Multi-Timeframe MACD Panels with Automatic Timeframe Selection

Summary

This indicator plots conventional MACD, signal, and histogram values for the chart timeframe, then adds compact higher-timeframe panels for visual comparison. Histogram colors encode both whether values are above or below zero and whether they are rising or falling. A table can display current signal values for the selected timeframes, and optional candles provide price context within each panel.

Users can choose one to four panels, set timeframes manually, or let the script select them from a fixed ladder above the chart timeframe. Panel placement, scale, spacing, candle appearance, and table location are adjustable. The document explains a visualization and configuration method rather than a trading rule: it supplies no entry or exit signals, backtest results, or evidence that MACD readings predict returns. As with other multi-timeframe displays, users should understand how the current higher-timeframe bar updates before treating its values as confirmed.

Key ideas

• The indicator displays MACD, signal, and histogram values for the chart timeframe.
• Histogram colors distinguish sign and whether the histogram is rising or falling.
• One to four higher-timeframe panels can use automatic or manual timeframe selection.
• Panel size, placement, candles, and value tables are configurable.
• The tool provides context for analysis but does not define trades or report strategy performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.