Overview of Higher Timeframe Filters
Higher Timeframe Filters allow you to incorporate broader market trends and conditions into your strategy. By analyzing higher timeframes, TradeShields ensures trades are taken only when market conditions align across multiple timeframes.
Key features include:
- Selecting a higher timeframe to analyze (e.g., daily, weekly, or hourly).
- Applying technical indicators like EMAs, Supertrend, or Ichimoku Cloud as filters.
- Combining multiple higher timeframe filters for added precision.
Using these filters can significantly reduce false signals and improve trade accuracy.