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:
“Combining paid employment with marriage and motherhood creates safeguards for emotional well-being. Nothing is certain in life, but generally the chances of happiness are greater if one has multiple areas of interest and involvement. To juggle is to diminish the risk of depression, anxiety, and unhappiness.”
—Faye J. Crosby (20th century)
“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)