Inspired by @TTrades_edu video on daily bias, this indicator aims to develop a higher timeframe bias and collect data on its success rate. While a handful of concepts were introduced in said video, this indicator focuses on one specific method that utilizes previous highs and lows. The following description will outline how the indicator works using the daily...
ICT Daily Bias helps us determine where the market is likely to go for the day. The ICT Daily Bias tool aids in forecasting the likely direction of the market for the day. It delineates the previous day's high and low levels, providing insights into potential price movements whether the market is expected to touch the previous day's high or low.
When using bar replay mode on TradingView, you have to scroll your way back through clearly visible price history, which always leaves you with unwanted lookahead bias because you unfortunately see all future price movements before they are hidden by the use of the scissors tool. This indicator provides a simple way to hide all the price action and displays a...
What is This? The ICT Daily Bias Finder uses a method called "DTCC" to identify the London and New York session's bias, bullish or bearish. This indicator should only be relied on for 5 minute, and not other timeframes. How do I use it? Look at the previous days two boxes (labeled DTCC Bear/DTCC Bull), if both are bullish or both are bearish it is NOT...
Usage: This indicator allows you to note on your desired pair what is the current state of the trends. !! How to use: You have to input the values for each table case to your desire in the indicator settings. !! With this indicator you can note : -what is the timeframe Bias -which supply or demand we`ve just hit I use this as a tool for my analysis with...
This script is designed for traders who want help defining their session bias it is for people who trade in sessions which will most likely be 1 4h candle. The way I trade using Price action to get my daily bias, to either look for sells or buys or both I look at the previous daily candle close and previous 4hr candle close before analyzing the structure on the...
Allows you to display a bias for the W, D, 4h, 15m & 1m Timeframes based on your own analysis.
OVERVIEW This is an implementation of alexgrover's R2-Adaptive Regression optimized for the latest version of TradingView. Full details on the indicator are on alexgrover's page here:
Name: Bias Analyzer Category: Market Analyzer Timeframe: 1H and 1D, depending on the Analysis type. Technical Analysis: Usually when we think about a Trading System we start from an idea. This idea comes normally from observation and the study of the market. Have we ever observed a market - for example Bitcoin - and thought that it increases at the start...
█ Overview Breakout Probability is a valuable indicator that calculates the probability of a new high or low and displays it as a level with its percentage. The probability of a new high and low is backtested, and the results are shown in a table— a simple way to understand the next candle's likelihood of a new high or low. In addition, the indicator displays...
Hello Everyone. I hope you are all doing great. It's been a long time since I posted my first script here, and I got a lot of response from that. So, I thought I should share this script also to everyone, and anyone that may find it useful. Personally, I use it to tell the general market conditions. Here's how I works : The script tries to determine the overall...
A simple indicator that uses Pivot Points as a filter and to generate a Directional Bias . How to use this indicator? 1. Directional Bias Bullish => Closing Price > Pivot Point Bearish => Closing Price < Pivot Point 2. Support / Resistance Each Pivot Points can be used as Support or Resistance 3. Take Profit Targets Each Pivot...
Description Bias is also known as deviation rate which is a technical index derived from the moving average principle. Its function is to measure the deviation degree between the stock price and the moving average line in the process of fluctuation. Usage Generally , Moving averages of period 6,12,24 and 72 are used in the calculation. Of course, it is...
Here’s an indicator that calculates the difference between the average distance we need to look back to find the up and down volume equal to the total volume of the last n bars. The further we need to look back to find the up or down volume, the more bearish or bullish its value is. A not-yet published indicator from the PS-V5 blog!
Bam-- look what Rex did. A RexDog Average with ATR bands-- he's going insane. Simple but powerful. This indicator includes the RexDog average but provides you with the ability to plot (and customize) both above and below ATR calculated bands. With this indicator you can display all 3 or any combination of the bands: the RexDog Avg, Adding ATR Upper or the...
Yes, simple—the RexDog Average is a bias moving average indicator. The purpose is to provide the overall momentum bias you should have when trading an instrument. It works across all markets and all timeframes. Usage: Price above the RexDog AVG = long momentum bias Price below the RexDog AVG = short momentum bias *Note: we have banned the word “trend” in...
Level: 3 Background Bias alone is a powerful tool for trading. I use SMA3, SMA10, SMA20, SMA30 to cover short and middle term of the trend for scalping. Multiple biases can be introduced for long and short entries. Function Use SMAs and biases for scalping with whale move alert (banker fund flow detection) Key Signal buy --> entry signal for long strongbuy...
Level: 2 Background A simple moving average (SMA) calculates the average of a selected price range, usually closing prices, based on the number of periods in that range. A simple moving average is a technical indicator that can be used to determine whether an asset price is holding a bull, a bear, or is reversing. The bias shows the moving average rate of...