Multi Time Frame MACD Bars MetaTrader 5 indicator [Free] TFlab

The MACD Histogram Multi-Timeframe Indicator (MT5) is a robust oscillator for MetaTrader 5, designed to simplify MACD-based analysis using a color-coded histogram. This tool allows traders to observe the MACD's behavior relative to its signal line and the zero level, offering clearer trend insights.
With its multi-timeframe capability, the indicator is especially effective for identifying potential reversal points and confirming trend strength. The four-color visualization enhances real-time decision-making by pinpointing key moments of market shift.

You can download it from this link:
https://cdn.tradingfinder.com/file/2...5-by-tflab.zip

You can also access the MetaTrader 4 version of this indicator through this page:
https://www.forexfactory.com/thread/...er-4-indicator

For instructions on how to install:

https://www.forexfactory.com/thread/...-in-metatrader





Indicator Specifications

 

1. Category: Oscillator – Signal and Prediction – Trading Tool
2. Platform: MetaTrader 5
3. Skill Level: Beginner
4. Indicator Type: Lagging – Strength – Entry and Exit
5. Time Frame: Multi-time frame
6. Trading Style: Scalping – Day Trading – Intraday Trading
7. Markets: Forex – Cryptocurrencies – Indices

Uptrend Conditions – USD/JPY (4-Hour)
On the 4-hour USD/JPY chart, the MACD Histogram Multi-Timeframe Indicator offers two key signals for detecting bullish reversals:

1. A green histogram signifies that the MACD line has crossed above its signal line, suggesting a potential short-term uptrend.
2. A blue histogram appears when the MACD moves above the zero level, confirming stronger bullish momentum.

These visual cues assist traders in identifying early signs of a trend reversal, allowing them to position for potential price surges. Multi-timeframe configuration enables broader market context for sharper entry timing.
Downtrend Conditions – XAG/USD (4-Hour)
In the 4-hour chart of XAG/USD, this MT5 indicator signals potential bearish movement through:

1. A red histogram indicating the MACD line has dropped below the signal line, signaling a developing downtrend.
2. An orange histogram confirming that the MACD has crossed below the zero level, validating bearish price movement.

These color transitions help traders spot early weakness and align their strategies with the broader downward shift, whether exiting longs or preparing for short entries.
Indicator Settings

SettingDescription
Chart ThemeCustomize the visual appearance of the indicator
TimeframeSet the timeframe for MACD calculation
MACD Fast MA PeriodDefine the fast-moving average period
MACD Slow MA PeriodDefine the slow-moving average period
MACD Signal PeriodDefine the MACD signal line period
LookbackSet the number of candles for calculation and display
Flexible configuration ensures compatibility with a wide range of trading strategies and asset classes.
Conclusion – Enhanced MACD with Multi-Timeframe Precision
The MACD Histogram Multi-Timeframe Indicator on MT5 delivers a color-coded approach to visualizing market strength and trend direction, making MACD analysis more intuitive and actionable.
By distinguishing between four distinct MACD states—green (above signal line), blue (above zero), red (below signal line), and orange (below zero)—this oscillator provides clear signals for entry, exit, and trend reversal.
Ideal for both beginners and advanced traders, this tool supports multi-timeframe analysis, enabling more informed and confident trading decisions in volatile environments.