Signal Generator: HTF EMA Momentum + MACD

HTF EMA Momentum + MACD Indicator

This indicator combines higher timeframe (HTF) EMA momentum with MACD signals to identify potential trend-aligned trades. It displays an HTF histogram for momentum (green for up, red for down) and MACD lines in a subwindow, with buy/sell labels on the main chart when conditions align.

Key Components:

HTF Histogram:
Based on EMA differences from a selected higher timeframe (default H1). It reflects momentum: green if current diff > previous (with optional strict 3-bar check), red otherwise. Can ignore EMA crossover if "HTF Momentum Only" is enabled.

MACD Lines: Standard MACD (fast/slow/signal) on the current timeframe, with adjustable scaling.

Signals:
Buy: HTF uptrend + MACD cross up below -Zero Band + min gap filter.
Sell: HTF downtrend + MACD cross down above +Zero Band + min gap filter.
Labels appear 1.5 ATR (adjustable) from the candle, sized large for visibility.
Filters: Zero Band avoids near-zero crosses; Min MACD Gap ensures separation.
Extras: Toggleable zero levels, alerts, and full customization of periods, colors, and scales.

Usage Tips:
Apply to any timeframe; set HTF for broader context (e.g., H4 for intraday). Use signals as entry cues with additional confirmation like support/resistance. Backtest thoroughly—risk management is essential.