BIAS Indicator

The BIAS indicator automatically looks on a higher timeframe and measures 3 EMAs and their relationship to each other.  This then gives a trader an indication of the following states on a higher timeframe:

1. Bullish BIAS
2. Neutral BIAS
3. Bearish BIAS 

The 3 EMA’s used are called, Leading, Main and Lagging EMAs.  It is their relationship on a higher timeframe that gives us a BIAS to help us out in the current timeframe we are trading.  This BIAS indicator is a subchart and keeps the rest of the chart clean for your main trading strategies. Also if the BIAS changes to Yellow whilst we are in a trade, this would be a good sign to tighten stops.

Please view the chart images on the left to help visualize how simple it is to use the BIAS indicator to confirm the bias of direction on higher time frames.

Instruments:

1. Stocks
2. Forex 
3. Futures 
4. Commodities  
5. CryptoCurrencies

What do you get

The BIAS Indicator For TradingView

As traders, we always try to never trade against the overall market’s trend. In fact, going against the market’s trend can result in considerable losses in most cases. Unfortunately, when trading using lower timeframes, most of us forget to focus on the BIAS of the higher timeframes.

Remember, the trend on lower timeframes can change a bit and trick you into exiting a winning position. But with the BIAS Indicator For TradingView, you’ll always know the BIAS of the higher timeframe trade. Therefore, you won’t make wrong trades or exit winning trades early.

What Is The BIAS Indicator For TradingView?

The BIAS Indicator For TradingView is an exceptional trading indicator that shows traders the market’s state on a higher timeframe.

This tool shows you when the higher timeframe is:

1. Bearish BIAS
2. Neutral BIAS
3. Bullish BIAS

Basically, it measures 3 EMAs and uses their relationship to determine the market’s BIAS. The relationship between the lagging, leading, and main EMAs helps us trade using our current timeframe chart.

It serves as a subchart situated on the lower part of your chart. The BIAS Indicator For TradingView functions perfectly while not cluttering all our charts while trading.

On top of that, it can help you trade the following instruments:

1. Stocks
2. Crypto coins
3. Forex
4. Futures
5. Commodities

How Does The BIAS Indicator For TradingView Work?

As aforementioned, this indicator denotes the BIAS of the higher timeframes and helps you trade in your current timeframe. To help you understand the market’s BIAS with ease, the different BIAS’s are denoted using different colors.

When the market is a bearish BIAS, the indicator turns red, which means that you should make bearish trades. If it’s a neutral BIAS, then the indicator will turn yellow, which means that you should not make any trade.

When the market turns neutral, it means that you should exit your trade or not open new ones. If the market’s sentiment on a higher timeframe is bullish BIAS, the indicator will turn green. Therefore, you should only make bullish trades in such a market.

So, how will this indicator help you trade? Well. If you open a trade in a bearish BIAS, then you can ride the swing. Don’t exit the trade until the indicator shows you that the market’s sentiment has changed.

If the reddish dots turn yellow while your position is opened, then you should tighten your trailing stops. Tightening your stop loss will ensure that you safeguard your profits. And can continue riding the swing if it continues dropping and turns red again.