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The 2-in-1 candles
More information, more fun
The 2-in-1 candle allows traders to show candles in smaller time frames within candles in higher time frames. By doing so, traders can see one single chart the short-term trend within the main trend.
The 2-in-1 candle also shows traders how the candles in the higher time frame are build. This is very interesting.
Finally, the 2-in-1 candles make trading in higher time frames (don't forget, the higher the time frame the better the signal) more fun. They show market action within the slower high time frame candle.
Using the 2-in-1 candles
The smallest time unit you can choose is 1 minute. The candles in the higher time unit can then be any multiple of 1 minute. Any combination is possible.
This example shows 2-in-1 candles for the DAX. The trader shows the 1-minute candles in the 60-minute (1-hour) candles. The green line is the opening price of the 60-minute candle. The beige line is the closing price of the 60-minute candle or, in the case of the candle that is being build, the market price.
Compare the 2-in-1 candles above with the regular 60-minute candles below.
These are the advantages of the 2-in-1 candles
- The candles show more market information in an easy format.
- The candles make trading in higher time frames more fun.
- The candles are easy to understand and use.
- The candles are FREE.