Tips for not overcomplicating the screen setup with MTF analysis
As you try to view multiple timeframes and open charts, your screen becomes densely packed with small charts. Each chart is too small to see the candlesticks. You lose track of which chart you were looking at. In multi-timeframe analysis, this kind of “clutter on the screen” tends to occur.
This time, we’ll share tips to make it easier to read without increasing the number of screens.
How to Decide the Number of Chart Panels
1. Decide the timeframes you will watch before opening
First, decide the combination of timeframes you will use. In many cases, three lines for environment, judgment, and timing are enough. Charts opened “just in case” are rarely used.
2. Narrow down the number of currency pairs
Opening three timeframes for five currency pairs results in 15 charts. Only analyze the currency pairs you will actually trade.
3. Separate monitoring and analysis
If you separate a screen for “watching price movements” from a screen for “careful analysis,” you can reduce the number of charts per screen. If you use MT5’s profile feature, you can switch between screen layouts.
Layout Tips
- Create size differences: Make the most-viewed chart (often a lower timeframe used to gauge timing) larger, and keep higher timeframes smaller
- Decide the order to lay them out: Place them in the same order each time, from the upper timeframe on the left to the lower timeframe
- Place the same role in the same position: Even if you change currency pairs, a consistent layout prevents confusion
Reduce What Is Displayed
To declutter the screen, review not only the number of charts but also what is inside each chart.
- Remove unused indicators
- Hide the grid (background grid)
- On higher timeframes, leave only the lines used for that timeframe
- Limit colors (decide the meaning of line colors)
In particular, indicators on a single chart with many lines can obscure the candlesticks.
If You Have Only One Monitor
Even with one monitor, you can analyze effectively with some tweaks.
- Switch higher-timeframe views only when needed for judgment
- Use chart tabs to switch across full screen
- Arrange frequently used timeframes on a toolbar and switch with one chart
When switching timeframes on a single chart, lines you drew appear across all timeframes by default. Since lower-timeframe charts may not need some lines, the screen can become crowded. By configuring line properties to “display timeframes,” it becomes easier to read.
Caution
The more screens you add, the more comfortable you feel seeing a lot of information. However, information you do not use for decision-making can only increase indecision.
First, mark on your current screen the charts you actually use for decision-making. If there are charts you do not use, those are candidates to reduce.