Moving Average Convergence Divergence is a very old technical indicator, however, it is still one of the most popular today. With MT4 MACD Multi-Timeframe (MTF), you can see the status of the indicator across multiple timeframes in one table. This can be helpful when you want to have a better understanding of the overall price situation.
MACD Multi-Timeframe (MTF) is a great indicator to see the overall trend of an instrument in MetaTrader 4 platform.
With this indicator, you can see the status of Moving Average Convergence Divergence for all timeframes in one chart.
The indicator shows a simple table where for each timeframe, you can see the respective MACD trend.
On the chart, you can also see whether MACD is currently gaining or losing momentum across all timeframes.
When you check Moving Average Convergence Divergence of the price in MetaTrader, you normally see it for a specific timeframe.
It is almost always useful to see what is its status in different timeframes in order to have a better understanding of the market situation.
If, for example, you check the trend on an H1 chart, it might look like uptrend. However, checking it on a D1 chart may point at a downtrend.
MACD Multi-Timeframe for MT4 allows you to see Moving Average Convergence Divergence status for all timeframes in a single place.
You can simplify your visual representation and know if an asset or pair is overall going up or going down.
You can use this indicator to improve your entry and exit signal decisions.
The indicator also includes a feature to alert you if the trend changes.
You can download for free MT4 MACD Multi-Timeframe indicator with the link below and install it by following the provided instructions.
The installation is very easy to perform, so is the use.
Once you run the indicator, you can set MACD parameters, select timeframes, and configure alerts via its input parameters.
To install the MT4 MACD Multi-Timeframe indicator, please follow the instructions below:
For a more detailed instruction on how to perform the installation and a tutorial video please visit this page.
You can open a trading account with any of the MT4 Forex brokers to freely use the indicator for MetaTrader 4 presented here.
If you would like to see other multi-timeframe indicators, you can read our guide on MTF indicators.