MACD PRO Colored with Alert is an advanced MACD indicator designed for momentum and trend analysis across multiple timeframes. It features a four-color histogram that visually distinguishes strong and weakening bullish or bearish momentum, using green shades for accelerating or fading bullish momentum and red/pink shades for bearish momentum. The indicator supports 11 customizable moving average types—including SMA, EMA, WMA, HMA, and others—for both the oscillator and signal lines, allowing tailored smoothing methods.
A multi-timeframe (MTF) filter enables confirmation of signals against higher timeframe trends or zero-line positions, helping to reduce false signals. Real-time alerts notify users of MACD line and signal line crossovers as well as zero-line crossings, with on-chart text and sound notifications.
Key adjustable parameters include fast, slow, and signal lengths, MA types, MTF filter mode (None, Trend, or ZeroLine), and higher timeframe selection for MTF confirmation. This indicator is suited for swing, intraday, trend-following, and scalping traders seeking momentum confirmation with multi-timeframe discipline and early reversal warnings. It supports signal outputs for crossovers, reversals, and trend strength, and requires bar or tick data input.