Multi-Timeframe MACD Slope Divergence for Detecting Divergences

Summary

This document describes an expanded version of a MACD slope divergence indicator. Its stated additions are optional background coloring for possible channels and support for multiple timeframes. Alongside standard MetaTrader 5 timeframes, it offers three relative timeframe choices: the next, second-next, and third-next timeframe above the chart's current interval. The stated use is detecting divergences.

The material is a brief feature description rather than a full explanation of the divergence method. It does not define the slope calculation, divergence rules, signal timing, or how channel backgrounds are determined. No examples, code, backtest, performance statistics, or risk guidance are included, so the description alone is insufficient to assess signal quality or translate the indicator into a complete trading strategy. Users would need the original indicator description or implementation details to understand its calculations and evaluate it across markets and timeframes.

Key ideas

• The indicator extends a MACD slope divergence tool with multi-timeframe support.
• It supports the next three higher timeframes relative to the chart interval.
• Possible channels can receive a background color, which can also be disabled.
• The stated purpose is divergence detection, but calculation rules and signal timing are not provided.
• The document includes no examples or performance evidence.

Tags

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