NexusFi: Find Your Edge


Home Menu

 





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


Discussion in NinjaTrader

Updated
    1. trending_up 878 views
    2. thumb_up 0 thanks given
    3. group 1 followers
    1. forum 2 posts
    2. attach_file 0 attachments




 
Search this Thread

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

  #1 (permalink)
 Jayswiss 
San Francisco, CA / USA
 
Experience: Intermediate
Platform: NinjaTrader, TradingView
Trading: ES, TF, NQ, CL, GC
Posts: 29 since Jun 2016
Thanks Given: 4
Thanks Received: 3

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?

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Futures True Range Report
The Elite Circle
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
Better Renko Gaps
The Elite Circle
 

  #3 (permalink)
 Jayswiss 
San Francisco, CA / USA
 
Experience: Intermediate
Platform: NinjaTrader, TradingView
Trading: ES, TF, NQ, CL, GC
Posts: 29 since Jun 2016
Thanks Given: 4
Thanks Received: 3


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

Started this thread Reply With Quote





Last Updated on July 11, 2016


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts