GMACD_Signals

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Author: Copyright � 2006, MetaQuotes Software Corp.
GMACD_Signals

This script functions as a multi-timeframe analysis tool designed to help traders visualize market trends across various time horizons simultaneously. Instead of forcing you to switch between different charts to see what is happening on smaller and larger scales, it gathers that data into one clear visual display.

Core Logic and Functionality

Multi-Timeframe Data Aggregation The script automatically pulls data from multiple timeframes—ranging from very short-term (1 minute) to long-term (Monthly)—using the MACD (Moving Average Convergence Divergence) indicator. It looks at specific "Fast," "Slow," and "Signal" values to determine the current momentum of the price for each timeframe.

Visual Trend Indicators The tool translates complex numerical data into color-coded text labels on your screen:

  • Directional Signals: Each timeframe (like M1, M5, H1, etc.) is assigned a specific color based on its current movement. Typically, Green represents an upward trend, while Red represents a downward trend.
  • Trend Strength: The script evaluates the relationship between different timeframes to categorize the market state:
    • Strong/Medium/Weak: By comparing how multiple timeframes align (e.g., if the 15-minute, 30-minute, and 1-hour charts are all moving in the same direction), it labels the "Level" of the trend.
    • Trend Direction: It identifies the primary movement (Up/Down) based on a weighted combination of these timeframes.
    • Sideways/Consolidation: If the short-term trends are conflicting (e.g., one is going up while the other is going down), it flags the market as "Sideway."

Major Trend Oversight With an optional setting, the script can also pull in much larger data points, including Daily, Weekly, and Monthly trends. This allows a trader to see if a fast-moving 1-minute trade is actually moving in harmony with the long-term monthly direction.

Summary of User Experience

For a visitor or trader, this script acts as a "dashboard." Instead of manually checking multiple charts to see if the market is trending, the tool provides a row of labels that update in real-time. You can quickly glance at the dashboard to see if the "Major Trend" is healthy, if the immediate "Signal" is favorable, and whether the current price action is "Strong," "Weak," or just moving sideways.

Indicators Used
MACD Histogram
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GMACD_Signals 
//+------------------------------------------------------------------+
//|                                                GMACD_Signals.mq4 |
//|                      Copyright © 2006, MetaQuotes Software Corp. |
//|                                        http://www.metaquotes.net |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2006, MetaQuotes Software Corp."
#property link      "http://www.metaquotes.net"

/*********************************************************************
* Author: Muhammad Hamizi Jaminan (hymns)
* Original Author: CJA
*
* Date: December 14, 2006
* Custom Indicator: GMACD_Signals.mq4
* Version: 1.0.1
* Description: Multi TimeFrame MACD Signal
*
* Change Logs
* Version 1.0.1
* - Rewriting Code. Using less variable & ObjectCreate. Reduce CPU 
*   Usage. Solve multiple object label show on load.
*
* Version G#MACD_Signal #2
* - Release by CJA
**********************************************************************/

#property indicator_separate_window

extern int FastEMA = 8;
extern int SlowEMA = 17;
extern int SignalSMA = 9;
extern bool Show_MAJOR_TREND = true;

//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
int init()
  {
//---- indicators
  IndicatorShortName("GMACD");
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function                       |
//+------------------------------------------------------------------+
int deinit()
  {
//----
   ObjectsDeleteAll(0,OBJ_LABEL);
   ObjectDelete("Label1"); ObjectDelete("Label2"); ObjectDelete("Label3");
   ObjectDelete("DataM1"); ObjectDelete("DataM5"); ObjectDelete("DataM15");
   ObjectDelete("DataM30"); ObjectDelete("DataH1"); ObjectDelete("DataH4");
   ObjectDelete("DataD1"); ObjectDelete("DataW1"); ObjectDelete("DataMN");
   ObjectDelete("Trend1"); ObjectDelete("Trend2"); ObjectDelete("Level1");
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| Custom indicator iteration function                              |
//+------------------------------------------------------------------+
int start()
  {
    int counted_bars = IndicatorCounted();
//----
    double macd_M1=iMACD(NULL,PERIOD_M1,FastEMA,SlowEMA,SignalSMA,PRICE_CLOSE,MODE_MAIN,0); 
    double macd_MM1=iMACD(NULL,PERIOD_M1,FastEMA,SlowEMA,SignalSMA,PRICE_CLOSE,MODE_SIGNAL,0); 
    double macd_M5=iMACD(NULL,PERIOD_M5,FastEMA,SlowEMA,SignalSMA,PRICE_CLOSE,MODE_MAIN,0); 
    double macd_MM5=iMACD(NULL,PERIOD_M5,FastEMA,SlowEMA,SignalSMA,PRICE_CLOSE,MODE_SIGNAL,0);
    double macd_M15=iMACD(NULL,PERIOD_M15,FastEMA,SlowEMA,SignalSMA,PRICE_CLOSE,MODE_MAIN,0); 
    double macd_MM15=iMACD(NULL,PERIOD_M15,FastEMA,SlowEMA,SignalSMA,PRICE_CLOSE,MODE_SIGNAL,0);
    double macd_M30=iMACD(NULL,PERIOD_M30,FastEMA,SlowEMA,SignalSMA,PRICE_CLOSE,MODE_MAIN,0); 
    double macd_MM30=iMACD(NULL,PERIOD_M30,FastEMA,SlowEMA,SignalSMA,PRICE_CLOSE,MODE_SIGNAL,0); 
    double macd_H1=iMACD(NULL,PERIOD_H1,FastEMA,SlowEMA,SignalSMA,PRICE_CLOSE,MODE_MAIN,0); 
    double macd_HH1=iMACD(NULL,PERIOD_H1,FastEMA,SlowEMA,SignalSMA,PRICE_CLOSE,MODE_SIGNAL,0);
    double macd_H4=iMACD(NULL,PERIOD_H4,FastEMA,SlowEMA,SignalSMA,PRICE_CLOSE,MODE_MAIN,0); 
    double macd_HH4=iMACD(NULL,PERIOD_H4,FastEMA,SlowEMA,SignalSMA,PRICE_CLOSE,MODE_SIGNAL,0); 

    if (Show_MAJOR_TREND == true)
    {
    double macd_D1=iMACD(NULL,PERIOD_D1,FastEMA,SlowEMA,SignalSMA,PRICE_CLOSE,MODE_MAIN,0); 
    double macd_DD1=iMACD(NULL,PERIOD_D1,FastEMA,SlowEMA,SignalSMA,PRICE_CLOSE,MODE_SIGNAL,0); 
    double macd_W1=iMACD(NULL,PERIOD_W1,FastEMA,SlowEMA,SignalSMA,PRICE_CLOSE,MODE_MAIN,0); 
    double macd_WW1=iMACD(NULL,PERIOD_W1,FastEMA,SlowEMA,SignalSMA,PRICE_CLOSE,MODE_SIGNAL,0); 
    double macd_MN1=iMACD(NULL,PERIOD_MN1,FastEMA,SlowEMA,SignalSMA,PRICE_CLOSE,MODE_MAIN,0); 
    double macd_MMN1=iMACD(NULL,PERIOD_MN1,FastEMA,SlowEMA,SignalSMA,PRICE_CLOSE,MODE_SIGNAL,0); 
    }
        
    string  trend_signal = "", trend_main = "", trend_level = "";
    color   color_m1, color_m5, color_m15, color_m30, color_h1, color_h4, color_d1, color_w1, color_mn,
            color_signal, color_main, color_level;
           
    // UP Data
    if ((macd_M5 > macd_MM5) && (macd_M1 > macd_MM1)) { trend_signal = "TREND/UP"; color_signal = Lime;}
     //Down Data   
    if ((macd_M5 < macd_MM5) && (macd_M1 < macd_MM1)) { trend_signal = "TREND/DN"; color_signal = Red; }
    
    //Consolidation Data
    if ((macd_M5 < macd_MM5) && (macd_M1 > macd_MM1)) { trend_signal = "SIDEWAY"; color_signal = Orange; }
    if ((macd_M5 > macd_MM5) && (macd_M1 < macd_MM1)) { trend_signal = "SIDEWAY"; color_signal = Orange; }
    
    if ((macd_M15 < macd_MM15) && (macd_M30 > macd_MM30) && (macd_H1 > macd_HH1)&& (macd_H4 < macd_HH4)) { trend_level = "WEAK"; color_level = Tomato; }
    if ((macd_M15 > macd_MM15) && (macd_M30 < macd_MM30) && (macd_H1 < macd_HH1)&& (macd_H4 > macd_HH4)) { trend_level = "WEAK"; color_level = Tomato; }
     
    if ((macd_M15 < macd_MM15) && (macd_M30 > macd_MM30) && (macd_H1 < macd_HH1) && (macd_H4 < macd_HH4)) { trend_level = "MEDIUM"; color_level = Orange; }
    if ((macd_M15 > macd_MM15) && (macd_M30 < macd_MM30) && (macd_H1 > macd_HH1) && (macd_H4 > macd_HH4)) { trend_level = "MEDIUM"; color_level = Orange; }
    
    
    if ((macd_M5 > macd_MM5) && (macd_M15 > macd_MM15) && (macd_M30 > macd_MM30) && (macd_H1 < macd_HH1) && (macd_H4 > macd_HH4)) { trend_level = "MEDIUM"; color_level = Orange; }
    if ((macd_M5 < macd_MM5) && (macd_M15 < macd_MM15) && (macd_M30 < macd_MM30) && (macd_H1 >macd_HH1) && (macd_H4 < macd_HH4)) { trend_level = "MEDIUM"; color_level = Orange; }
    
    if ((macd_M15 < macd_MM15) && (macd_M30 > macd_MM30) && (macd_H1 > macd_HH1)) { trend_main = "TREND/UP"; color_main = YellowGreen; }
    if ((macd_M15 > macd_MM15) && (macd_M30 < macd_MM30) && (macd_H1 < macd_HH1)) { trend_main = "TREND/DN"; color_main = Tomato; }
    
    if ((macd_M15 < macd_MM15) && (macd_M30 < macd_MM30) && (macd_H1 > macd_HH1)) { trend_main = "TREND/DN"; color_main = Tomato; }
    if ((macd_M15 > macd_MM15) && (macd_M30 > macd_MM30) && (macd_H1 < macd_HH1)) { trend_main = "TREND/UP"; color_main = YellowGreen; }
    
    if ((macd_M15 < macd_MM15) && (macd_M30 > macd_MM30) && (macd_H1 < macd_HH1)) { trend_main = "TREND/DN"; color_main = Red; }
    if ((macd_M15 > macd_MM15) && (macd_M30 < macd_MM30) && (macd_H1 > macd_HH1)) { trend_main = "TREND/UP"; color_main = Lime; }
    
    if ((macd_M5 < macd_MM5) && (macd_M15 < macd_MM15) && (macd_H1 > macd_HH1) && (macd_H4 > macd_HH4)) { trend_level = "WEAK"; color_level = Tomato; }
    if ((macd_M5 > macd_MM5) && (macd_M15 > macd_MM15) && (macd_H1 < macd_HH1) && (macd_H4 < macd_HH4)) { trend_level = "WEAK"; color_level = Tomato; }
    
    if ((macd_M15 > macd_MM15) && (macd_H1 > macd_HH1) && (macd_M30 > macd_MM30) && (macd_H4 < macd_HH4)) { trend_level = "MEDIUM"; color_level = Orange; }
    if ((macd_M15 < macd_MM15) && (macd_H1 < macd_HH1) && (macd_M30 < macd_MM30) && (macd_H4 > macd_HH4)) { trend_level = "MEDIUM"; color_level = Orange; }
    
    if ((macd_M15 > macd_MM15) && (macd_H1 > macd_HH1) && (macd_M30 > macd_MM30) && (macd_H4 > macd_HH4)) { trend_level = "STRONG"; color_level = Yellow; }
    if ((macd_M15 < macd_MM15) && (macd_H1 < macd_HH1) && (macd_M30 < macd_MM30) && (macd_H4 < macd_HH4)) { trend_level = "STRONG"; color_level = Yellow; }
    
    if ((macd_M15 > macd_MM15) && (macd_H1 > macd_HH1) && (macd_M30 > macd_MM30) && (macd_H4 > macd_HH4)) { trend_main = "TREND/UP"; color_main = Lime; }
    if ((macd_M15 < macd_MM15) && (macd_H1 < macd_HH1) && (macd_M30 < macd_MM30) && (macd_H4 < macd_HH4)) { trend_main = "TREND/DN"; color_main = Red; }
    
     
    if ((macd_M15 > macd_MM15) && (macd_H1 > macd_HH1) && (macd_M30 > macd_MM30) && (macd_H4 < macd_HH4)) { trend_main = "TREND/UP"; color_main = Lime; }
    if ((macd_M15 < macd_MM15) && (macd_H1 < macd_HH1) && (macd_M30 < macd_MM30) && (macd_H4 > macd_HH4)) { trend_main = "TREND/DN"; color_main = Red; }              
    
    //MACD Direction
    if ((macd_M1 > macd_MM1)) { color_m1 = Lime; }
    if ((macd_M1 < macd_MM1)) { color_m1 = Red; }
    
    if ((macd_M5 > macd_MM5)) { color_m5 = Lime; }
    if ((macd_M5 < macd_MM5)) { color_m5 = Red; }
    
    if ((macd_M15 > macd_MM15)) { color_m15 = Lime; }
    if ((macd_M15 < macd_MM15)) { color_m15 = Red; }
    
    if ((macd_M30 > macd_MM30)) { color_m30 = Lime; }
    if ((macd_M30 < macd_MM30)) { color_m30 = Red; }
    
    if ((macd_H1 > macd_HH1)) { color_h1 = Lime; }
    if ((macd_H1 < macd_HH1)) { color_h1 = Red; }
    
    if ((macd_H4 > macd_HH4)) { color_h4 = Lime; }
    if ((macd_H4 < macd_HH4)) { color_h4 = Red; }

    if (Show_MAJOR_TREND == true)
    {    
      if ((macd_D1 > macd_DD1)) { color_d1 = Lime; }
      if ((macd_D1 < macd_DD1)) { color_d1 = Red; }
    
      if ((macd_W1 > macd_WW1)) { color_w1 = Lime; }
      if ((macd_W1 < macd_WW1)) { color_w1 = Red; }
    
      if ((macd_MN1 > macd_MMN1)) { color_mn = Lime; }
      if ((macd_MN1 < macd_MMN1)) { color_mn = Red; }
    }      

    //Signal Labels           
    ObjectCreate("Label1", OBJ_LABEL, WindowFind("GMACD"), 0, 0);
        ObjectSetText("Label1","SIGNAL",8, "Arial Bold", Silver);
        ObjectSet("Label1", OBJPROP_CORNER, 0);
        ObjectSet("Label1", OBJPROP_XDISTANCE, 105);
        ObjectSet("Label1", OBJPROP_YDISTANCE, 4);       
     
    //MACD Direction M1-M5
    ObjectCreate("DataM1", OBJ_LABEL, WindowFind("GMACD"), 0, 0);//M1 SIGNAL
        ObjectSetText("DataM1","M1",9, "Arial Bold", color_m1);
        ObjectSet("DataM1", OBJPROP_CORNER, 0);
        ObjectSet("DataM1", OBJPROP_XDISTANCE, 150);
        ObjectSet("DataM1", OBJPROP_YDISTANCE, 4);
         
    ObjectCreate("DataM5", OBJ_LABEL, WindowFind("GMACD"), 0, 0);//M5 SIGNAL
        ObjectSetText("DataM5","M5",9, "Arial Bold", color_m5);
        ObjectSet("DataM5", OBJPROP_CORNER, 0);
        ObjectSet("DataM5", OBJPROP_XDISTANCE, 175);
        ObjectSet("DataM5", OBJPROP_YDISTANCE, 4);

    //M1 & M5 TREND Data 
    ObjectCreate("Trend1", OBJ_LABEL, WindowFind("GMACD"), 0, 0);
        ObjectSetText("Trend1",trend_signal,12, "Arial Bold", color_signal);
        ObjectSet("Trend1", OBJPROP_CORNER, 0);
        ObjectSet("Trend1", OBJPROP_XDISTANCE, 200);
        ObjectSet("Trend1", OBJPROP_YDISTANCE, 4);
            
    //Main Trend Label
    ObjectCreate("Label2", OBJ_LABEL, WindowFind("GMACD"), 0, 0);
        ObjectSetText("Label2","MAIN TREND", 8, "Arial Bold", Silver);
        ObjectSet("Label2", OBJPROP_CORNER, 0);
        ObjectSet("Label2", OBJPROP_XDISTANCE, 300);
        ObjectSet("Label2", OBJPROP_YDISTANCE, 4); 
    
    //MACD Direction M15-H4        
    ObjectCreate("DataM15", OBJ_LABEL, WindowFind("GMACD"), 0, 0);//M15 SIGNAL
        ObjectSetText("DataM15","M15",9, "Arial Bold", color_m15);
        ObjectSet("DataM15", OBJPROP_CORNER, 0);
        ObjectSet("DataM15", OBJPROP_XDISTANCE, 370);
        ObjectSet("DataM15", OBJPROP_YDISTANCE, 4);

    ObjectCreate("DataM30", OBJ_LABEL, WindowFind("GMACD"), 0, 0);//M30 SIGNAL
        ObjectSetText("DataM30","M30",9, "Arial Bold", color_m30);
        ObjectSet("DataM30", OBJPROP_CORNER, 0);
        ObjectSet("DataM30", OBJPROP_XDISTANCE, 400);
        ObjectSet("DataM30", OBJPROP_YDISTANCE, 4);

    ObjectCreate("DataH1", OBJ_LABEL, WindowFind("GMACD"), 0, 0);//H1 SIGNAL
        ObjectSetText("DataH1","H1",9, "Arial Bold", color_h1);
        ObjectSet("DataH1", OBJPROP_CORNER, 0);
        ObjectSet("DataH1", OBJPROP_XDISTANCE, 430);
        ObjectSet("DataH1", OBJPROP_YDISTANCE, 4);

    ObjectCreate("DataH4", OBJ_LABEL, WindowFind("GMACD"), 0, 0);//H4 SIGNAL
        ObjectSetText("DataH4","H4",9, "Arial Bold", color_h4);
        ObjectSet("DataH4", OBJPROP_CORNER, 0);
        ObjectSet("DataH4", OBJPROP_XDISTANCE, 450);
        ObjectSet("DataH4", OBJPROP_YDISTANCE, 4);

    //M15 - H4 TREND Data 
    ObjectCreate("Trend2", OBJ_LABEL, WindowFind("GMACD"), 0, 0);
        ObjectSetText("Trend2",trend_main,12, "Arial Bold", color_main);
        ObjectSet("Trend2", OBJPROP_CORNER, 0);
        ObjectSet("Trend2", OBJPROP_XDISTANCE, 475);
        ObjectSet("Trend2", OBJPROP_YDISTANCE, 4);
        
    //Level Data
    ObjectCreate("Level1", OBJ_LABEL, WindowFind("GMACD"), 0, 0);
        ObjectSetText("Level1",trend_level,8, "Arial Bold", color_level);
        ObjectSet("Level1", OBJPROP_CORNER, 0);
        ObjectSet("Level1", OBJPROP_XDISTANCE, 565);
        ObjectSet("Level1", OBJPROP_YDISTANCE, 4);
                
    if (Show_MAJOR_TREND == true)
    {
    ObjectCreate("Label3", OBJ_LABEL, WindowFind("GMACD"), 0, 0);
        ObjectSetText("Label3","MAJOR TREND", 8, "Arial Bold", Silver);
        ObjectSet("Label3", OBJPROP_CORNER, 0);
        ObjectSet("Label3", OBJPROP_XDISTANCE, 615);
        ObjectSet("Label3", OBJPROP_YDISTANCE, 4); 
            
    ObjectCreate("DataD1", OBJ_LABEL, WindowFind("GMACD"), 0, 0);//D1 SIGNAL
        ObjectSetText("DataD1","D1",9, "Arial Bold", color_d1);
        ObjectSet("DataD1", OBJPROP_CORNER, 0);
        ObjectSet("DataD1", OBJPROP_XDISTANCE, 695);
        ObjectSet("DataD1", OBJPROP_YDISTANCE, 4);
        
    ObjectCreate("DataW1", OBJ_LABEL, WindowFind("GMACD"), 0, 0);//W1 SIGNAL
        ObjectSetText("DataW1","W1",9, "Arial Bold", color_w1);
        ObjectSet("DataW1", OBJPROP_CORNER, 0);
        ObjectSet("DataW1", OBJPROP_XDISTANCE, 715);
        ObjectSet("DataW1", OBJPROP_YDISTANCE, 4);
        
    ObjectCreate("DataMN", OBJ_LABEL, WindowFind("GMACD"), 0, 0);//MN SIGNAL
        ObjectSetText("DataMN","MN",9, "Arial Bold", color_mn);
        ObjectSet("DataMN", OBJPROP_CORNER, 0);
        ObjectSet("DataMN", OBJPROP_XDISTANCE, 740);
        ObjectSet("DataMN", OBJPROP_YDISTANCE, 4);
    }    

     
//----
    return(0); 
//----
} 

//+------------------------------------------------------------------+

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