TrackTrend_MACD
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This script is a multi-timeframe analysis tool designed to give traders a comprehensive overview of market momentum across various periods simultaneously. Instead of forcing you to switch between different charts to see the "big picture," it aggregates data into a single, easy-to-read display on your current screen.
Core Functionality
The script utilizes the MACD (Moving Average Convergence Divergence) indicator—a popular tool used to identify changes in the strength, direction, and momentum of a price trend. However, rather than just showing you a line on a chart, this tool interprets the MACD data into four distinct status categories:
- Up: Indicates a strong upward trend.
- Down: Indicates a strong downward trend.
- Up -> Down: Indicates a trend that is currently upward but starting to lose momentum and potentially reversing.
- Down -> Up: Indicates a trend that is currently downward but showing signs of gaining strength and potentially reversing.
How It Works
The logic follows a systematic three-step process:
- Multi-Timeframe Scanning: The script automatically calculates the MACD values for nine different timeframes, ranging from very short-term movements (1-minute charts) to long-term trends (monthly charts).
- Trend Identification: For every single one of those timeframes, the script compares the current price momentum against the previous bar's momentum. It looks at both the "Main" trend line and the "Signal" line to determine which of the four statuses described above best fits the current market state.
- Unified Reporting: Finally, the script compiles all this information into a single text summary displayed in the corner of your chart window.
User Experience
When you run this script, you will see a list organized by timeframe (e.g., M15, H1, D1). At a glance, you can see if the short-term "noise" is moving in the same direction as the long-term "trend." This allows for better-informed decision-making by helping you identify when a short-term price move is supported by the larger market direction or when a reversal might be looming.
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TrackTrend_MACD
//+------------------------------------------------------------------+
//| TrackTrend.mq4 |
//| Duke3DAtomic |
//| duke3datomic@mail.ru |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2008, MetaQuotes Software Corp."
#property link "http://www.metaquotes.net"
#property indicator_chart_window
// Ïåðèîäû òàéìôðåéìîâ:
// 0 - ïåðèîä òåêóùåãî ãðàôèêà
// 1 - M1
// 2 - M5
// 3 - M15
// 4 - M30
// 5 - H1
// 6 - H4
// 7 - D1
// 8 - W1
// 9 - MN1
int MACD_Fast = 12;
int MACD_Slow = 26;
int Signal_Period = 9;
int MACD_Price = 0; // PRICE_CLOSE
int MACD_Shift = 0;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//----
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
string MACD_comment1,
MACD_comment2,
MACD_comment3,
MACD_comment4,
MACD_comment5,
MACD_comment6,
MACD_comment7,
MACD_comment8,
MACD_comment9;
string MACDComment[];
int limit;
int counted_bars = IndicatorCounted();
//---- ïðîâåðêà íà âîçìîæíûå îøèáêè
if(counted_bars < 0) return(-1);
//---- ïîñëåäíèé ïîñ÷èòàííûé áàð áóäåò ïåðåñ÷èòàí
if(counted_bars > 0) counted_bars--;
limit = Bars - counted_bars;
//---- îñíîâíîé öèêë
for(int i=0; i<limit; i++)
{
//==============================================================================================
string com1, com2, com3, com4;
com1 = " Up";
com2 = " Down";
com3 = " Up->Down";
com4 = " Down->Up";
//======== M1 ======================================================================================
if(MACD(TimeFrame(1))==1) {MACD_comment1 = StrTimeFrame(1)+com1;}
if(MACD(TimeFrame(1))==2) {MACD_comment1 = StrTimeFrame(1)+com2;}
if(MACD(TimeFrame(1))==3) {MACD_comment1 = StrTimeFrame(1)+com3;}
if(MACD(TimeFrame(1))==4) {MACD_comment1 = StrTimeFrame(1)+com4;}
//======== M5 ======================================================================================
if(MACD(TimeFrame(2))==1) {MACD_comment2 = StrTimeFrame(2)+com1;}
if(MACD(TimeFrame(2))==2) {MACD_comment2 = StrTimeFrame(2)+com2;}
if(MACD(TimeFrame(2))==3) {MACD_comment2 = StrTimeFrame(2)+com3;}
if(MACD(TimeFrame(2))==4) {MACD_comment2 = StrTimeFrame(2)+com4;}
//======== M15 =====================================================================================
if(MACD(TimeFrame(3))==1) {MACD_comment3 = StrTimeFrame(3)+com1;}
if(MACD(TimeFrame(3))==2) {MACD_comment3 = StrTimeFrame(3)+com2;}
if(MACD(TimeFrame(3))==3) {MACD_comment3 = StrTimeFrame(3)+com3;}
if(MACD(TimeFrame(3))==4) {MACD_comment3 = StrTimeFrame(3)+com4;}
//======== M30 =====================================================================================
if(MACD(TimeFrame(4))==1) {MACD_comment4 = StrTimeFrame(4)+com1;}
if(MACD(TimeFrame(4))==2) {MACD_comment4 = StrTimeFrame(4)+com2;}
if(MACD(TimeFrame(4))==3) {MACD_comment4 = StrTimeFrame(4)+com3;}
if(MACD(TimeFrame(4))==4) {MACD_comment4 = StrTimeFrame(4)+com4;}
//======== H1 ======================================================================================
if(MACD(TimeFrame(5))==1) {MACD_comment5 = StrTimeFrame(5)+com1;}
if(MACD(TimeFrame(5))==2) {MACD_comment5 = StrTimeFrame(5)+com2;}
if(MACD(TimeFrame(5))==3) {MACD_comment5 = StrTimeFrame(5)+com3;}
if(MACD(TimeFrame(5))==4) {MACD_comment5 = StrTimeFrame(5)+com4;}
//======== H4 ======================================================================================
if(MACD(TimeFrame(6))==1) {MACD_comment6 = StrTimeFrame(6)+com1;}
if(MACD(TimeFrame(6))==2) {MACD_comment6 = StrTimeFrame(6)+com2;}
if(MACD(TimeFrame(6))==3) {MACD_comment6 = StrTimeFrame(6)+com3;}
if(MACD(TimeFrame(6))==4) {MACD_comment6 = StrTimeFrame(6)+com4;}
//======== D1 ======================================================================================
if(MACD(TimeFrame(7))==1) {MACD_comment7 = StrTimeFrame(7)+com1;}
if(MACD(TimeFrame(7))==2) {MACD_comment7 = StrTimeFrame(7)+com2;}
if(MACD(TimeFrame(7))==3) {MACD_comment7 = StrTimeFrame(7)+com3;}
if(MACD(TimeFrame(7))==4) {MACD_comment7 = StrTimeFrame(7)+com4;}
//======== W1 ======================================================================================
if(MACD(TimeFrame(8))==1) {MACD_comment8 = StrTimeFrame(8)+com1;}
if(MACD(TimeFrame(8))==2) {MACD_comment8 = StrTimeFrame(8)+com2;}
if(MACD(TimeFrame(8))==3) {MACD_comment8 = StrTimeFrame(8)+com3;}
if(MACD(TimeFrame(8))==4) {MACD_comment8 = StrTimeFrame(8)+com4;}
//======== MN1 =====================================================================================
if(MACD(TimeFrame(9))==1) {MACD_comment9 = StrTimeFrame(9)+com1;}
if(MACD(TimeFrame(9))==2) {MACD_comment9 = StrTimeFrame(9)+com2;}
if(MACD(TimeFrame(9))==3) {MACD_comment9 = StrTimeFrame(9)+com3;}
if(MACD(TimeFrame(9))==4) {MACD_comment9 = StrTimeFrame(9)+com4;}
//==============================================================================================
}
Comment("MACD (",MACD_Fast,",",MACD_Slow,",",Signal_Period,")\n",MACD_comment9,"\n",MACD_comment8,"\n",MACD_comment7,"\n",MACD_comment6,"\n",MACD_comment5,"\n",MACD_comment4,"\n",MACD_comment3,"\n",MACD_comment2,"\n",MACD_comment1);
//----
return(0);
}
//==================================================================================================
int MACD(int MACDTimeFrame)
{
int MACD_Trend;
double MACD_Main_0;
double MACD_Main_1;
double MACD_Signal_0;
double MACD_Signal_1;
MACD_Main_0 = iMACD(Symbol(),MACDTimeFrame,MACD_Fast,MACD_Slow,Signal_Period,MACD_Price,MODE_MAIN,0);
MACD_Main_1 = iMACD(Symbol(),MACDTimeFrame,MACD_Fast,MACD_Slow,Signal_Period,MACD_Price,MODE_MAIN,1);
MACD_Signal_0 = iMACD(Symbol(),MACDTimeFrame,MACD_Fast,MACD_Slow,Signal_Period,MACD_Price,MODE_SIGNAL,0);
MACD_Signal_1 = iMACD(Symbol(),MACDTimeFrame,MACD_Fast,MACD_Slow,Signal_Period,MACD_Price,MODE_SIGNAL,1);
if(MACD_Main_0>MACD_Main_1 && MACD_Signal_0>MACD_Signal_1 && MACD_Main_0>MACD_Signal_0) {MACD_Trend = 1;} // Òðåíä ââåðõ
if(MACD_Main_0<MACD_Main_1 && MACD_Signal_0<MACD_Signal_1 && MACD_Main_0<MACD_Signal_0) {MACD_Trend = 2;} // Òðåíä âíèç
if(MACD_Main_0<MACD_Main_1 && MACD_Signal_0>MACD_Signal_1 && MACD_Main_0>MACD_Signal_0) {MACD_Trend = 3;} // Òðåíä ââåðõ, ñ ïåðåõîäîì âíèç
if(MACD_Main_0>MACD_Main_1 && MACD_Signal_0<MACD_Signal_1 && MACD_Main_0<MACD_Signal_0) {MACD_Trend = 4;} // Òðåíä âíèç, ñ ïåðåõîäîì ââåðõ
return(MACD_Trend);
}
//==================================================================================================
int TimeFrame(int Time_Period) // ôóíêöèÿ âîçâðàùàåò ÷èñëîâîå çíà÷åíèå ïåðèîäà ãðàôèêà
{
switch(Time_Period)
{
case 0: return(0); // ïåðèîä òåêóùåãî ãðàôèêà
case 1: return(1); // M1
case 2: return(5); // M5
case 3: return(15); // M15
case 4: return(30); // M30
case 5: return(60); // H1
case 6: return(240); // H4
case 7: return(1440); // D1
case 8: return(10080); // W1
case 9: return(43200); // MN1
}
}
//==================================================================================================
string StrTimeFrame(int T_Frame) // ôóíêöèÿ âîçâðàùàåò ñòðîêîâîå çíà÷åíèå ïåðèîäà ãðàôèêà
{
switch(T_Frame)
{
case 0: return("Cur:"); // ïåðèîä òåêóùåãî ãðàôèêà
case 1: return("M1:"); // M1
case 2: return("M5:"); // M5
case 3: return("M15:"); // M15
case 4: return("M30:"); // M30
case 5: return("H1:"); // H1
case 6: return("H4:"); // H4
case 7: return("D1:"); // D1
case 8: return("W1:"); // W1
case 9: return("MN1:"); // MN1
}
}
//==================================================================================================
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