Time on top of time - Why I like the "Time Cycles" drawing tool.
Updated
As a swing-scalper trader I need to know what's going on in the larger time frames. I should be aware of prior bullish and bearish patterns and understand the changing volatility levels of daily and weekly trends to minimize risk potential and to maximize rewards potential. So that I can visualize this from my native 15 minute chart (the time frame I work from) I use the "Time Cycles" drawing tool. I Click two points on the chart 24 hours apart. I change the time frame to 1 hour and then use the "Time Cycles" tool again to click two points exactly 7 days apart. The harmonic patterns of daily and weekly life and markets become visible to me with this chart set up.
Thank you tradingview team! I love my free account here :)
Thank you tradingview team! I love my free account here :)
Note
BTW the last thing I do is zoom out all the way on the hourly chart and look for trends with the arcs of time and price action. By the way I began learning trading about 6 weeks ago. All feedback is welcome. Always do your own research. Disclaimer I am not a financial advisor.
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