The nice thing is you don't have to use them as a

The nice thing is you don't have to use them as a daytrader. You can set for a 15 minute chart, 1 hour chart, 1 day chart, etc and use it as a tool to help you decide if you are still in an uptrend or downtrend. As an example, say you want to buy AAPL for the long term. Should you buy now. Well if you put in to use a 1 week bar chart, you would see that it told you to buy AAPL on 4/13/2020 @ $63 (that is adjusted for the 4:1 split they had) and even though they had dips along the way, it did not generate a sell until 9/21/2020 @ $114. Right now AAPL is @ $118, but it has not gotten a buy signal yet on that time frame. Basically it helped you make the decision to ride out pullbacks that did not hurt the uptrend, even though you might have wanted to sell.

Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.