A stock market trader will often use several "screens" or charts on their computer with different time-frames and price intervals in order to gain valuable information for making profitable buying and selling (trading) decisions.
Often expert traders will emphasize the use of multiple time-frames for successful trading. For example, Alexander Elder suggests a Triple Screen approach.
Longer-term screen: To identify the long term trend and opportunities
Middle screen: To identify the best day(s) on which to locate a buy or sell opportunity
Finer screen: To identify the optimum intra-day price at which to buy or sell a given security
Friday, August 7, 2009
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