BiasBand
When a close breaks beyond the bands the indicator sets the state (flip) and saves a pivot (option to use the confirmed basis from the previous bar). To reduce false signals it includes:
- Pivot buffer percent — a percentage hysteresis around the pivot to avoid micro-flips.
- Recovery check — if the basis crosses the pivot (beyond the buffer) the state is updated even without a band breakout.
- Slope-based backup — ability to force a flip when the basis moves persistently in the opposite direction for N consecutive bars.
- Session shading (optional) and debug label for tuning.
BiasBand is intended for intraday traders and scalpers who want a quick indication of market bias with extra filters to reduce noise and false flips. The envelope always follows the chart timeframe (multi-TF consistency).
Main inputs (quick explanation)
- MA Period (lenEnv): period of the moving average used as the basis for the envelope.
- Envelope Percent (pctEnvIn): width of the bands expressed as a percentage of the basis.
- Pivot buffer percent (pivotBufPct): hysteresis around the pivot to avoid micro-flips (e.g. 0.001 = 0.1%).
- Save pivot = basisRaw[1] (pivotUsePrevBar): when true, the pivot is saved from the confirmed previous basis bar instead of the current basis — reduces intrabar noise.
- Enable basis-slope flip / Consecutive bars (basisSlopeBars): backup mechanism that forces a flip when the basis moves persistently for N bars.
- Session shading: optional hourly shading over a chosen time range.
- Show debug label: displays useful values for the latest bar to help parameter tuning.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact RiskGuard directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact RiskGuard directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.