MTF MACD or Multi time Frame MACD indicator is an MT4 platform Indicator.
When you attach it on your chart you can see Daily ,H4,H1 and M15 market trend on the basis of MACD.No matter which one is your current timeframe.
If you set H1 current timeframe you see all of that four time frame trend. If you shift from H1 to H4 timeframe no change of that timeframe trend. It is always show Daily,H4,H1 and M15 timeframe MACD trend.