Formula for current direction of market on large TF for qualifier as entry small TF?

July 11th, 2016, 02:56 PM

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?

July 11th, 2016, 10:57 PM

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

Formula for current direction of market on large TF for qualifier as entry small TF?

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Formula for current direction of market on large TF for qualifier as entry small TF?