Time Frame is the time period or time period for each candlestick or bar chart used. A smaller time frame means the graph will show smaller movements. The larger the time frame, the larger the time period of movement of the graph shown.
From within the MetaTrader (MT4) platform, there are several types of Time Frames that can be used.
TIME FRAME
M1 = 1 Minute
M5 = 5 Minutes
M15 = 15 Minutes
M30 = 30 Minutes
H1 = 1 Hour
H4 = 4 Hours
D1 = Daily
W1 = Weekly
MN = Montly
If you select H1, it means one candlestick stick on the H1 graph, representing the movement of the graph over a 1 -hour period.
If you select M1, it means one candlestick stick on the graph of M1, representing the movement of the graph over a period of 1 Minute.
Usually, a larger time frame is used to see the general movement of the currency, which is known as 'Trend'. We will learn about ‘trends’ i.e. the direction of a general movement in the next chapter.
Continue studying the next chapter.
