This chart shows the tools needed to analyze price action using true range of moves. If you are master in multi-timeframe analysis, this method will give you precision. Setups have master, pattern, and trigger timeframe parts. The relation between timeframes of a setup are as follows: master timeframe is highest timeframe for setup, pattern timeframe is one lower fractal timeframe, and trigger timeframe is two lower fractal timeframe, both relative to the master timeframe. Fractal timeframes respectively are: M, W, D, H4, H1, M15, M5, M1.
Two main setups are trading based on return, and trading based on break. Trading based on return consists of two sub-setups: trading based on pivot setup for reverse pivot, and trading based on area nature setup for settlement pivot. Trading based on break setup or trend pivot setup, and trading based on area magnet setup. Each setup has a trigger line entry in its trigger timeframe as following: area nature setup trigger line, return to pivot trigger line, magnet trigger line, and pullback trigger line.
Two main setups are trading based on return, and trading based on break. Trading based on return consists of two sub-setups: trading based on pivot setup for reverse pivot, and trading based on area nature setup for settlement pivot. Trading based on break setup or trend pivot setup, and trading based on area magnet setup. Each setup has a trigger line entry in its trigger timeframe as following: area nature setup trigger line, return to pivot trigger line, magnet trigger line, and pullback trigger line.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.