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Registered User
Joined: 5/22/2006
Posts: 20
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Can you explain to me what the difference in viewing days from daily. Can you tell me or tell me where to read about the different time periods representation. Ex: why would I use a 2 day or 6 day versus a daily and what is the interpretation meaning?
Thank
Scott
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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A Daily chart displays 1-day per Bar, a Weekly chart displays 5-Days per Bar, a Monthly chart displays 21-Days per Bar. You would want to switch Time Frames and Zooms primarily to get both short and long term perspectives. That said, the trainers cannot give settings, interpretation or investment advice. I will move this topic to Stock and Market Talk forum where other traders are more likely to see it and comment. You may wish to review the following:
Setting the Time Frame and Zoom Level
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 1/28/2005
Posts: 6,049
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When you look at longer timeframes. You are looking
at the bigger picture.
Also trends are viewed as having more conviction.
3 bars up on a daily means 3 days of strength.
3 bars up on a weekly means 15 days of strength.
3 bars up on a monthly means 63 days of strength.
Thanks
diceman
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