In Technical Analysis Using Multiple Time Frame By Br Sachsen , the MTF is not used for execution. It is used for context . If the MTF looks choppy and directionless, do not drop down to the LTF. Wait for the MTF to clarify.
+-----------------------------------------------------------------+ | HIGH-TIME FRAME (HTF) - e.g., Weekly / Daily Chart | | Purpose: Identifies Trend Direction & Key Levels | +-----------------------------------------------------------------+ | v +-----------------------------------------------------------------+ | INTERMEDIATE-TIME FRAME (ITF) - e.g., 4-Hour / 1-Hour Chart | | Purpose: Identifies Current Market Cycle Stage & Pullbacks | +-----------------------------------------------------------------+ | v +-----------------------------------------------------------------+ | LOW-TIME FRAME (LTF) - e.g., 15-Minute / 5-Minute Chart | | Purpose: Pinpoints High-Probability, Low-Risk Entry Targets | +-----------------------------------------------------------------+ 2. The Four Stages of Market Cycles