diff --git a/doc/dynare.texi b/doc/dynare.texi
index 00a61fe5d..ef146f4cf 100644
--- a/doc/dynare.texi
+++ b/doc/dynare.texi
@@ -13712,6 +13712,13 @@ distribution. Results returned in @var{oo_.posterior_function_results}
 
 @end deffn
 
+@anchor{generate_trace_plots}
+@deffn Command generate_trace_plots(@var{CHAIN_NUMBER}) ;
+
+Generates trace plots of the MCMC draws for all estimated parameters and the posterior density in the specified Markov Chain @code{CHAIN_NUMBER}.
+
+@end deffn
+
 @anchor{internals}
 @deffn {MATLAB/Octave command} internals @var{FLAG} @var{ROUTINENAME}[.m]|@var{MODFILENAME}
 
diff --git a/matlab/generate_trace_plots.m b/matlab/generate_trace_plots.m
new file mode 100644
index 000000000..b7a38e016
--- /dev/null
+++ b/matlab/generate_trace_plots.m
@@ -0,0 +1,63 @@
+function generate_trace_plots(chain_number)
+%function generate_trace_plots(chain_number)
+% Generates trace plots for all estimated parameters and the posterior
+%
+% INPUTS
+%    chain_number:  [scalar]    number of the chain for which to construct the trace plots
+%
+% OUTPUTS
+%    none
+%
+% SPECIAL REQUIREMENTS
+%    none
+
+% Copyright (C) 2016 Dynare Team
+%
+% This file is part of Dynare.
+%
+% Dynare is free software: you can redistribute it and/or modify
+% it under the terms of the GNU General Public License as published by
+% the Free Software Foundation, either version 3 of the License, or
+% (at your option) any later version.
+%
+% Dynare is distributed in the hope that it will be useful,
+% but WITHOUT ANY WARRANTY; without even the implied warranty of
+% MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE.  See the
+% GNU General Public License for more details.
+%
+% You should have received a copy of the GNU General Public License
+% along with Dynare.  If not, see <http://www.gnu.org/licenses/>.
+
+global M_ options_ estim_params_
+
+
+% Get informations about the posterior draws:
+MetropolisFolder = CheckPath('metropolis',M_.dname);
+load_last_mh_history_file(MetropolisFolder, M_.fname);
+if chain_number>record.Nblck
+    error('generate_trace_plots:: chain number is bigger than existing number of chains')
+end
+
+trace_plot(options_,M_,estim_params_,'PosteriorDensity',chain_number)
+
+for ii=1:size(estim_params_.param_vals,1)
+    parameter_name=deblank(M_.param_names(estim_params_.param_vals(ii,1),:));
+    trace_plot(options_,M_,estim_params_,'DeepParameter',chain_number,parameter_name)
+end
+
+for ii=1:size(estim_params_.var_exo,1)
+    parameter_name=deblank(M_.exo_names(estim_params_.var_exo(ii,1),:));
+    trace_plot(options_,M_,estim_params_,'StructuralShock',chain_number,parameter_name)
+end
+
+for ii=1:size(estim_params_.corrn,1)
+    parameter_name_1=deblank(M_.endo_names(estim_params_.corrn(ii,1),:));
+    parameter_name_2=deblank(M_.endo_names(estim_params_.corrn(ii,2),:));
+    trace_plot(options_,M_,estim_params_,'MeasurementError',chain_number,parameter_name_1,parameter_name_2)
+end
+
+for ii=1:size(estim_params_.corrx,1)
+    parameter_name_1=deblank(M_.exo_names(estim_params_.corrx(ii,1),:));
+    parameter_name_2=deblank(M_.exo_names(estim_params_.corrx(ii,2),:));
+    trace_plot(options_,M_,estim_params_,'StructuralShock',chain_number,parameter_name_1,parameter_name_2)
+end
\ No newline at end of file