Multiple Time Frame MACD Study
Thinkorswim MTF MACD Indicator
Three time frames packed into a single MACD? How is that possible? Check it out and see for yourself. The link to download this free custom indicator is embedded within the video. It’s very important you watch the video all the way through in order to understand what this indicator does, and how to adjust it to fit your needs. It will only work on time based charts. Sorry, tick and range charts are not supported. The idea for this indicator was based on feedback received from one of our viewers. Haven’t seen the video you’re looking for? Just drop us a note and we may end up doing a video on the topic of your choice. You can reach us several ways. You can leave a comment below, or connect with us via Facebook, Google+ and the www.hahn-tech.com webpage.
Link to study file: Chart_MTF_MACDSTUDY.ts
Lean More:
Would you like to learn how to master the chart settings on Thinkorswim? Click here for our 3 part series: Thinkorswim Chart Settings Tutorial
DISCLAIMER: I AM NOT A CERTIFIED FINANCIAL ADVISOR AND NOTHING IN THIS VIDEO OR TEXT IS AN ADVERTISEMENT OR RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT. NOR IS THIS VIDEO OR TEXT INTENDED TO INSTRUCT YOU ON HOW TO MAKE BUY OR SELL DECISIONS USING ANY OF THESE INDICATORS.
*Thinkorswim is a chart analysis platform offered by TD Ameritrade: www.tdameritrade.com
TD Ameritrade provides financial services including the trading of Stocks, Futures, Options and Forex.
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Hi Pete, do i understand correctly that uncheck START AGGREGATION AT MARKET OPEN is only if we use intraday that can NOT be divided evenly by 6.5 hours trading hours = 390 minutes so if i use 130 minutes as base chart with mid chart 1day and check start aggregation at market open (else TOS weirdly starts the bar at 7:30 despite NO SHOW EXTENDED HOUR), your indicator will still work correctly, right?
separate question, would you be so kind to post similar script in Trade Station (just the script without video, pls)
thanks so much for all your time
“Start Aggregation at Market Open”, is a setting that impacts allignment between intraday charts and the rest of the tools on the platform. Uncheck this option to ensure your intraday charts align with the rest of the platform. This has absolutely nothing to do with dividing time.
Hi Pete, I downloaded the MTF MACD indicator and installed it as you state in the video. But I am getting an error periodically and the indicator goes blank. The error is located at the left upper corner of the chart. Chart_MTF_MACD: Trying to self-assign a non-initialized rec: mid term signal. Any idea how I can fix this? Thank you.
This is a known issue with version 1. Try using version two: https://www.hahn-tech.com/thinkorswim-strategy-guide-mtf/
New version works great. Thank you.
Hi Pete – I started looking at your site and looks liek you got some good stuff here. Starting with this MTF MACD indicator. I’m definitely missing something here – I cannot find the link to download this TOS indicator.
Hi Pete – please ignore my comment. I found the link. It was in white font against white background. I was able to download the indicator
Awesome! Have fun!
Hi Pete! I watched the video. There was a white box but it is blank in the video. Can you please share the link to download this MTF MACD indicator? Thank you! Love your videos sir❗
If the white box is blank, your browser is blocking video annotations. Try resetting your browser to default settings or try using another browser.
Pete, Do you happen to have this MTF MACD in tradeStation for range chart or tick chart as TOS cant support MTF for these types of chart
Not yet. But stay tuned. I certainly have that planned for a future video.
Hi Hahn,
This is very useful. I am however confused as to what does the length of the candles indicate? Some candles are longer than the other, and they all keep moving in ascending to descending and descending to ascending for most of the time.
Thanks.
Candles? Are you talking about the histogram of the MACD? That is just a standard plot of the MACD.
Hi Pete,
It seems the link to chart_MTF_MACDSTUDY.ts is broken. Could you double-check to see it works? Thanks.
Kevin Z.
The link is working just fine. You may not be handling the file correctly. See if this helps: https://www.hahn-tech.com/ans/how-to-download-and-import-study-ts-files-into-thinkorswim/
Hello,
copied your code. this statemrnt pop up.
invalid statement input @ 4.1
invalid statement input add label @ 65.1
You say you “copied the code”. We did not provide a text file for you to copy and paste. So if you copied and pasted the code you did not use our recommended method of importing the study file into thinkorswim. The entire purpose for providing a study file for import is to avoid copy errors.