HOW-TO Multi Time Frame analysis with the MTP Scripts

18 mar 2021

In this "How To" video, we take a look at how to use multi time frame analysis with the MTP Scripts to uncover possible trade setups.

We realize that using 15/3 min is usually a shorter time frame than most posts on TradingView, but we wanted to show that TradingView can be used on shorter time frame charts, so we are including this example on the YM. As you can see from the video, the idea is that you use the higher time frame to project your DP (MTP Decision Point) zones onto your chart. These can be placed on the chart in advance. Then when (if) the Market makes a reversal at these levels, then we deem that the Picture is clear, and that determines the larger degree trend.

We then go to the shorter time frame to then look for setups that fall in this larger degree trend direction.

Please remember that markets will be random (not in a clear pattern) just over 50% of the time, so the idea is that you only work with markets that are making reversals at the anticipated zones, ie only when the picture is clear.

Once on the shorter time frame you look for clear trade setups in the new trend direction.

As shown in the video, even when the picture is clear looses can and will unfold, that is why it is important to use Position Sizing to keep the losses small when they unfold.

I hope this video has been helpful to show how to use multi time frame analysis to uncover possible trade setups.

Please note: this is not a trade recommendation, you should all perform your own Analysis. Losses can and will unfold when Trading, please always use Stops and keep your losses small.

PS, if any of you eagle eyed viewers spotted that one of the green "MTP history triangles" disappeared later in the video, and that worried you, it was just because I had "hidden" the standard MTP trade setups script in the video to show the MTP Advanced trade setup more clearly.