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what is the difference between the weekly and the monthly. Both only operate in the 4hr time frame

I just got he daily and wondering if i need to go to higher time frames need help deciding and would like to know pros and cons for each

J 

Hi ,

there is the difference between the daily , the weekly and the monthly , each one have its lines because they depends on the High and Low interval

the daily depends on high and low of yesterday

the weekly depends on high and low of the last week

the monthly depends on high and low of last month

and then drawing its 10 lines , that is the difference between them , read this please ,https://www.mql5.com/en/blogs/post/661971