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Correlating multiple time frames will stack the odds in your favor regardless of the trading style you use. This MTF Fractals Indicator makes trading using multiple time frames (MTF's) of Support & Resistance so visually simple that you will want to add MTF analysis to all of your trading. MTF analysis will provide you the "edge" you are looking for no matter what your trading style.

For #3 which is Support and Resistance, I use the Fractal Channel Indicator and MTF Fractals Indicator.

The real secret "edge" in trading is made up of three things (1) Price Action, (2) Volume Action, and (3) Support and Resistance. Price Action is the prime important fact and Volume is second to price action. Price and Volume combined creates Support and Resistance on every trading chart. These three all important aspects of trading (1) Price Action, (2) Time Segmented Volume Action, and (3) Support and Resistance are the real trading "edge".

http://www.customizedtrading.com/TradeStation_Add_Ons/MTF_Fractal_Indicator

Traders commonly use lots of "potential" Support and Resistance lines like floor trader pivots, moving average lines, etc, etc. all of which show "potential" support and resistance areas http://www.us-moving.com/ and only Price Action and Volume Action will show if these "potential" lines prove to be support or resistance. Whereas the MTF Fractals Indicator is real time support and resistance without all the "maybe" nonsense.

For #1 which is Price Action, I use the MTF_Trend Indicator to show "real time" Price Action on 8 time frames at once.

MTF Fractals Displays 8 Time Frames of Support & Resistance

Many traders operate under the delusion that a multiple line moving average ribbon is a multiple time frame indicator but it really is a single time frame indicator using multiple different lookback (LAG) settings. A multiple line moving average ribbon tells you absolutely nothing about any other time frame they are just multiple lag indicators.

Trading tends to have an overwhelming amount of information so why add to that with a bunch of MAYBE support and resistance indicators like floor trader pivots, moving averages, etc, etc. Simplify your trading by only dealing with the "real time" MTF Fractals support and resistance indicator.

For #2 which is Volume Action, I use the Time Segmented Volume Normalized to see behind the "Wizard of Oz's Trading Curtain" to understand real trading volume action.



This Multiple Time Frame MTF Fractals Indicator displays this "real time" identification of Price Action and Volume Action that traders call Support & Resistance for 8 different time frames.

http://www.customizedtrading.com/TradeStation_Add_Ons/MTF_Fractal_Indicator



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