Thinkorswim MTF MACD Indicator 48


Multiple Time Frame MACD Study

Thinkorswim MTF MACD Indicator

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

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 Ameritradewww.tdameritrade.com

TD Ameritrade provides financial services including the trading of Stocks, Futures, Options and Forex.

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Watch the video, Thinkorswim MTF MACD Indicator below:


About Pete Hahn

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48 thoughts on “Thinkorswim MTF MACD Indicator

  • Brent M

    Hi Pete! Is there a reason you can think of that would cause the lower study window to be blank at the start of everyday? I have to reload the saved style with settings in three windows and they populate again. Sometimes one of them will still display the histogram but the rest are mysteriously blank till I reload they style. Thank you, Sir, it’s a great script!

    • Pete Hahn Post author

      This is a common glitch in the Thinkorswim platform It even happens with built-in studies that reference higher time frames. For example the CamarillaLevels study. Sorry, nothing wrong with the code. Thinkorswim developers need to find the bug and fix it. But there is zero chance they will fix it unless someone tells them there is a problem.

      • 907blademan

        Ok appreciate it Pete. I saved each timeframe as a style labeled as such, like 15m MAXD is what I call it, so the associated settings using 1h and D above are retained and automatically reloaded. PITA as I have the 1m and 5m setup the same way so there’s a routine of preloading them each morning BUT reload ONE workspace with all and accomplishes the same thing in one click for anyone wanting a faster fix.

  • evelinnzgmailcom

    Hi Pete, i only need the midterm macdValue decline(not diff)
    so i change
    def midTermLower = midTermDiff < midTermDiff[1];
    into def midTermLower = midTermValue < midTermValue[1];
    but as rec midTermSignal
    not allowed in conditional order (although recently there's no error showed in thinkscript editor, it did show error in the past)
    will this study still be correct if i made it as
    plot entry = Value[1]<Value[2] # macd chart level
    and midTermLower[1] ;

    i did test in paperMoney sometimes it triggered sometimes not
    your kind input is highly appreciated.tks so much

    • Pete Hahn Post author

      Recursive variables “rec” are not supported for Conditional Orders at this time. There is no way to work around this limitation until Thinkorswim developers upgrade this section of the platform.

      • Pete Hahn Post author

        Sorry but no. That would completely ruin the signal. Trust me if there is a way to work around this I would have already provided that method. You do not need to waste anymore time trying to get this to work in the Conditional Order.

  • GD

    Will this study always give entry (or exit for that matter) point, in the past. So, say, DAILY and HOURLY EMA crosses sometime today, but in order to get entry signal on my chart from this indicator, it also needs to cross WEEKLY, which will form a WEEK later because it’s a lagging indicator; and I’ll never get the entry/exit signal on my hourly chart until the the weekly candle closes. isn’t it?