The ability to cycle through timeframes using the 'N' and 'M' hotkeys in MT4 and MT5 offers an efficient method for navigating chart data quickly. Users can utilize 'N' for the next timeframe and 'M' for the previous one, streamlining the analysis process without manual menu selections. This functionality is beneficial for those who require rapid access to various timeframes during analysis. Efficient navigation between timeframes assists in maintaining focus on data interpretation and decision-making. Customization of workflow through such shortcuts can significantly enhance productivity for traders and analysts. Regular use of these shortcuts can lead to a more streamlined and effective chart analysis experience.

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