【Video】How to easily display higher-timeframe moving averages on MT4 in a multi-timeframe-like way
Are you aware of the core principle of technical analysis: multi-timeframe analysis?
Multi-timeframe analysis is the idea of combining timeframes of different lengths, such as a 5-minute chart plus a 1-hour chart, or a 4-hour chart plus a weekly chart, to analyze trends in multiple layers. Winning traders generally base their trend analysis on this concept. In other words, it is almost indispensable for making profits in FX.
In this video, we explain how to easily set up a multi-timeframe analysis environment on MT4. Using the 5-minute chart as an example, master how to display moving averages from the 1-hour and 4-hour timeframes on top of it. Once you understand the concept, you can apply it in various environments.
What you can learn from this video
In this video, you will learn the following:
- How to display SMA20 from the 1-hour timeframe on the 5-minute chart
- How to display SMA20 from the 4-hour timeframe on the 5-minute chart
- A simple calculation method to realize multi-timeframe analysis
- How to show the displayed moving averages only on a specific timeframe
● Video length: 6 minutes 40 seconds
From the Presenter, Kakuchi, a Word
This is a concept for those who want to summarize information from higher timeframes on a single chart. Once understood, it is incredibly simple and highly versatile for various applications.
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