XAUUSD Multi-Timeframe Bias Scanner

🎯 Purpose & Overview
This is a sophisticated trading indicator that analyzes XAUUSD (Gold) across 5 different timeframes simultaneously to determine market bias and trend direction.

⚙️ Core Components
2. Bias Calculation Engine
The heart of the indicator uses 5 technical factors to score each timeframe:

Technical Factors (Weighted):
Moving Average Alignment (30 points)

Bullish: EMA(9) > EMA(21) > EMA(50)

Bearish: EMA(9) < EMA(21) < EMA(50)

Price vs MA Position (20 points)

Score increases when price above MAs

Score decreases when price below MAs

RSI Momentum (20 points)

Bullish: RSI > 60 or > 50

Bearish: RSI < 40 or < 50

MACD Signals (15 points)

Bullish: MACD line > Signal line AND > 0

Bearish: MACD line < Signal line AND < 0

Volume Confirmation (15 points)

Volume spikes with price movement add confirmation

📊 Timeframe Analysis
Five Timeframes Monitored:
5-minute - Short-term noise (10% weight)

15-minute - Intraday direction (15% weight)

1-hour - Key intraday bias (25% weight)

4-hour - Primary directional bias (30% weight)

1-day - Overall trend context (20% weight)

Bias Scoring System:
0-100 Scale (50 = Neutral)

STRONG BULLISH: ≥70 (Green)

BULLISH: 55-69 (Lime)

NEUTRAL: 46-54 (Gray)

BEARISH: 31-45 (Orange)

STRONG BEARISH: ≤30 (Red)

🎨 Visual Features
1. Comprehensive Table Display
pinescript
var table biasTable = table.new(position.top_right, 3, 7, ...)
Shows a color-coded table with:

Timeframe name

Numerical bias score (0-100)

Strength description with color coding

2. Chart Visual Indicators
Background coloring based on overall bias

Label markers for strong bullish/bearish conditions

Real-time label showing all timeframe scores

3. Alert System
Triggers when overall bias crosses 70 (bullish) or 30 (bearish)

Configurable with sound options

🔄 How It Processes Data
Data Flow:
Requests security data for each timeframe using request.security()

Calculates technical indicators for each TF separately

Scores each TF based on 5 technical factors

Computes weighted overall bias

Updates visual displays and checks alert conditions

💡 Trading Applications
Bullish Scenarios:
Multiple timeframes show bullish alignment

Higher timeframe bias supports lower timeframe direction

Overall score > 70 indicates strong bullish conviction

Bearish Scenarios:
Multiple timeframes show bearish alignment

Higher timeframe bias confirms lower timeframe moves

Overall score < 30 indicates strong bearish conviction

Conflict Detection:
When timeframes show conflicting biases

Caution required - market may be consolidating

Wait for alignment before taking trades

🎚️ Customization Options
Users can modify:

Timeframe weights

Technical indicator parameters

Alert thresholds

Visual display preferences

Scoring sensitivity

📈 XAUUSD Specific Optimizations
The indicator considers Gold's unique characteristics:

High volatility periods

ATR-based volatility adjustments

Volume confirmation for breakouts

Multiple timeframe confirmation for trend reliability

This creates a powerful tool for identifying high-probability trade setups in XAUUSD by ensuring traders have a complete multi-timeframe perspective before entering positions.