Optimized MTF Indicator

This Pine Script is a custom Multi-Timeframe (MTF) indicator that dynamically adjusts its analysis based on the current chart's timeframe. It calculates MACD crossovers for two different timeframes (a lower and a higher timeframe) and plots visual signals (colored circles) on the chart to indicate the crossovers. This can help traders make more informed decisions by providing insights from multiple timeframes.

The steps are as follows:

The current chart's timeframe is used to dynamically set corresponding lower and higher timeframes.
MACD analysis (with crossovers) is performed for both the lower and higher timeframes.
Visual signals (colored circles) are plotted to indicate the MACD crossovers on both timeframes, helping traders spot potential buy (bullish) or sell (bearish) signals.