BIAS Indicator For the trade station platform
The BIAS indicator For the trade station Platform
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:
- Bullish BIAS
- Neutral BIAS
- 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.
What do you get
BIAS Indicator for the Trade Station Platform
Discover the impact of market sentiments on various instruments using the BIAS Indicator for the Trade Station Platform. It analyzes price data on a higher timeframe, showing you trends that require your attention.
You need such accurate data when making trade decisions, such as entry and exit positions. Market trends go unnoticed without technical and fundamental analysis, and you risk getting caught in a market change. Therefore, you want to keep up with the trend direction over time.
Since this BIAS indicator is a sub-chart, it doesn’t fill your chart, allowing you to observe your main strategies better.
BIAS Indicator for the Trade Station Platform Features
This indicator is suitable for anyone, whether a seasoned or new trader, as it keeps you updated on price trends in a higher timeframe. It eliminates price fluctuations to show you data necessary when making a trade decision by focusing on the exponential moving averages (EMAs).
As such, it measures the Leading, Main, and Lagging averages, some of the most crucial trend directions for any trader. Further, it shows how they relate to a higher timeframe.
Having these three EMAs improves your trade decisions. For instance, the lagging EMA relies on historical price data of the instrument you’re trading. It analyzes the conditions responsible for the current price trend. As such, it eliminates the manual analysis required to know where the price trend began and the market sentiments at the time. You’d waste a lot of time doing that when trading different instruments.
Next, you have the leading EMA to project the potential trend direction. Consequently, you know the effect of your trade decisions on the current timeframe and make any adjustments necessary to cushion your investment.
How the BIAS Indicator for the Trade Station Platform Works
It provides data to make the trades on your current timeframe successful. This indicator doesn’t clutter your main chart and appears as an additional sub-chart with various colors denoting the BIAS data.
For example, when this indicator identifies a bearish BIAS in the price trends, it highlights such market data in red. On the other hand, it uses yellow for neutral BIAS and green when you should only trade bullish signals.
Hence, if the indicator turns yellow, you can implement drastic measures on your main trading strategies in the current timeframe, such as tightening your stops.
This indicator works for instruments like stocks, forex, crypto, futures, and commodities.
Specification: BIAS Indicator For the trade station platform