DislikedAlso the moment you identify the trend on lower TF's like 5-minute, the trend is already over probably.. not useful for trading purpose at all..Ignored
and therein lies the trading purpose..... at least in trend trading that is...... this only applies to adding trades on multi 1440 or 10080 trends......
roughly knowing when the smaller timeframes countertrends are already over probably, can be the better larger timeframe entry...... such as selling the 5 minute uptrend signal when the 240, 1440 and 10080 are down.....
in a very real sense reversing the trades on a lower timeframe for a better entry on the larger timeframes...... placing the exact opposite trade of the 5 minute signal.....
the average length in bars can be calculated on every pair and every timeframe on almost every indicator..... so we can , roughly, know the average length of the trends on every pair and every timeframe..... average......
if the 5 minute jjma, jfatl and alma have all been in a uptrend for 8 bars during a 1440 downtrend, my sells are fixin to hit the board......h
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to trade and code, keep both simple... no call to impress....h
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