Dani0

Trading lesser time frames & its benefit

Education
SP:SPX   S&P 500 Index
As you can see i changed the time from 1 month (1M) view to 1 Day view (D) view, which is demonstrated by the purple arrow pointing to the chart view setting at D. Now here you could have easily entered a sell that is clearly visible right, but in the 1 month view this only shows one candle stick in the red which is not enough to entice anyone to get into sell with that view, but here in the shorter time frame that drop is emphasized thus allows one the opportunity to enter a sell very early. So you see what I mean and also note the CM_Ultimate indicator works for this time frame too. It wil not always work for every time frame or every market but i find it useful to 90% of markets I have tested on and on various time frames for each market too.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.