MTF MACD indicator for MT4


MTF MACD is a technical indicator determining the trend of multiple timeframes of a specific currency pair in trading. Here MTF denoted the multi timeframes. It helps mainly in multi-timeframe analysis to forecast the market more accurately.

Forex traders use different strategies to forecast the market. Multi timeframe analysis is one of the winning trading strategies. That’s why programmers develop this multi timeframe MACD indicator to show the analysis of all timeframes in a single window.

Working on MTF MACD indicator

The simple MACD indicator signals the bullish and bearish trend in the form of green and red bars. In the same way, the MTF MACD indicator draws the green and red bars to show the buy or sell signals.

However, the MTF MACD indicator will draw four rows of bars in a single window. These rows indicate the trend of multiple timeframes.

  • The first row will show the trend of the daily timeframe
  • The second row will indicate the trend of the 4H timeframe
  • The third row will represent the trend of the 1H timeframe
  • The last fourth row will show the trend in the lower timeframe, 15M.

In this way, a trader can get an idea of the MACD trend on higher timeframes and then open a trader on lower ones.

Buy and Sell signals

Here are the simple techniques to open buy or sell trades using the MTF MACD indicator.

Open a buy trade

When all three higher timeframes Daily, 4h, and H1 will show a bullish signal, open a buy trade and wait for trend reversal on the MCAD line to close the trade.

mtf macd mt4 indicator

Open a sell trade

When all three higher timeframes show a bearish signal, open a sell trade and close the trade on a trend reversal signal.

The bottom line

MTF MACD is a handy indicator that helps the trader trade with the trend. You can filter your trades using a higher timeframe analysis.

Trading with the trend is the key to success in forex trading.

Download indicator

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