MTF MACD 4-Color Momentum System

🎯 Overview
The MTF MACD 4-Color Momentum System is an advanced MACD indicator that provides crystal-clear momentum visualization through an innovative 4-color state system. Unlike traditional MACD indicators that only show positive/negative values, this indicator identifies four distinct market states to help traders make more informed decisions.
📊 Key Features
1. Four-State Color System:

🟢 Lime: Above zero + Rising (Strong Bullish Momentum)
🟢 Dark Green: Above zero + Falling (Weakening Bullish Momentum)
🔴 Red: Below zero + Falling (Strong Bearish Momentum)
🔴 Maroon: Below zero + Rising (Weakening Bearish Momentum)

2. Multi-Timeframe Analysis:

View higher timeframe MACD on lower timeframe charts
Confirm trends across multiple timeframes
Reduce false signals with multi-timeframe confluence

3. Flexible Display Options:

Three visualization styles: Histogram, Columns, or Line
Toggle individual color states on/off
Customizable colors and line widths

4. Advanced Features:

Optional histogram smoothing to reduce noise
Zero-cross alerts with visual markers
Color state change alerts
Real-time value display
Customizable signal line overlay

💡 How to Use
1. Momentum Identification:

Lime bars indicate strong upward momentum - ideal for long entries
Dark green suggests momentum is slowing - consider taking profits
Red bars show strong downward momentum - ideal for short entries
Maroon indicates potential reversal brewing - prepare for direction change

2. Zero Line Crosses:

Blue triangles mark bullish crosses above zero
Pink triangles mark bearish crosses below zero
Use these as confirmation signals with other indicators

3. Multi-Timeframe Confirmation:

Set to higher timeframe (e.g., 4H on 15m chart)
Look for alignment between timeframes before entering trades
Avoid trades against higher timeframe momentum

⚙️ Settings Guide
MACD Parameters:

Fast EMA: 12 (default) - Adjust for more/less sensitivity
Slow EMA: 26 (default) - Standard MACD setting
Signal: 9 (default) - Smoothing period

Display Customization:

Choose between Histogram, Columns, or Line display
Enable/disable specific color states
Adjust visual properties to match your chart theme

Alerts:

Zero cross alerts for trend changes
Color state alerts for momentum shifts

📈 Trading Strategies
1. Momentum Continuation:

Enter longs when MACD turns lime (above zero + rising)
Enter shorts when MACD turns red (below zero + falling)
Exit when color shifts to "weakening" state

2. Reversal Trading:

Watch for maroon in downtrends (potential bottom)
Watch for dark green in uptrends (potential top)
Confirm with price action and support/resistance

3. Multi-Timeframe Confluence:

Use daily MACD on 1H chart for trend direction
Enter on lower timeframe signals in direction of higher timeframe
Avoid counter-trend trades when higher timeframe shows strong momentum

🎓 Pro Tips

Combine with volume indicators for confirmation
Use with support/resistance levels for better entries
Enable smoothing in choppy markets to reduce false signals
Pay attention to divergences between price and MACD

⚠️ Risk Disclaimer
This indicator is for educational purposes only. Always use proper risk management and combine with other analysis methods. Past performance does not guarantee future results.