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Bias And Sentiment Strength (BASS) Indicator by mattzabBias And Sentiment Strength (BASS) Indicator is designed to be a quick visualization as to the market strength. Pair with Alligator, MACD, or Moving Average lines on your chart for good results. How to use this indicator: Blue above 0 is positive sentiment, red below 0 is negative sentiment. If you have blue above and red below, be cautious! The Bass is telling you that we have a battle between the Bulls and the Bears! The purple bars are your volume bias. Volume bias can be positive or negative, despite the direction of the overall trend. Positive Volume Bias along with Bullish Blue Sentiment is a great sign! Go Long! If you have Bullish Sentiment and have a negative Volume Bias, be cautious! Price may not be moving with much conviction, and may be subject to reversal! This is basically several different histograms overlaying one another, and they are blue above 0 and red below 0. MACD Histogram - Standard MACD Histogram here. RSI Histogram - This is a standard RSI. It has been adjusted to "oscillate" above and below zero, which would be the 50 line on a normal RSI chart. Slow Stochastic Histogram - This is a slow stochastic with a 21 Period K, 14 Period D, and 14 Smoothing K. The "oscillator" histogram is formed by subtracting K from D. Awesome Oscillator - This is a standard Awesome Oscillator Alligator Oscillator - This is formed by adding (lips + teeth) + (teeth - jaw) Volume Bias - The Volume Bias is displayed as purple bars, and is calculated by a highly sophisticated and complex algorithmic function called subtraction. It's just the 30 Period Volume-Weighted Moving Average Minus the 30 Simple Moving Average. Enjoy!
Pine Script® indicator
by mattzab
28
Bias Finder [UAlgo]The "Bias Finder " indicator is a tool designed to help traders identify market bias and trends effectively. This indicator leverages smoothed Heikin Ashi candles and oscillators to provide a clear visual representation of market trends and potential reversals. By utilizing higher timeframes and smoothing techniques, the indicator aims to filter out market noise and offer a more reliable signal for trading decisions. 🔶 Key Features Heikin Ashi Candles: The indicator uses Heikin Ashi candles, a special type of candlestick that incorporates information from the previous candle to potentially provide smoother visuals and highlight potential trend direction. Oscillator: The indicator calculates an oscillator based on the difference between the smoothed opening and closing prices of a higher timeframe. This oscillator helps visualize the strength of the bias. Light Teal: Strong bullish trend. Dark Teal: Weakening bullish trend. Light Red: Strong bearish trend. Dark Red: Weakening bearish trend. Standard Deviation: The indicator can optionally display upper and lower standard deviation bands based on the Heikin Ashi high and low prices. These bands can help identify potential breakout areas. Oscillator Period: Adjust the sensitivity of the oscillator. Higher Timeframe: Select a timeframe for the Heikin Ashi candles and oscillator calculations (must be equal to or greater than the chart's timeframe). Display Options: Choose whether to display Heikin Ashi candles, market bias fill, standard deviation bands, and HA candle colors based on the bias. Alerts: Enable/disable specific alerts and customize their messages. 🔶 Disclaimer Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals. Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator. Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies. Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses. No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
Pine Script® indicator
by UAlgo
1
Bias AnalyzerName: Bias Analyzer Category: Market Analyzer Timeframe: 1H and 1D, depending on the Analysis type. Technical Analysis: Usually when we think about a Trading System we start from an idea. This idea comes normally from observation and the study of the market. Have we ever observed a market - for example Bitcoin - and thought that it increases at the start of a USA session? Great, this is a well-known category of Trading System and the purpose of the Bias Analyzer is to study these phenomena. There are different types of Trading System that we can classify considering the market in-efficiency that we use to our advantage. In this case we make the Bias. Literally "inclination" or "presupposition" or precisely "tendency" of the price to go up or down in a temporal way. The characteristics of the Bias depend on how much the Bias is persistent on the market since the analysed period. therefore we can consider: Hourly Bias : analysing the hourly behaviours during the week. Trades normally last from a few hours to a few days. Seasonal Bias : analysing the behaviour of the weeks in the monthly or annual context, evaluating the seasons. Suggested usage: The possibilities of the tool are infinite, these are some scenarios of use: Development of Intraday Trading Systems based on Hourly Bias with possible filters for specific days of the week. Development of a Multi-day Trading System based on daily Bias with monthly analysis. To identify the best day to execute our investment through Dollar Cost Average with a bit of healthy buy the dip Main features: Hourly Summary organized in Week The cells contain the sum of the various price deltas for the single hour. The transparency indicates the frequency in which the candles close positive or negative. This information is available both in a synthetic way, as in the first column "Sum", and for each day of the week. Hourly Details organized in different entry/exit Shows the cumulative data of the various deltas, considering the purchase and the sale at certain times. In the rows are represented the buying hours and in the columns the selling hours. Daily Summary organized in Months The cells contain the summation of the various price deltas for the single day. Hourly Details organized in different entry/exit Allows to visualise the detailed analysis table, choosing to do it for all the months or for a specific month and shows the cumulative data of the various deltas, considering the purchase and the sale in certain days. Configuration: You can configure the tool easily and completely. Analysis Calculate from Close to Open : this is the core of the whole analysis where the "Price Delta" to be calculated is defined. At this moment there is the possibility to calculate the distance between opening and closing. Calculate in Percent or Cash : this allows to calculate the Price Delta in Percent or in Cash. Analysis on 1H Timeframe Show Hourly Summary on : allows to visualise the summary analysis table of the week. The cells contain the sum of the various price deltas for the single hour. The transparency indicates the frequency in which the candles close positive or negative. This information is available both in a synthetic way, as in the first column "Sum", and for each day of the week. At the bottom left there is also data which allows us to understand how many candles are being analysed. At the bottom of each day it is possible to visualise the cumulative data of the day. The position of the table is customizable. Show Hourly Details of on : allows to visualise the detailed analysis table, choosing to do it for all days or for a specific day, and shows the cumulative data of the various deltas, considering the purchase and the sale at certain times. In the rows are represented the buying hours and in the columns the selling hours. For example, going to the table "All Days" we can see in the cell of row 13 and in column 22 the cumulative data of a possible buy on 13 and a sell at the end of 22. To facilitate the research of the values there is a configurable transparency system. Analysis on 1D Timeframe Show Daily Summary on : allows to visualise the summary analysis table of the month. The cells contain the summation of the various price deltas for the single day: The first row is the summation of all days of the month for all months in the analysis period, while the other rows represent the analysis for the various days of the individual months. Show Daily Details of on : allows to visualise the detailed analysis table, choosing to do it for all the months or for a specific month and shows the cumulative data of the various deltas, considering the purchase and the sale in certain days. In the rows are represented the buying days and in the columns the selling days. For example, going to the table "All Months" we can see in the cell at row 1 and at column 3 the cumulative of a possible purchase on the 1st and the sale on the 3rd. To facilitate the research of the values, there is a configurable transparency system. Table Layout Size : allows to define the size of the text in the table. Precision : it is possible to define the decimal precision of the calculations presented in the tables. Transparency Factor : allows the application of a multiplication factor when the table calculates the transparency of detail tables. Colours : allows to specify the colours of Profit, Loss and Neutral, besides to adapt a style coherent with the Dark Mode or Light Mode of Trading View Volatility Filter It is possible to directly apply a filter to the time series on which the delta is calculated. The volatility filter uses the ATR - an indicator that allows you to calculate the volatility in a given period. Briefly: the higher the ATR value, the higher the volatility. Therefore the filter works by comparing the volatility on two periods and indicates compression or expansion. Backtest Dates In order to facilitate the identification of in-sample and out-of-sample data, as well as the degradation of a given behaviour, it is possible to specify a period in which to do the analysis.
Pine Script® indicator
by TheSocialCryptoClub
15
Bias TF TableThis indicator is a technical analysis tool designed to evaluate the price trend of an asset across multiple time frames (5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, daily, and weekly). Main Functions: Directional Bias: Displays whether the trend is bullish (Up) or bearish (Down) for each time frame, using the closing price in comparison to a 50-period exponential moving average (EMA). Table Visualization: Presents the results in a table located in the bottom right corner of the chart, making it easy to read and compare trends across different time intervals. This indicator provides a quick and effective way to assess market direction and make informed trading decisions based on the trend in various time frames.
Pine Script® indicator
by Martyn8
3
Custom Timeframe Bias IndicatorMy "Custom Timeframe Bias Indicator" is a very practical and powerful TradingView indicator. It can be called a "God-like indicator" because it combines flexible timeframe customization, clear bias analysis and intuitive visual display to help traders quickly understand the long and short trends of the market. The following is a detailed description of this indicator: 1. Index name and function overview Name: Custom Timeframe Bias Indicator (Short title: Bias Indicator) Functionality: This indicator analyses the market bias (Buy, Sell or No Bias) across multiple custom timeframes (presets are 15m, 1h, 4h and DAI) and displays it in a table below the middle of the chart. It determines the direction of market trends based on the highest and lowest prices of the previous two periods and the closing price of the previous period, helping traders make decisions quickly. 2. Core Features Multiple time frame analysis The indicator allows the user to customize four time frames, with presets being 15 minutes ("15"), 1 hour ("60"), 4 hours ("240") and daily ("D"). Users can freely modify these time frames in the settings, such as changing to 5 minutes, 30 minutes or weekly, etc. Bias is calculated independently for each time frame, ensuring that traders can observe market trends from the short to the long term. Bias calculation logic The indicator uses simple but effective rules to determine bias: Buy (bullish): If the previous closing price is higher than the highest price of the previous two periods, or tests the lowest price of the previous two periods but does not break through. Sell ​​(Bearish): If the previous closing price is lower than the previous two periods' lowest price, or if it tests the previous two periods' highest price but fails to break through (higher than the previous high minus 10% of the price range). No Bias: If the previous closing price does not meet the above conditions, it displays a neutral state. Bias calculation is based only on the opening and closing prices, without considering the shadows, ensuring the results are in line with the philosophy of the Malaysian SNR strategy. Intuitive display Position: The table is permanently displayed in the middle of the chart (position.middle_center) and is updated with each candlestick, ensuring that traders can always see the latest bias. Format: The table consists of the header "Custom Bias" and four rows of bias results (e.g. "15: Buy", "60: Sell", "240: No Bias", "D: Buy"), each row showing the bias for the corresponding time frame. color: Titles appear in white text on a blue background. The "Buy" bias is shown as white text on a green background. The "Sell" bias is shown as white text on a red background. "No Bias" bias appears as white text on a gray background. Table borders are black to provide clear visual distinction. Customizability Users can customize by inputting parameters: Whether to show the table (Show Bias Table). Timeframe (Timeframe 1, Timeframe 2, Timeframe 3, Timeframe 4). The color of the table (title, Buy, Sell, No Bias, borders, etc.). 3. Why is it a "God-like indicator" Flexibility: Allows users to customize four time frames to suit different trading strategies (short-term traders can choose minutes, long-term traders can choose daily, weekly or monthly). Practicality: Provides bias analysis in multiple time frames to help traders quickly determine market trends, whether for short-term or long-term operations. Intuitive: The table is displayed in the middle below the chart with bright colors (green Buy, red Sell, gray No Bias), allowing you to identify the market direction at a glance. Stability: Calculated based on simple price data (high, low, close), no need for complex indicators, efficient and reliable operation. Powerful visualization: long-term display and customizability to meet the visual preferences of different traders. 4. Usage scenarios Short-term trading: Use 15-minute, 1-hour, 4-hour biases to quickly capture short-term trends. Long-term trading: Refer to the daily bias to determine the overall market direction. Comprehensive analysis: Combine biases from multiple time frames to confirm consistency (e.g. if both the 15 minute and daily are Buy, then that’s a stronger bullish signal). 5. Potential Improvements If you want to further improve this "god-like indicator", you can consider the following improvements: Added alert: Trigger when bias changes from "No Bias" to "Buy" or "Sell". Show historical bias: Add bias history of the past few days in the table for easy review. Dynamically adjust bias thresholds: Allow users to customize 10% price ranges or other conditions. Multi-currency support: Expand to multiple trading pairs or indices, showing multiple market biases. 6. Technical Details Version: Pine Script v5, ensuring modern features (such as input.timeframe) and efficient performance. Data Source: Use request.security to get high, low, and close data for different time frames. Display method: Use table.new to create a dynamic table. The position can be customized (such as position.middle_center). Limitations: Calculated only based on price data, no external indicators are required, reducing calculation complexity. in conclusion Your "Custom Timeframe Bias Indicator" is a simple, powerful and flexible tool, especially for traders who need multi-timeframe analysis. Its intuitive display and customizability make it a "magic tool" for judging market trends.
Pine Script® indicator
by kenkwong0628
[blackcat] L3 Bias ScalperLevel: 3 Background Bias alone is a powerful tool for trading. I use SMA3, SMA10, SMA20, SMA30 to cover short and middle term of the trend for scalping. Multiple biases can be introduced for long and short entries. Function Use SMAs and biases for scalping with whale move alert (banker fund flow detection) Key Signal buy --> entry signal for long strongbuy --> entry signal for long add --> buy more or re-entry signal for long reduce --> partial exit for long exit --> complete exit for long sell --> short entry signal whalemove --> banker fund move detection Pros and Cons This script provides entry signal together with whale detection by bias algorithms, you can use whale move to predict next move of trend in large time frame. However, trading signal should be further filtered out for more precise entry signal. Remarks At beginning, I want to make it simple and it looks very complex at the end... Readme In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts. The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works. Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element. Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level. Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated. Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop. Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
Pine Script® indicator
by blackcat1402
26
VIX Filter/RSI/EMA Bias/Cum-TICK w/ Exhaustion Zone DashboardThis all-in-one dashboard gives intraday traders a real-time visual read of market conditions, combining volatility regime, trend bias, momentum exhaustion, and internal strength — all in a fully customizable overlay that won’t clutter your chart. 📉 VIX Market Regime Detector Identifies "Weak", "Normal", "Volatile", or "Danger" market states based on customizable VIX ranges and symbol (e.g., VXN or VIX). 📊 RSI Momentum Readout Displays real-time RSI from any selected timeframe or symbol, with adjustable length, OB/OS thresholds, and color-coded exhaustion alerts. 📈 EMA Trend Bias Scanner Compares fast and slow EMAs to define bullish or bearish bias, using your preferred timeframe, symbol, and EMA lengths — ideal for multi-timeframe setups. 🧠 Cumulative TICK Pressure & Exhaustion Engine Analyzes internal market strength using cumulative TICK data to classify conditions as: -Strong / Mild Bullish or Bearish Pressure -Choppy / No Edge -⚠️ Exhaustion Zones — when raw TICK values hit extreme highs/lows, a separate highlight box appears in the dashboard, warning of potential turning points All logic is customizable, including TICK symbol, timeframes, thresholds, and lookback periods. Scalpers and day traders who want fast, visual insight into market internals, exhaustion, and trend bias.
Pine Script® indicator
by BKNY954RR
TTrades Daily Bias [TFO]Inspired by @TTrades_edu video on daily bias, this indicator aims to develop a higher timeframe bias and collect data on its success rate. While a handful of concepts were introduced in said video, this indicator focuses on one specific method that utilizes previous highs and lows. The following description will outline how the indicator works using the daily timeframe as an example, but the weekly timeframe is also an included option that functions in the exact same manner. On the daily timeframe, there are a handful of possible scenarios that we consider: if price closes above its previous day high (PDH), the following day's bias will target PDH; if price trades above its PDH but closes back below it, the following day's bias will target its previous day low (PDL). Similarly, if price closes below its PDL, the following day's bias will target PDL. If price trades below its PDL but closes back above it, the following day's bias will target PDH. If price trades as an inside bar that doesn't take either PDH or PDL, it will refer to the previous candle for bias. If the previous day closed above its open, it will target PDH and vice versa. If price trades as an outside bar that takes both PDH and PDL, but closes inside that range, no bias is assigned. With a rigid framework in place, we can apply it to the charts and observe the results. As shown above, each new day starts by drawing out the PDH and PDL levels. They start out as blue and turn red once traded through (these are the default colors which can be changed in the indicator's settings). The triangles you see are plotted to indicate the time at which PDH or PDL was traded through. This color scheme is also applied to the table in the top right; once a bias is determined, that cell's color starts out as blue and turns red once the level is traded through. The table indicates the success rate of price hitting the levels provided by each period's bias, followed by the success rate of price closing through said levels after reaching them, as well as the sample size of data collected for each scenario. In the above crude oil futures (CL1!) 30m chart, we can glean a lot of information from the table in the top right. First we may note that the "PDH" cell is red, which indicates that the current day's bias was targeting PDH and it has already traded through that level. We might also note that the "PWH" cell is blue, which indicates that the weekly bias is targeting the previous week high (PWH) but price has yet to reach that level. As an example of how to read the table's data, we can look at the "PDH" row of the crude oil chart above. The sample size here indicates that there were 279 instances where the daily bias was assigned as PDH. From this sample size, 76.7% of instances did go on to trade through PDH, and only 53.7% of those instances actually went on to close through PDH after hitting that level. Of course, greater sample sizes and therefore greater statistical significance may be derived from higher timeframe charts that may go further back in time. The amount of data you can observe may also depend on your TradingView plan. If we don't want to see the labels describing why bias is assigned a certain way, we can simply turn off the "Show Bias Reasoning" option. Additionally, if we want to see a visual of what the daily and weekly bias currently is, we can plot that along the top and bottom of the chart, as shown above. Here I have daily bias plotted at the top and weekly bias at the bottom, where the default colors of green and red indicate that the bias logic is expecting price to draw towards the given timeframe's previous high or low, respectively. For a compact table view that doesn't take up much chart space, simply deselect the "Show Statistics" option. This will only show the color-coded bias column for a quick view of what levels are being anticipated (more user-friendly for mobile and other smaller screens). Alerts can be configured to indicate the bias for a new period, and/or when price hits its previous highs and lows. Simply enable the alerts you want from the indicator's settings and create a new alert with this indicator as the condition. There will be options to use "Any alert() function call" which will alert whatever is selected from the settings, or you can use more specific alerts for bullish/bearish bias, whether price hit PDH/PDL, etc. Lastly, while the goal of this indicator was to evaluate the effectiveness of a very specific bias strategy, please understand that past performance does not guarantee future results.
Pine Script® indicator
by tradeforopp
57
Hourly Bias on BTC in Bullish USA Session “Green Eagle”Name: Hourly Bias on BTC in Bullish USA Session Category: Hourly Bias Operating mode: Spot, only long Trades duration: Intraday, 11 bars Timeframe: 1H Suggested usage: When the market is compressed, USA session has a bullish bias. Entry: enter Long at 15:00 on specific days of the week. There is a volatility filter based on ATR which identifies compression. Exit: exit at a pre-defined time at 01:00 Usage: ⁃ It can be useful to use alerts or webhooks to automate this strategy. ⁃ This is a core system that can be improved in different ways (e.g. Stop-loss, take-profit, position sizing) or studying more the behaviour in the specific days of the week or short when is red. Configuration: - N/A Backtesting ⁃ Exchange: BINANCE ⁃ Pair: BTCUSDT ⁃ Timeframe: 1H ⁃ Fee 0.075% ⁃ Slippage 2 - Start : 2019-01-06 We decided to release this free BTC strategy. How you or we can improve? Source code is open so share your ideas!
Pine Script® strategy
by TheSocialCryptoClub
1
Smart Market Bias [PhenLabs]📊 Smart Market Bias Indicator (SMBI) Version: PineScript™ v6 Description The Smart Market Bias Indicator (SMBI) is an advanced technical analysis tool that combines multiple statistical approaches to determine market direction and strength. It utilizes complexity analysis, information theory (Kullback Leibler divergence), and traditional technical indicators to provide a comprehensive market bias assessment. The indicator features adaptive parameters based on timeframe and trading style, with real-time visualization through a sophisticated dashboard. 🔧 Components Complexity Analysis: Measures price movement patterns and trend strength KL Divergence: Statistical comparison of price distributions Technical Overlays: RSI and Bollinger Bands integration Filter System: Volume and trend validation Visual Dashboard: Dynamic color-coded display of all components Simultaneous current timeframe + higher time frame analysis 🚨Important Explanation Feature🚨 By hovering over each individual cell in this comprehensive dashboard, you will get a thorough and in depth explanation of what each cells is showing you Visualization HTF Visualization 📌 Usage Guidelines Based on your own trading style you should alter the timeframe length that you would like to be analyzing with your dashboard The longer the term of the position you are planning on entering the higher timeframe you should have your dashboard set to Bias Interpretation: Values > 50% indicate bullish bias Values < 50% indicate bearish bias Neutral zone: 45-55% suggests consolidation ✅ Best Practices: Use appropriate timeframe preset for your trading style Monitor all components for convergence/divergence Consider filter strength for signal validation Use color intensity as confidence indicator ⚠️ Limitations Requires sufficient historical data for accurate calculations Higher computational complexity on lower timeframes May lag during extremely volatile conditions Best performance during regular market hours What Makes This Unique Multi-Component Analysis: Combines complexity theory, statistical analysis, and traditional technical indicators Adaptive Parameters: Automatically optimizes settings based on timeframe Triple-Layer Filtering: Uses trend, volume, and minimum strength thresholds Visual Confidence System: Color intensity indicates signal strength Multi-Timeframe Capabilities: Allowing the trader to analyze not only their current time frame but also the higher timeframe bias 🔧 How It Works The indicator processes market data through four main components: Complexity Score (40% weight): Analyzes price returns and pattern complexity Kullback Leibler Divergence (30% weight): Compares current and historical price distributions RSI Analysis (20% weight): Momentum and oversold/overbought conditions Bollinger Band Position (10% weight): Price position relative to volatility Underlying Method Maintains rolling windows of price data for multiple calculations Applies custom normalization using hyperbolic tangent function Weights component scores based on reliability and importance Generates final bias percentage with confidence visualization 💡 Note: For optimal results, use in conjunction with price action analysis and consider multiple timeframe confirmation. The indicator performs best when all components show alignment.
Pine Script® indicator
by PhenLabs
3
RSI Trend Bias█  OVERVIEW The RSI Trend Bias indicator is a custom technical analysis tool that utilizes the Relative Strength Index (RSI) to gauge market momentum and identify potential trend shifts. By monitoring RSI crossovers and crossunders relative to customizable threshold levels, the indicator provides clear visual cues that distinguish between bullish and bearish market conditions. This flexible approach makes it suitable for both short-term scalping and longer-term trend analysis. █  KEY FEATURES Dynamic RSI Trend Detection The indicator dynamically determines market bias by monitoring the RSI for crossovers above the upper threshold and crossunders below the lower threshold. This method ensures that only significant momentum shifts trigger a change in trend, reducing false signals in volatile markets. Adaptive Visualizations The RSI Trend Bias indicator enhances clarity by plotting the RSI with colors that reflect current market conditions. Additionally, it offers an optional background color change to further emphasize bullish or bearish states, providing immediate visual feedback to traders. Clear Threshold Indicators Upper and lower threshold levels are plotted as constant reference lines, clearly delineating overbought and oversold regions. These markers help traders quickly assess market conditions at a glance. Customizable Settings Users have full control over key parameters including the RSI length, threshold levels, and visual settings. This customization allows the indicator to be tailored for different markets and trading styles, ensuring optimal performance across various timeframes. █  UNDERLYING METHODOLOGY & CALCULATIONS RSI Calculation The indicator computes the Relative Strength Index over a user-defined period (default is 14), providing a measure of market momentum that reflects price changes over time. Trend Determination Logic By detecting when the RSI crosses above the upper threshold, the indicator signals a shift towards bullish momentum. Conversely, a crossunder below the lower threshold indicates bearish conditions. This straightforward binary approach filters out minor fluctuations, ensuring clarity in trend analysis. Visual Signal Integration Based on the detected trend, the RSI line is dynamically colored—green for bullish conditions and red for bearish conditions. An optional background color change further reinforces these signals, offering an immediate visual cue of prevailing market sentiment. █  HOW TO USE THE INDICATOR 1 — Apply the Indicator  • Add the RSI Trend Bias indicator to a separate pane in your trading platform. 2 — Adjust Settings for Your Market  • RSI Length – Define the period for RSI calculation (default is 14).  • Threshold Levels – Set the upper (default 70) and lower (default 30) thresholds to identify overbought and oversold conditions.  • Visual Customization – Choose the bullish (green) and bearish (red) colors, and enable background color changes to enhance visual trend recognition. 3 — Interpret the Signals  • RSI Line – Observe the dynamically colored RSI line; a shift to green signals bullish momentum, while red indicates bearish conditions.  • Threshold Levels – Use the constant upper and lower lines as reference points for overbought and oversold states.  • Signal Timing – A crossover above the upper threshold or a crossunder below the lower threshold suggests potential entry or exit points. 4 — Integrate with Your Trading Strategy  • Combine RSI Trend Bias signals with other technical analysis tools to confirm market direction.  • Utilize the visual cues for fine-tuning your entry and exit decisions, ensuring robust risk management and optimized trade timing. █  CONCLUSION The RSI Trend Bias indicator offers a streamlined yet effective approach to monitoring market momentum. By leveraging the established principles of RSI analysis alongside dynamic visual cues, it enables traders to quickly identify bullish and bearish trends. Its customizable features and clear threshold indicators make it a valuable tool for enhancing technical analysis and making informed trading decisions.
Pine Script® indicator
by Botnet101
Tradesharpe Session BiasThis script is designed for traders who want help defining their session bias it is for people who trade in sessions which will most likely be 1 4h candle. The way I trade using Price action to get my daily bias, to either look for sells or buys or both I look at the previous daily candle close and previous 4hr candle close before analyzing the structure on the lower time frames to get my session bias of bullish/bearish. so this indicator compares the daily and 4hr candles to develop a bias for example previous daily bullish + Previous 4hr Bullish = BULLISH BIAS previous daily Bearish + Previous 4hr Bearish = BEARISH BIAS if Daily bullish 4hr bearish = MIXED SESSION if daily bearish 4hr bullish = MIXED SESSION MIXED SESSION = Can argue both buys and sells BEARISH SESSION = Best to look for Sells only based on my trading style BULLISH SESSION = Best to look for Buys only based on my trading style
Pine Script® indicator
by TradeSharpe99
8
[blackcat] L2 Composite SMA and BIAS ScalperLevel: 2 Background A simple moving average (SMA) calculates the average of a selected price range, usually closing prices, based on the number of periods in that range. A simple moving average is a technical indicator that can be used to determine whether an asset price is holding a bull, a bear, or is reversing. The bias shows the moving average rate of deviation. Also known as the rate of deviation, or y-value for short, is an indicator that reflects the degree of deviation between the price and the SMA over a given period by calculating the percentage difference between the market index or the closing price and a moving average to allow for receive that the price reverses or recovers due to a deviation from the moving average trend with strong fluctuations and the price moves within the normal fluctuation range Build credibility to continue the original potential. Function L2 Composite SMA and BIAS Scalper is mainly based on a cluster of simple moving averages and their bias values to produce long and short entry points. Three different strategy to generate long and short entries are demostrated together. That is why this is called "Composite". Key Signal botsig --> indicating bottom zone topsig --> indicating top zone buysigI --> long entry type I buysigII --> long entry type II buysigIII --> long entry type III selsigI --> short entry type I selsigII --> short entry type II selsigIII --> short entry type III Pros and Cons Pros: 1. common sma(), rsi() and bias() are utizlied to generate exact long and short entries 2. alerts for bottom and top zones Cons: 1. SMA parameters may need optimization for specific trading pairs 2. No stop loss or take profit scheme is introduced. Remarks This is promising but need efforts to refine it. Readme In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts. The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works. Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element. Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level. Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated. Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop. Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
Pine Script® indicator
by blackcat1402
Basic BIASBasic BIAS Deviation rate (bias), also known as deviation rate, or y-value for short, is an indicator to reflect the deviation degree between the price and MA in a certain period of time by calculating the percentage difference between the market index or closing price and a moving average, so as to obtain the possibility that the price will reverse or rebound due to deviation from moving average trend in case of severe fluctuation, and that the price will move within the normal fluctuation range Form the credibility of continuing the original potential. The deviation rate is a percentage of the deviation degree (gap rate) between the price and ma. The departure rate curve (bias) is a curve that connects the values of each bias into a line and obtains a wave extension curve with the value of 0 as the horizontal axis.
Pine Script® indicator
by LinxuanAn
1
[LunaOwl] Moving average Bias Ratio作品: 均線乖離率 (Moving average Bias Ratio) The concept of Moving average Bias Ratio is according to the difference between the long/short-term MA changes, determine the direction of buy or sell. Long if the short-term MAs is above the long-term MAs; Conversely, if the short-term MAs is below the long-term MAs, it is not held. 均線乖離率的概念，是根據長短期均線變化之間的乖離來確定多空方向。如果短期高於長期，則買進；相反的～如果短期低於長期，則空手。 Using the deviation rate alone will have the disadvantage of unclear signals, which can only explain the increased chance of market reversal. It needs to cooperate with the rule of thumb and other analytical tools. 單獨使用乖離率會有信號不明確的缺點，只能解釋市場發生反轉的機會增加，需要配合經驗法則和其他分析工具。 --------------------------* Formula - 公式 Avg. BIAS = ( MA(short) - MA(long) ) ÷ MA(long) × 100 % 均線乖離率 ＝（短期平均－長期平均） ÷ 長期平均 × 100 % --------------------------* The greater the distance between the two moving averages, the greater the Bias Ratio.
Pine Script® indicator
by LunaOwl
9
ICT Daily Bias Finder [DTCC]What is This? The ICT Daily Bias Finder uses a method called "DTCC" to identify the London and New York session's bias, bullish or bearish. This indicator should only be relied on for 5 minute, and not other timeframes. How do I use it? Look at the previous days two boxes (labeled DTCC Bear/DTCC Bull), if both are bullish or both are bearish it is NOT recommended to rely on DTCC for that day. If the first one is bullish and second one is bearish, the DTCC for the next day says that London session will turn ABOVE midnight opening price, while New York will turn UNDER midnight opening price (longs in London, shorts in New York). If the second one is bearish and the first is bullish, the DTCC for the next day says that London session will turn UNDER midnight opening price, while New York will turn ABOVE midnight opening price (shorts in London, longs in New York) Emoji guide to DTCC indicator: 🟢🟢: Don't trust DTCC for that day 🔴🔴: Don't trust DTCC for that day 🟢🔴: Longs in London above Midnight Opening Price, Shorts in New York under Midnight Opening Price 🔴🟢: Shorts in London under Midnight Opening Price, Longs in New York under Midnight Opening Price Reminder: NEVER rely solely on DTCC, DTCC can be wrong and is not right 100% of times.
Pine Script® indicator
by J_asper
26
[LanZhu] - Bias With DivergenceDescription Bias is also known as deviation rate which is a technical index derived from the moving average principle. Its function is to measure the deviation degree between the stock price and the moving average line in the process of fluctuation. Usage Generally , Moving averages of period 6,12,24 and 72 are used in the calculation. Of course, it is adjustable and result in different sensitivity of the deviation rate. When the stock price is above the moving average, it is positive. When the stock price is below the moving average, it is negative. When the stock price is consistent with the moving average, it is zero. Example, 1. During weak market, we may take when 6-day deviation rate cross both 5 and -5 level to indicate possible overbought and oversold respectively. Reversal or rebound might happen. 2. During strong market, we may take when 6-day deviation rate cross both 8 and -8 level to indicate possible overbought and oversold respectively. Reversal or rebound might happen. 3. When all the bias lines are moving upward and across 0 line, a strong bullish trend might formed and Vice Versa for strong bearish trend 4. Divergence also added to find possible bull or bear reversal on the default bias period which is configurable.
Pine Script® indicator
by TheBlitzTrading