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Technical - Analysis Using Multiple Timeframes Pdf

Do not change the indicator period; change the input data. On your 1-hour chart, add a 50-period SMA but set the "Source" or "Timeframe" to 4 hours.

Now, look at the 4-hour chart. Price is in a weekly uptrend, but on the 4H chart, price has just pulled back to a key Moving Average (e.g., 50 EMA) or a Fibonacci retracement level (e.g., 61.8%). technical analysis using multiple timeframes pdf

For those who have mastered the basics, multi-timeframe analysis unlocks exponential power. Do not change the indicator period; change the input data

Raw price action is best, but indicators can help. If you are creating a "Technical Analysis Using Multiple Timeframes PDF" for personal use, include these specific settings. Do not change the indicator period