The **CRP Biased (BITX)** indicator provides a dynamic, trend-following tool designed to identify market direction and potential trade opportunities. It combines key elements like volatility bands, trend lines, and moving averages to help traders make informed decisions.
- **Trend Identification**: The indicator utilizes a hybrid line that blends key market references, helping to smooth price action and highlight prevailing market trends. The line dynamically changes color to reflect whether the market is bullish or bearish.
- **Support and Resistance Bands**: With adjustable volatility bands, the indicator marks potential support and resistance levels, allowing traders to spot price extremes and areas of potential reversal.
- **Trade Signals**: Buy and sell signals are generated when the price crosses above or below key levels, helping traders capture potential market moves. These signals are displayed as clear markers on the chart for easy identification.
- **Market Insight**: The indicator includes additional visual elements like the **9 EMA** and **VWAP** to provide further insight into market conditions and reinforce signal reliability.
Ideal for traders who want a comprehensive and visually clear indicator for identifying trends, support/resistance levels, and entry signals in real time.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.