Scholastic indicator and different time intervals

To have an objective view of the price chart and the dominant trend we not only need to consider the observed asset’s time interval, but also compare it to the neighboring intervals.

In doing so, we get an additional confirmation that a certain trend is part of a bigger trend, which makes our signal stronger. Our today’s protagonist, MTF Scholastic, helps observing the stochastic chart of a higher time interval on a chart of a lower time interval. We can observe a 5-minute chart and watch the indicator on a 15-, 30- or 60-minute time interval of a particular asset at the same time.

Usage example:

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Such a configuration enables playing according the the trend, but also on a higher time interval.

To set a different time interval we just add the MTF schotastic indicator to the terminal and modify the TimeFrame setting to the desired one (in minutes).

Download MTF-Stochastic-v2.0

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