Multi Time Frame MACD Bars indicator for MetaTrader 4 Download - Free

The Multi-Timeframe MACD Bars Indicator is one of the MetaTrader 4 indicators designed based on the MACD indicator, providing traders with the ability to analyze across multiple timeframes.

This indicator displays the MACD status in the form of a histogram with four colors.

These features help traders to better understand the price trends and reversal points, allowing them to determine their trading positions with greater precision.

Additionally, the indicator can be configured to display the MACD status on different timeframes, enabling traders to perform accurate multi-timeframe analysis.

Indicator Table

The specifications of the indicator are shown in the table below:

Uptrend

In the 5-minute WTI chart, the Multi Time Frame MACD Bars indicator shows green and blue histograms.

The green histogram signals buyer strength (MACD above its signal line), while the blue histogram confirms the uptrend (MACD crossing above zero). 

These signals mark the start of an uptrend, offering a good entry opportunity for traders.

Downtrend

On the 30-minute S&P 500 chart, the Multi Time Frame MACD Bars indicator shows red and orange histograms.

The red histogram indicates strong selling pressure (MACD below its signal line), while the orange histogram confirms the downtrend (MACD crossing below zero). 

Together, these signals mark the start of a downtrend, offering traders a promising sell entry.

Indicator Settings

Below are the settings related to the indicator:

Display Settings

• Chart theme: Select a custom theme for the indicator;

Indicator Settings

• Timeframe: Set the MACD timeframe;
• Fast ma period: Set the fast-moving average period for MACD;
• Slow ma period: Set the slow-moving average period for MACD;
• Signal period: Set the MACD signal line period;
• Lookback: Set the number of candles for calculation and display.

Conclusion

The Multi-Timeframe MACD Bar Oscillator is a practical and effective tool for traders who The Multi-Timeframe MACD Bar Oscillator is a practical tool for traders using MACD in their analysis, providing Signal and Prediction Indicator in MetaTrader 4

to identify trading opportunities. With four colors displaying MACD conditions, it helps traders recognize key market points. Additionally, its adjustable timeframe feature allows seamless multi-timeframe analysis for precise trading decisions.