What is Timeframe? · M1 (one-minute); · M5 (five-minute); · M15 (fifteen-minute); · M30 (thirty-minute); · H1 (hourly); · H4 (four-hour); · D1 (daily); · W1 (weekly); ...//=tr_key('headerbar-mobile-text',"BlackFridayDeal",'black-friday')?>//=tr_key('headerbar-desktop-text',"BlackFridayOffer:GetaLifetimePlanWith65%Discount!",'black-friday')?>//=PlansPage::link()?>//=tr_key('headerbar-cta',"SeePricing",'black-friday')?>//=tr_key('headerbar-till-date',"OnlytillDEC,2",'black-friday')?>July31,2021WhatisTimeframe?ForexBasics44Timeframeisawayofgroupingpricestodisplaythemonthechartinamoreconvenientmanner.Therearenumeroustypesoftimeframes,butthefollowingonesarethemostcommonthroughdifferentplatforms:M1(one-minute);M5(five-minute);M15(fifteen-minute);M30(thirty-minute);H1(hourly);H4(four-hour);D1(daily);W1(weekly);MN(monthly).Allthesetimeframesarepresentinthemostpopulartradingterminal–MetaTrader4(MT4).SowhatdoesallthesetimeframesM1,M5,M15,M30,H1,H4,D1,W1,andMNmeaninForextrading?Thetimeframelabelindicatestheamountoftimeonecandlerefersto.Thelargerthetimeframechosenbyatrader,thelargerthetimeintervalencompassedinonecandleonthechart.Thechoiceisnotlimitedtotheabove-mentionedtimeframes.Traderscanalsomakeuseofnon-standardtimeframeslikethree-minute(M3)ortwo-hour(H2)ones.Youcanlearnhowtocreateanon-standardtimeframemanuallyinMT4here.Forbetterclarity,we’llrevealtheessenceoftimeframeswiththefollowingexample.Let’stakethepricechartofEUR/JPYontheH1timeframe.Itwilllooklikethis:So,whatisH1timeframeinForex?OnH1eachcandleonthechartcorrespondstoonehour.Thus,thechartprovidesuswithinformationontheopeningprice,theclosingprice,theminimumprice,andthemaximumpriceovereachhour.Atthat,thevisibletimeintervalbeginsonSeptember10andendsonSeptember17.September12and13areskippedbecausethey'repartoftheweekend.Nowlet'sconsideranexampleofthelargertimeframe–four-hour(H4)–showninthechartbelow:NotethatthenewchartshowsalongertimeintervalbeginningonAugust17.Thatis,theH4timeframeactuallyshowsusthepricemovementofEUR/JPYfor