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TFX Daily Bias

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This indicator provides a clear view of overall market bias by comparing higher and lower timeframe trends.

When both trends align, the background highlights the bias:

- Green background = Bullish bias
- Red background = Bearish bias
- No background = Neutral bias

Along with this, a compact dashboard is displayed on the chart showing the current bias status (Bullish, Bearish, or Neutral).

Key Features:

- Multi-timeframe bias detection for stronger confirmation.
- Background color highlighting for instant visual recognition.
- Simple dashboard to track current bias at a glance.
- Optional alerts to notify when bias shifts.
- Mainly designed for intraday traders who want quick confirmation of market direction.

This tool is meant to simplify analysis by giving you a structured view of bias across timeframes. It does not provide direct buy/sell signals but supports better trading decisions through clarity and consistency.
Release Notes
Minor updates

Disclaimer

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.