MACD-V Multi-Timeframe Confluence Dashboard

This indicator identifies high-probability trade entries by analyzing momentum alignment across multiple timeframes using the MACD-V (Volatility Normalized MACD) formula. It features a fully customizable signal engine that allows traders to specify exactly which timeframes must agree before a trade signal is generated.

Optimized Defaults
By default, the indicator is tuned to the 5-minute, 15-minute, and 1-hour timeframes. We have found this specific combination performs best for identifying robust trends while filtering out noise. However, the strategy is fully flexible—users can easily adjust these settings to fit scalping (1m/5m) or swing trading (4H/Daily) styles.

Indicator Features

• Dynamic Confluence: A Buy or Sell signal (displayed as a large + on the chart) is generated only when all selected timeframes are in agreement. This ensures you are trading with the dominant trend across multiple time scales.
  
• Alternating Signal Filter: To prevent repetitive alerts during strong trends, the script uses a smart filter: a new Buy signal will only trigger if the last confirmed signal was a Sell (and vice versa).
  
• Live Dashboard: An on-screen table displays the real-time status of every timeframe (Trend, Curl, and MACD Value). Timeframes currently active in your strategy are highlighted in yellow.
  
• Local Entry Arrows (Optional): The script includes smaller red/green arrows that indicate simple MACD line crosses on the current chart's timeframe. These can be useful for precise timing but can be noisy in choppy markets. These are turned off by default to keep the chart clean, but can be enabled in the "Visuals" settings if you require granular entry signals.
  

How to Use

1. Check the Dashboard: Look for the yellow-highlighted rows in the table to see which timeframes are currently driving your signals.
   
2. Wait for the Cross (+): A green + indicates bullish momentum is aligned across all your chosen timeframes.
   
3. Refine (Optional): Turn on "Show Local Arrows" if you want to see the specific moment the MACD crosses on your current timeframe to fine-tune your entry.