SimpleBias

SimpleBias - Multi-Timeframe Bias Analysis Indicator

Overview

SimpleBias is a comprehensive multi-timeframe bias analysis indicator designed to help traders make informed trading decisions by displaying market bias across multiple timeframes in a clean, organized table format.

Key Features

Multi-Timeframe Analysis

• 8 Timeframes Supported: 1M, 1W, 1D, 4H, 1H, 15m, 5m, 1m
  
• Adaptive Display: Shows only relevant timeframes based on current chart timeframe
  
• Real-time Bias Detection: Compares current open price with previous period's open price
  

Signal Generation

• Day Trading Mode: Ideal for 15-minute timeframe analysis
  
• Scalping Mode: Optimized for 5-minute timeframe trading
  
• Signal OFF: Pure bias analysis without trade signals
  

Customization Options

• Theme Support: Light mode and dark mode with automatic color adaptation
  
• Position Control: Table can be positioned at top-right, middle-right, or bottom-right
  
• Size Options: Tiny, small, or normal text size
  
• Color Customization: Full control over bias colors, signal colors, and interface elements
  
• Transparency: Optional transparent background for cleaner chart appearance
  

How It Works

Bias Calculation
The indicator determines market bias by comparing the current timeframe's open price with the previous period's open price:

• BULLISH: Current open > Previous open
  
• BEARISH: Current open < Previous open
  
• NEUTRAL: Current open = Previous open
  

Adaptive Timeframe Display
The indicator intelligently shows only relevant timeframes based on your current chart:

• On 1M chart: Shows 1M bias only
  
• On 1W chart: Shows 1M, 1W bias
  
• On 1D chart: Shows 1M, 1W, 1D bias
  
• And so on...
  

Signal Logic

• Day Trading: Compares current price with 4H open price
  
• Scalping: Compares current price with 1H open price
  

Usage Instructions

• Add to Chart: Apply the indicator to any timeframe chart
  
• Configure Settings:
  - Choose table position and text size
  - Select signal mode (OFF/Day Trade/Scalping)
  - Customize colors and theme
  
• Interpret Results:
  - Green/Blue text = Bullish bias
  - Red text = Bearish bias
  - Gray text = Neutral bias
  

Customization Guide

Theme Settings

• Light Mode: Traditional white background with dark text
  
• Dark Mode: Dark background with light text, optimized for dark charts
  
• Transparent Background: Clean overlay without background color
  

Color Schemes

• Bias Colors: Separate customization for bullish, bearish, and neutral bias
  
• Signal Colors: Distinct colors for buy, sell, and neutral signals
  
• Interface: Control table background and border colors
  

Best Practices

For Day Trading

• Use 15-minute or 1-hour charts
  
• Enable "Day Trade" signal mode
  
• Focus on 4H and higher timeframe bias alignment
  

For Scalping

• Use 5-minute charts
  
• Enable "Scalping" signal mode
  
• Watch for 1H and 4H bias alignment
  

For Swing Trading

• Use 4H or daily charts
  
• Keep signal mode OFF
  
• Focus on weekly and monthly bias alignment
  

Important Notes

• This indicator is for educational and analysis purposes only
  
• Not financial advice - always do your own research
  
• Past performance does not guarantee future results
  
• Risk management is essential in all trading activities
  

Technical Specifications

• Pine Script Version: v6
  
• Overlay: True (displays on price chart)
  
• Performance: Optimized with cached security requests
  
• Compatibility: Works on all TradingView timeframes and instruments
  

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SimpleBias - Indikator Analisis Bias Multi-Timeframe

Gambaran Umum

SimpleBias adalah indikator analisis bias multi-timeframe yang komprehensif, dirancang untuk membantu trader membuat keputusan trading yang tepat dengan menampilkan bias pasar di berbagai timeframe dalam format tabel yang bersih dan terorganisir.

Fitur Utama

Analisis Multi-Timeframe

• 8 Timeframe Didukung: 1M, 1W, 1D, 4H, 1H, 15m, 5m, 1m
  
• Tampilan Adaptif: Hanya menampilkan timeframe yang relevan berdasarkan timeframe chart saat ini
  
• Deteksi Bias Real-time: Membandingkan harga open saat ini dengan harga open periode sebelumnya
  

Mode Sinyal Trading

• Mode Day Trading: Ideal untuk analisis timeframe 15 menit
  
• Mode Scalping: Dioptimalkan untuk trading timeframe 5 menit
  
• Mode OFF: Analisis bias murni tanpa sinyal trading
  

Opsi Kustomisasi

• Dukungan Theme: Mode terang dan gelap dengan adaptasi warna otomatis
  
• Kontrol Posisi: Tabel dapat diposisikan di kanan-atas, kanan-tengah, atau kanan-bawah
  
• Opsi Ukuran: Ukuran teks kecil, sedang, atau normal
  
• Kustomisasi Warna: Kontrol penuh atas warna bias, warna sinyal, dan elemen interface
  
• Transparansi: Background transparan opsional untuk chart yang lebih bersih
  

Cara Kerja

Perhitungan Bias
Indikator menentukan bias pasar dengan membandingkan harga open timeframe saat ini dengan harga open periode sebelumnya:

• BULLISH: Open saat ini > Open sebelumnya
  
• BEARISH: Open saat ini < Open sebelumnya
  
• NEUTRAL: Open saat ini = Open sebelumnya
  

Petunjuk Penggunaan

• Tambahkan ke Chart: Terapkan indikator ke chart timeframe apapun
  
• Konfigurasi Settings:
  - Pilih posisi tabel dan ukuran teks
  - Pilih mode sinyal (OFF/Day Trade/Scalping)
  - Sesuaikan warna dan theme
  
• Interpretasi Hasil:
  - Teks hijau/biru = Bias bullish
  - Teks merah = Bias bearish
  - Teks abu-abu = Bias neutral
  

Best Practices

Untuk Day Trading

• Gunakan chart 15 menit atau 1 jam
  
• Aktifkan mode sinyal "Day Trade"
  
• Fokus pada alignment bias timeframe 4H ke atas
  

Untuk Scalping

• Gunakan chart 5 menit
  
• Aktifkan mode sinyal "Scalping"
  
• Perhatikan alignment bias 1H dan 4H
  

Catatan Penting

• Indikator ini hanya untuk tujuan edukasi dan analisis
  
• Bukan nasihat keuangan - selalu lakukan riset sendiri
  
• Performa masa lalu tidak menjamin hasil masa depan
  
• Manajemen risiko sangat penting dalam semua aktivitas trading
  

SimpleBias membantu trader mempertahankan kesadaran terhadap bias pasar di berbagai timeframe, mendukung timing dan pengambilan keputusan yang lebih baik dalam strategi trading mereka.