About Trend Direction
Determining the direction of the current trend is easy – for the past. Most traders (especially beginners) try to find the exact turning point of the trend changes. The results are usually a lot of triggered stop losses.
To remove personal opinion from the process of detecting the current trend direction, it is recommended to use the Trend Direction indicator built into VestraCharts.
Trade in the trend of the higher time scale!
The Current Trend Direction shows the trend of the actual chart’s time scale, but the Higher option shows the trend of a higher time scale on the current chart. When the trend direction of the higher time scale does not conform to the direction in the current time frame, the bar colors are white indicating an indetermined compound Trend Direction.