SimpleBias Pro

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.