GMACD_Signals_v1
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This script is a comprehensive 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 different intervals, it aggregates that data into a single visual dashboard.
Core Logic Overview
The primary logic of this tool revolves around the MACD (Moving Average Convergence Divergence) indicator. It monitors the relationship between fast and slow moving averages across nine different timeframes: ranging from very short-term (1 minute) to long-term (Monthly).
Key Features and Functionalities
1. Multi-Timeframe Synchronization The script automatically calculates the MACD data for several periods at once:
- Short-Term: 1 Minute, 5 Minutes, 15 Minutes, 30 Minutes, 1 Hour, and 4 Hours.
- Major Trends (Optional): Daily, Weekly, and Monthly periods.
2. Dynamic Trend Classification Rather than just showing raw numbers, the script analyzes the relationship between these timeframes to provide specific "Trend Labels":
- Signal Logic: It compares the 1-minute and 5-minute data. If they align, it identifies a clear Up or Down trend. If they conflict, it flags the market as "Sidekick" (Sideway), warning you that the price may be consolidating without a clear direction.
- Main Trend Logic: It evaluates the mid-range timeframes (15M to 4H). Based on how these periods interact with one another, it identifies the primary momentum of the current session.
- Trend Strength Levels: The tool calculates "Strength" by checking for harmony across multiple levels. It can categorize the market as Weak, Medium, or Strong. For example, if multiple timeframes (like 15M, 1H, and 4H) are all moving in the same direction, it labels the trend as "Strong."
3. Visual Color Coding To make the data readable at a glance, the script uses a color-coded system:
- Green/Lime: Indicates upward momentum.
- Red: Indicates downward momentum.
- Orange: Indicates neutral or sideways movement.
- Yellow/Tomato: Used for specific strength warnings (Weak or Medium).
User Experience
For the user, this means you no longer have to manually interpret complex charts. The script does the heavy lifting of scanning nine different timeframes and summarizes them into a clean text display on your screen. It tells you:
- The direction of every specific timeframe (M1 through Monthly).
- The current "Signal" (Trend vs. Sideway).
- The "Main Trend" for the current trading session.
- The overall "Strength" of the market movement.
This allows for a much faster decision-making process, as you can instantly see if the short-term noise aligns with the long-term trend.
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GMACD_Signals_v1
//+------------------------------------------------------------------+
//| 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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