Daily Bias

25 wrz

This indicator draws daily open price levels and marks shifts in market environment with vertical lines. The environment is defined by the daily open relative to the 1H 100 EMA — bullish when above, bearish when below. A simple tool to track daily bias and key levels across all timeframes.

7 paź

Informacje o Wersji

Daily Bias Indicator helps me identify the overall market direction based on the relationship between the daily open and the 1H 100 EMA.

When the daily open is above the 1H EMA, the environment is considered bullish; when it’s below, the environment is bearish. The indicator visually marks these environment shifts and plots helpful reference levels on the chart.

Features:
• Draws Daily Open lines for each new trading day.
• Highlights environment changes (bullish/bearish) with vertical lines.
• Displays a 1H 100 EMA directly on any timeframe.
• Fully customizable colors, line styles, and widths.

This tool was designed for my strategy.