## The power of two channels

Programs of technical analysis allow the trader to study the charts of different time scales. But in any case, we consider at least two time series: the larger scale trader uses to determine the overall trend, and small - to open and close positions. Is there an option to display information on a single chart several time intervals?

Two scales on a single card

Day Trader analyzes teak and 5-minute, mid-term trader - 60-minute and daily, well, long-term investor focused on daily, weekly and even monthly charts. In this case, the trader tries to combine the information of two graphs. For example, noting the support and resistance levels on the weekly chart, it often brings these levels on the daily charts. Get the current closing price on the daily chart, it tries to follow the changes in the weekly.

Suppose, as the basic scale used daily charts. The question arises: why analyze different scale to what additional information they provide? It is known that the various time-series graphs qualitatively very similar to each other. Moreover, the presentation is the same - the price of any time period can be depicted by a line bars, candles. Apparently, the difference is in the nature of the information. First of all, you need to understand what kind of information can give, for example, the candlestick chart. Any candle - a kind of <a cast> a certain time period, which is characterized by four parameters: the opening and closing prices, maximum and minimum prices. It should say that the level of the maximum and minimum of a candle can be considered as support and resistance levels for that period. [1]

Candle in the weekly chart notes support and resistance levels for the five day candles, as a weekly candle always <hide> Five day. After receiving the levels, the trader seeks to track the prevailing trend. To do this, it evaluates the relative positions of a few candles, and in fact - the relative positions of the levels of support and resistance [2, 3]. Open and close the special role is not played and more point to a quantitative change of capital.

Thus, using the work-week and daily charts, the trader, by mutual arrangement of candles on the weekly scale, tries to determine the prevailing trend and basic <corridor>, which are currently in prices, and transferring this information to the daily charts, it keeps track of the current position of a price within this <Corridor>.

It is actually very similar to the orientation of the map. First uses a large scale to select the direction of motion, and then - smaller to pinpoint their location. Always possible landmarks from the map on a larger scale move to small-scale map. Similarly, information from the weekly schedule can be transferred to day. You must build on the daily chart, a corridor within which the current price. Corridor should reflect the minimum and maximum weekly scale and showing the direction of the overall trend.

The construction of the indicator