Use of Multiple Screens
A stock market trader will often use several "screens" or charts on their computer with different time frames and price intervals in order to gain valuable information for making profitable buying and selling (trading) decisions.
Often expert traders will emphasize the use of multiple time frames for successful trading. For example, Alexander Elder suggests a Triple Screen approach.
- Longer-term screen: To identify the long-term trend and opportunities
- Middle screen: To identify the best day(s) on which to locate a buy or sell opportunity
- Finer screen: To identify the optimum intra-day price at which to buy or sell a given security
Read more about this topic: Stock Market Cycles
Famous quotes containing the words multiple and/or screens:
“There is a continual exchange of ideas between all minds of a generation. Journalists, popular novelists, illustrators, and cartoonists adapt the truths discovered by the powerful intellects for the multitude. It is like a spiritual flood, like a gush that pours into multiple cascades until it forms the great moving sheet of water that stands for the mentality of a period.”
—Auguste Rodin (1849–1917)
“At length to hospital
This man was limited,
Where screens leant on the wall
And idle headphones hung.
Since he would soon be dead
They let his wife come along
And pour out tea, each day.”
—Philip Larkin (1922–1986)