SimpleBias Pro

4 Tem

SimpleBias PRO - Advanced Multi-Timeframe Bias Analysis System

SimpleBias PRO is an advanced multi-timeframe bias analysis system, specifically designed for professional traders who need in-depth analysis and integrated risk management. A major upgrade from the free version, it features 6 separate table systems and sophisticated trading logic.

Key Features

Multi-Table Analysis System

• SimpleBias Table - Core bias analysis across 8 timeframes
  
• Logic Table - Advanced trading logic with confluence requirements
  
• EMA Table - Trend analysis with customizable EMA system
  
• Time Table - Session-based timing optimization
  
• Time & Price Table - Combined temporal and price analysis
  
• Risk Management Table - Automated position sizing calculations
  

Advanced EMA Integration

• Multiple source options: Open, Close, High, Low
  
• Dynamic color modes with bullish/bearish visualization
  
• EMA direction analysis (RISE/FALL/NEUTRAL)
  
• Customizable periods (1-9999) with plot capability
  
• Professional line width control (1-5 pixels)
  

Smart Time-Based Analysis

• Optimized trading hours for different timeframes
  
• New York timezone integration for global markets
  
• Time status indicators with visual confirmation
  
• Session-specific filtering for 15m, 5m, 1m strategies
  

Enhanced Trading Logic

• Multi-timeframe confluence requirements
  
• Mid-timeframe bias analysis
  
• EMA direction confirmation system
  
• Time-based entry filtering
  
• Separate conditions for scalping (1m), day trading (5m), and swing (15m)
  

Professional Risk Management

• Balance input with validation ($100 - $10,000,000)
  
• Risk percentage control (0.1% - 10.0%)
  
• Stop loss configuration in pips (5-5000)
  
• Automatic position sizing calculations
  
• Real-time risk assessment display
  

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
  

Multi-Timeframe Confluence The system requires alignment across multiple timeframes before generating signals:

15-Minute Strategy:

• 4h, 1h, 15m bias alignment
  
• 1H mid-timeframe confirmation
  
• EMA direction confirmation
  
• Optimal time session validation
  

5-Minute Strategy:

• 1h, 15m, 5m bias alignment
  
• 15M mid-timeframe confirmation
  
• EMA trend validation
  
• Session timing optimization
  

1-Minute Strategy:

• 15m, 5m, 1m bias alignment
  
• 5M mid-timeframe confirmation
  
• EMA direction sync
  
• Precise timing windows
  

Risk Management Integration Automatic position sizing based on:

• Account balance
  
• Risk percentage
  
• Stop loss distance
  
• Current market conditions
  

Advanced Customization

Theme & Display Options

• Light/Dark mode with automatic color adaptation
  
• Transparent background options
  
• Individual table toggle controls
  
• Position control (Top/Middle/Bottom Right)
  
• Text size optimization (Tiny/Small/Normal)
  

Professional Color Schemes

• Separate bias color customization
  
• Dynamic EMA coloring
  
• Signal color differentiation
  
• Theme-adaptive interface elements
  

Best Practices

For Professional Day Trading

• Use 15-minute charts with 15M strategy
  
• Focus on 4H and 1H bias alignment
  
• Enable EMA confirmation
  
• Trade during optimal NY sessions
  
• Apply 0.25-0.5% risk per trade
  

For Advanced Scalping

• Use 5-minute charts with 5M strategy
  
• Require 1H and 15M bias confluence
  
• Monitor EMA direction changes
  
• Focus on high-probability time windows
  
• Use tight risk management (0.1-0.25%)
  

For Swing Trading

• Use 15-minute+ charts
  
• Focus on higher timeframe bias alignment
  
• Allow wider stop losses
  
• Use longer EMA periods
  
• Apply conservative risk (0.5-1%)
  

Technical Specifications

• Pine Script Version: v6
  
• Performance: Multi-table system with efficient rendering
  
• Compatibility: All TradingView timeframes and instruments
  
• Updates: Real-time bias detection and signal generation
  

Important Disclaimers
This indicator is for educational and analysis purposes only. Not financial advice - always conduct your own research and risk assessment. Past performance does not guarantee future results. Proper risk management is essential for all trading activities.

6 Tem

Sürüm Notları

Enhanced Bias Analysis System

New Bias Detection Methods

Bullish Confirmation Analysis

• Analyzes when both the previous session's high and low are lower than two sessions ago
  
• This pattern indicates a pullback or retracement that may signal bullish continuation
  
• Helps confirm bullish bias when price temporarily moves lower before resuming upward trend
  

Bearish Confirmation Analysis

• Identifies when both the previous session's high and low are higher than two sessions ago
  
• This pattern shows an upward retracement that may signal bearish continuation
  
• Helps confirm bearish bias when price temporarily moves higher before resuming downward trend
  

Midpoint-Based Bias Analysis

• Compares current opening price with the previous session's midpoint (average of high and low)
  
• Provides alternative perspective on market sentiment based on range center positioning
  
• Offers different bias view compared to traditional open-to-open comparison
  

Midpoint Momentum Confirmation

• Tracks whether the previous session's midpoint is higher or lower than two sessions ago
  
• Bullish when midpoint is progressing upward over time
  
• Bearish when midpoint is declining over time
  
• Helps confirm overall price momentum direction
  

Range Compression Detection

• Identifies when previous session's high is lower AND low is higher than two sessions ago
  
• This creates a narrowing range pattern indicating potential consolidation
  
• Helps traders recognize when market is building energy for next directional move
  

Range Containment Analysis

• Detects when previous session's opening and closing prices both fall within the range of two sessions ago
  
• Indicates price action is being contained within previous boundaries
  
• Signals potential range-bound market conditions
  

Enhanced Multi-Timeframe Integration

Advanced Lower Timeframe Analysis

• Combines multiple bias calculation methods for 1-minute, 5-minute, and 15-minute charts
  
• Uses confirmation techniques to validate primary bias signals across different timeframes
  
• Consolidation detection helps identify when to avoid trend-following strategies
  
• Cross-timeframe alignment improves overall signal reliability and reduces false signals
  

Practical Trading Applications

• Primary bias provides initial market direction assessment
  
• Confirmation methods validate signal strength and reliability
  
• Midpoint analysis offers alternative market sentiment perspective
  
• Consolidation detection prevents trading during range-bound conditions
  
• Multi-timeframe integration ensures consistency across different time horizons
  

This comprehensive update transforms basic bias calculation into a sophisticated market sentiment analysis system that considers multiple price relationships and timeframe dynamics for more accurate trading decisions.

8 Tem

Sürüm Notları

Signal Logic Optimization Update

• Refined entry conditions for intraday trading and scalping
  
• Enhanced performance on 15m, 5m, 1m charts
  

9 Tem

Sürüm Notları

Flexible Risk Management System

• Added dual risk calculation options: Percentage mode and Dollar amount mode
  
• Users can now choose between traditional percentage-based risk (0.1% - 10.0%) or direct dollar amount input
  

Optimized Entry Logic System

• Refined signal generation
  
• Enhanced filtering system
  

9 Tem

Sürüm Notları

Multi-Timeframe Signal Enhancement

• Added automatic Higher Time Frame reference system
  
• Signals now require price confirmation above/below HTF open levels
  
• Reduced false signals through enhanced timeframe correlation
  

11 Tem

Sürüm Notları

Fix the lot size calculation and Stop Loss in Gold

11 Tem

Sürüm Notları

Fixed repaint issue on 15m and 5m timeframes.

14 Tem

Sürüm Notları

SuperTrend Integration & Signal Logic Update

• Integrated SuperTrend as new trend filter
  
• Removed legacy EMA-based filter
  
• Fused SuperTrend with SimpleBias Pro logic for stronger confluence
  
• Improved signal accuracy and trend alignment on 15m, 5m, and 1m timeframes