MultiMACD Signal Indicator for Comparing Six Time Frames

Summary

MultiMACDSignal displays trend information using six MACD indicators calculated on different time frames. Each indicator appears as a separate line, with color indicating the relationship between the MACD histogram and its signal line: green when the histogram is above and pink when it is below. Colored points mark when a bar for the corresponding time frame is changing.

The document describes the indicator’s display conventions but does not explain how to combine its signals into entries or exits, specify the time frames, or provide backtest results. It therefore serves as a visual multi-time-frame trend aid, while leaving trading rules and evidence of effectiveness to the user.

Key ideas

• The indicator displays six MACD readings from different time frames.
• Each reading is represented by a line whose color reflects the histogram’s position relative to its signal line.
• Colored points indicate when the bar for a given time frame is changing.
• The description gives no trading rules or performance evidence for using the indicator.

Tags

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