BIAS Indicator For Thinkorswim - Global Trading Software

BIAS Indicator For Thinkorswim

The BIAS indicator For The Thinkorswim Platform

 

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$99.00

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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

BIAS Indicator For Thinkorswim

Is the market bullish, neutral, or bearish right now? Or, which direction is it heading in the future? Knowing this information helps traders figure out their next moves. But how do you figure this out?

Enter the BIAS Indicator for Thinkorswim. It automatically looks at a longer 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

Leading, Main, and Lagging EMAs

The 3 EMas used are called, Leading, Main, and Lagging EMAs. It is their relationship on a higher timeframe that gives you a BIAS to help you out in the current timeframe you are trading. This BIAS indicator is a subchart and keeps the rest of the chart clean for your main trading strategies.

Use the BIAS indicator to confirm the bias of direction on higher time frames. If the BIAS changes to Yellow whilst we are in a trade, this would be a good sign to tighten stops.

Instruments

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

Bullish, Neutral, and Bearish BIAS

The BIAS Indicator can do a lot for you. But, the ultimate goal is to give you a contextualized understanding of the current market sentiment. Through the BIAS indicator, traders identify three states of the marker over a longer timeframe. We discuss these below:

Bullish BIAS

A general upward trajectory signifies a bullish bias. The BIAS Indicator for Thinkorswin, thus, suggests that there’s positive market sentiment. And so, prices are likely to have an upward trajectory in the near future.

Neutral BIAS

When the market lacks a strong directional bias, you’ll get a neutral signal from the BIAS Indicator. This means both buyers and sellers are in a state of equilibrium, often observed during periods of consolidation.

Bearish BIAS

Then, of course, when there’s a downward trajectory in prices and trading volumes, it indicates negative momentum in the form of a bearish bias. Traders are being cautious and the market sentiment should be closely monitored to avoid losses.

Incorporate the BIAS Indicator into your trading toolkit

This indicator provides more than enough to help you get started with the right trading decisions. With it, you get:

  1. Informed decision-making on when to enter or exit a trade.
  2. Confirmation of the market’s BIAS before you make a trading decision.
  3. Risk management to avoid losses if markets don’t go your way.

Specification: BIAS Indicator For Thinkorswim

Platform

"Thinkorswim"

Indicator

"The BIAS indicator For The Thinkorswim"

License

Lifetime

BIAS Indicator For Thinkorswim
BIAS Indicator For Thinkorswim

$99.00

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