I want to make a strategy using two different timeframes:
1. On larger timeframe I decide the direction of position(long/short)
2. Based on signal from smaller time frame I open position
For example, suppose I choose time frames 15min and 60min, on both timeframes I use some indicator.
I want to detect the following case:
1. On 60 min time frame signal from indicator is fired.
2. Wait signal from the indicator from second time frame and open position if it is received
Example:
1. Suppose, bar for 10:00-11:00 is closed.
2. On the 11:05 I know that condition for bar 11:00-12:00 is fulfilled(i.e. signal from 60min time frame is received)
3. In 11:30 I receive signal from 15min time frame and open position
Please, give me a piece of advice, how to implement this strategy.
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