What time frame is MagniZone? Can I use it for day trading?
Quick answerMagniZone 2.0 calls the daily and 4-hour charts: those held up in testing. A call can last up to 20 candles. On TradingView the indicator draws on any timeframe, but our calls and record are the daily and 4-hour.
The details
- Daily: Breakout Buys and the retest Bounce Buy. A call lasts at most 20 trading days.
- 4-hour: Breakout Buys at least 1% past the zone, and the sharp-drop Bounce Buy. At most 20 four-hour candles.
Shorter charts
The TradingView indicator draws zones and signals on any timeframe, the 1-minute included. Those are for your own look: we only call what held up on months the test never saw (only the best setups).
The Masterclass has a video on the best timeframe (where it is).
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