Clarification on Multi-Timeframe Issue

[windowshopr]

Let's say I only want to use a higher timeframe on my chart to determine some kind of previous trend, using the ALREADY CLOSED bars of the higher timeframe (to mitigate repainting). The live prices can bounce up and down on the current lower timeframe all it wants, but I want the higher timeframe's data to be lagging by 1 bar, so that there's no repainting. Would that look something like this?

input currentTimeFrame = AggregationPeriod.Min;
input plus1AggPeriod = AggregationPeriod.Five_Min;
input TrendPeriods = 6;

def currentTFOpen = open(period = currentTimeFrame);
def currentTFHigh = high(period = currentTimeFrame);
def currentTFLow = low(period = currentTimeFrame);
def currentTFClose = close(period = currentTimeFrame);
def currentTFHighestHigh = highest(currentTFHigh, trendPeriods);
def currentTFLowestLow = lowest(currentTFLow, trendPeriods);
def currentTFTrend = (currentTFClose - currentTFLowestLow) / (currentTFHighestHigh - currentTFLowestLow);

def plus1AggOpen = open(period = plus1AggPeriod);
def plus1AggHigh = high(period = plus1AggPeriod);
def plus1AggLow = low(period = plus1AggPeriod);
def plus1AggClose = close(period = plus1AggPeriod);
def plus1AggHighestHigh = highest(plus1AggHigh, trendPeriods);
def plus1AggLowestLow = lowest(plus1AggLow, trendPeriods);
def plus1AggTrend = (plus1AggClose - plus1AggLowestLow) / (plus1AggHighestHigh - plus1AggLowestLow);

AssignPriceColor(if((currentTFTrend + plus1AggTrend[5]) / 2) > .5 then color.blue else color.orange);

I create 2 variables called

currentTFTrend

and

plus1AggTrend

, and if their average values are greater than .5, color the bars blue, otherwise orange. In the bottom line, I am referencing the plus1AggTrend from 5 bars ago re: there being 5 x 1-min bars in 1 x 5-min bar. Is this correct? I initially thought that I could reference

plus1AggTrend[1]

instead of

plus1AggTrend[5]

, however the previous few bars repaint colours, so thinking either 5 or 6 is necessary to prevent that.

 

[MerryDay]

You have a rolling 5 bar displacement. but the 5min candle is not necessarily the last 5 bars.
If the time is
9:41 am, the last 5min candle was 1 bar ago
9:42 am, the last 5min candle was 2 bars ago
9:43 am, the last 5min candle was 3 bars ago etc... etc.. etc...
Your method would not work.