OPEN-SOURCE SCRIPT
Bias Daily
This indicator shows in a different way how to evaluate the BIAS Daily.
Evaluate yesterday's closed candle [1] and that of the day before yesterday [2]
The conditions are:
LONG BIAS =
Candle [1] closed above High Candle [2]
- In this condition a long continuation can be considered
SHORT BIAS =
The candle [1] closed below the low candle [2]
- In this condition a short continuation can be considered
IN THE RANGE =
The candle [1] did not close below or above the Low and High candle [2]
- In this condition it is better not to risk it
The user has the possibility to:
- Choose to show high or low BIAS levels
- Shows the Table in which the BIAS D is marked
The indicator should be used as TTrades shows in its videos, it can also be implemented in ICT strategies.
The indicator takes into consideration the last 2 candles already closed, so on the candle that is forming you can expect reactions in the Pd Array of the Candle Range [1], below I show examples of how to use it in Multitimeframe
BIAS LONG =
BIAS SHORT =
Evaluate yesterday's closed candle [1] and that of the day before yesterday [2]
The conditions are:
LONG BIAS =
Candle [1] closed above High Candle [2]
- In this condition a long continuation can be considered
SHORT BIAS =
The candle [1] closed below the low candle [2]
- In this condition a short continuation can be considered
IN THE RANGE =
The candle [1] did not close below or above the Low and High candle [2]
- In this condition it is better not to risk it
The user has the possibility to:
- Choose to show high or low BIAS levels
- Shows the Table in which the BIAS D is marked
The indicator should be used as TTrades shows in its videos, it can also be implemented in ICT strategies.
The indicator takes into consideration the last 2 candles already closed, so on the candle that is forming you can expect reactions in the Pd Array of the Candle Range [1], below I show examples of how to use it in Multitimeframe
BIAS LONG =
BIAS SHORT =
Open-source script
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.
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.