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MACD 6 Colors MTF

  • This script generates a MACD with 6 color-coded histogram bars based on the position (above or below zero) and direction (rising or falling) of the histogram.
  • It provides multi-time frame support, allowing users to view the MACD from different time frames on a single chart.
  • The indicator uses customizable settings for MACD periods, histogram width, and vertical scaling.

This script could be useful for traders who want a visually enhanced MACD with clearer trend and momentum representation across different time frames.


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