OPEN-SOURCE SCRIPT
已更新 Market Bias Monitor
Market Bias Monitor (MTF EMA Consensus Bias)
The Market Bias Monitor is a multi-timeframe EMA-based bias indicator that helps traders quickly assess whether market structure is aligned bullish, bearish, or mixed across multiple timeframes.
It uses an EMA structure of 8 / 21 / 50 across 10 timeframes, then aggregates those results into a single consensus bias signal. This helps reduce subjective chart reading and supports a more systematic top-down workflow.
How It Works
For each monitored timeframe, the script checks whether price and EMAs are aligned in a bullish or bearish structure.
Bullish condition
Bearish condition
If neither condition is fully met, that timeframe is treated as neutral.
The script then counts how many timeframes are bullish vs bearish. When the number of aligned timeframes reaches the user-defined minimum threshold (default: 5), it displays an overall bias using a background highlight.
Monitored Timeframes
Key Features
Typical Use Cases
Inputs
Notes
This indicator is designed as a bias and confirmation tool, not a standalone trading system. It works best when combined with price action, market structure, volume, and risk management.
Disclaimer
This script is for educational and analytical purposes only. It does not provide financial advice. Always use proper risk management.
The Market Bias Monitor is a multi-timeframe EMA-based bias indicator that helps traders quickly assess whether market structure is aligned bullish, bearish, or mixed across multiple timeframes.
It uses an EMA structure of 8 / 21 / 50 across 10 timeframes, then aggregates those results into a single consensus bias signal. This helps reduce subjective chart reading and supports a more systematic top-down workflow.
How It Works
For each monitored timeframe, the script checks whether price and EMAs are aligned in a bullish or bearish structure.
Bullish condition
- Price is above EMA 21
- EMA 8 > EMA 21
- EMA 21 > EMA 50
Bearish condition
- Price is below EMA 21
- EMA 8 < EMA 21
- EMA 21 < EMA 50
If neither condition is fully met, that timeframe is treated as neutral.
The script then counts how many timeframes are bullish vs bearish. When the number of aligned timeframes reaches the user-defined minimum threshold (default: 5), it displays an overall bias using a background highlight.
- Bullish consensus -> Green background
- Bearish consensus -> Red background
Monitored Timeframes
- 1W
- 1D
- 8H
- 6H
- 4H
- 3H
- 2H
- 1H
- 30M
- 15M
Key Features
- Multi-timeframe bias engine (10 timeframes)
- EMA consensus logic using 8 / 21 / 50
- User-defined consensus threshold
- Background bias highlight
- Optional EMA overlay
- Custom EMA colors and widths
- Contrarian mode (reversed bias coloring)
- Per-timeframe status table
- Table/text color customization
Typical Use Cases
- Directional filter (prefer longs in bullish consensus, shorts in bearish consensus)
- MTF confirmation for lower-timeframe setups
- Trend strength assessment based on timeframe agreement
- Bias shift monitoring via consensus/table changes
Inputs
- Minimum Timeframes for Consensus (default: `5`)
- Show EMAs (toggle)
- EMA Colors
- EMA Widths
- Contrarian Mode
- Table / Text color customization
Notes
This indicator is designed as a bias and confirmation tool, not a standalone trading system. It works best when combined with price action, market structure, volume, and risk management.
Disclaimer
This script is for educational and analytical purposes only. It does not provide financial advice. Always use proper risk management.
版本注释
Minor Update开源脚本
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。