direction. This change streamlines your analysis for a more intuitive experience.
To access the latest version our MACD Multiple TimeFrames Indicator, simply remove the existing indicator in TradingView and then re-add it to benefit from these enhanced features, enhancing your trading and analysis capabilities.
We want to remind you that all our code remains open-source and can be freely used in accordance with the terms of the Mozilla Public License 2.0.
Thank you for your continued support and feedback as we strive to make your trading experience even better.
We are excited to introduce the latest version of our MACD Multiple TimeFrames indicator, packed with new features and improvements:
Unified MACD and MACDSignal Line:
Now, you have the option to display the MACD and MACDSignal as a single, cohesive cloud line for a clearer visual representation.
Interactive Table Box:
Explore a new Table box that conveniently presents detailed information about MACD values across various timeframes, providing you with a comprehensive view of market data at your fingertips.
Timeframe Labels without Line Display:
Customize your chart display by showing the Multiple TimeFrame labels independently, without the need to display the MACD and MACDSignal lines, offering more flexibility in your analysis.
Average Line Removal:
In response to user feedback, we have removed the average line, which had caused confusion regarding trend direction. This change streamlines your analysis for a more intuitive experience.
To access the latest version our MACD Multiple TimeFrames Indicator, simply remove the existing indicator in TradingView and then re-add it to benefit from these enhanced features, enhancing your trading and analysis capabilities.
We want to remind you that all our code remains open-source and can be freely used in accordance with the terms of the Mozilla Public License 2.0.
Thank you for your continued support and feedback as we strive to make your trading experience even better.
Release Notes:
Small Update
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