Longer period charts, such as weekly or monthly, can provide extremely important perspectives. Where daily charts are commonly used to ‘time the market’ or determine the timing of a trade, weekly or monthly charts can be used to provide a comprehensive perspective on the long-term trend of the market.

MIMIC allows you to create longer period charts. To create a weekly or monthly chart, you must change the time units for the series and the execution units or the frequency of display in the Configuration window.