Trend · Open-source
MACD Trend Phase MTF
Which phase of the trend, across three timeframes.
Listed on TradingView as “MACD Trend Phase MTF by [Itto Ryu]”.
How it works
Reads a PPO-normalised MACD on three timeframes. A slow timeframe sets the regime, a middle one defines the phase, and the chart timeframe tracks timing. The result is a named phase, a multi-timeframe dashboard and a weighted consensus. Because it is measured in percentages, the same settings can be read on any symbol.
How to use
Read the phase first, as context for your own analysis. What you do with it is your own decision.
Open on TradingView (opens in a new tab)
Free to use. The source code is on the script page.