Gilles56

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Nov 29, 2024
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Discuss MACD Multi-Timeframe (an MTF panel indicator with alerts to work with multiple timeframes) for MT4 in this thread. You can ask any questions about this indicator here.
Excellent. I currently have most timeframes open, since my strategy is to use the M15 and M30 MACD histograms to detect an incline or a decline moving together, in a step-wise fashion. This is especially critical in a reversal from the opposite direction maybe three candles prior. Once this detection is made, I check the M1 and the M5 for a move in the direction of M15 and the M30, identifying this as a pull back. Once M1 and M5 histograms tuen and line up with M15 and M30 direction, I have a possible entry in line with the direction of M15 and M30. (using mt4)

Is it possible to program (a) to detect when M15 MACD histogram reverses on a current candle from say a 3 candle ascension or descension prior, and (b) tp detect the current direction status only of the M30, whether in sync with the current direction of M15; and (c) when (a) & (b) are established at the current candle, if it's then possible to detect the current Stochastic status of M1 at the same time, both its direction and whether it is below or above the lower 20 percentile, or below of above the 80 percentile. This is enough information to notify me that a setup is in play, especially if an alert is programmed to sound out if (a), (b) and (c) are coinciding, at the current candle..

thanks for your time and expertise.

Gilles
 

Enivid

Administrator
Staff member
Nov 30, 2008
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www.earnforex.com
Excellent. I currently have most timeframes open, since my strategy is to use the M15 and M30 MACD histograms to detect an incline or a decline moving together, in a step-wise fashion. This is especially critical in a reversal from the opposite direction maybe three candles prior. Once this detection is made, I check the M1 and the M5 for a move in the direction of M15 and the M30, identifying this as a pull back. Once M1 and M5 histograms tuen and line up with M15 and M30 direction, I have a possible entry in line with the direction of M15 and M30. (using mt4)

Is it possible to program (a) to detect when M15 MACD histogram reverses on a current candle from say a 3 candle ascension or descension prior, and (b) tp detect the current direction status only of the M30, whether in sync with the current direction of M15; and (c) when (a) & (b) are established at the current candle, if it's then possible to detect the current Stochastic status of M1 at the same time, both its direction and whether it is below or above the lower 20 percentile, or below of above the 80 percentile. This is enough information to notify me that a setup is in play, especially if an alert is programmed to sound out if (a), (b) and (c) are coinciding, at the current candle..

thanks for your time and expertise.

Gilles
No, this indicator cannot do any of that.