So first step is to make candle MTF and to find the average of high and low of the MTF candle. I think a ratio of 4/1 is good .
so this seen in the lime /red line
after we take this line and transform it to type . I use here 50 candle size seen in blue line
if close are above the blue line then we are above the avg of the high and low of the mtf candle .. this indicate a positive trend. if we close is bellow the blue line then it a negative trend and it good time to short it .
also very important is the direction of the blue line as it give us the direction of the trend
I think now it better
thanks for fikira for this improvment
This is a modified script based on Alex grover trend detection method for link to original study for this method 'scroll down in script for lik
timeframe.isintraday and timeframe.multiplier >= 1 ELSE timeframe.isintraday and timeframe.multiplier < 60
First condition already includes second and never pass to the second condition. Are you sure about it?