Formula for current direction of market on large TF for qualifier as entry small TF? - NinjaTrader Programming | futures.io
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Formula for current direction of market on large TF for qualifier as entry small TF?
Started: by Jayswiss Views / Replies:121 / 2
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Formula for current direction of market on large TF for qualifier as entry small TF?

  #1 (permalink)
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Formula for current direction of market on large TF for qualifier as entry small TF?

For my manual trading, I look at something like a 15min or 1hour timeframe chart and mentally classify it as one of 4 things with a quick glance:

- very bullish
- bullish
- bearish
- very bearish

If the larger trend is "very bullish" then I try not to take short opportunities on a faster timeframe (like 1min or 3min) that present themselves, no matter how tempting.

I want to replicate that concept in ninjascript, but not sure of the most optimal way to go about it.

Any suggestions?

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  #3 (permalink)
Elite Member
San Francisco, CA / USA
 
Futures Experience: Intermediate
Platform: NinjaTrader, TradingView
Favorite Futures: ES, TF, NQ, CL, GC
 
Posts: 29 since Jun 2016
Thanks: 4 given, 3 received


Or maybe I just need to use an existing indicator (maybe something like AROON?) for this on the larger timeframe....

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