OPEN-SOURCE SCRIPT
Daily XAU/USD Bias Indicator Fran_Pineda
This indicator visualizes the daily directional bias for XAU/USD,
generated each morning from a multi-factor analysis engine covering
macro context, technical structure, liquidity zones, and market sentiment.
All values are manually updated each day via the input panel — no
automatic data feed required.
What it draws on the chart:
- Key price levels (support, resistance, liquidity zones) as dashed
yellow lines with labeled descriptions and exact prices
- Invalidation level as a solid orange line — the price at which the
daily bias is considered void
- Bias panel (top right corner) showing directional bias (LONG / SHORT /
NEUTRAL), long/short probability percentages, and confidence level
Color coding:
- Green → LONG bias
- Red → SHORT bias
- Gray → NEUTRAL / no clear direction
Designed for daily use on H4 and Daily timeframes.
By Fran Pineda — El Monje de los Mercados
generated each morning from a multi-factor analysis engine covering
macro context, technical structure, liquidity zones, and market sentiment.
All values are manually updated each day via the input panel — no
automatic data feed required.
What it draws on the chart:
- Key price levels (support, resistance, liquidity zones) as dashed
yellow lines with labeled descriptions and exact prices
- Invalidation level as a solid orange line — the price at which the
daily bias is considered void
- Bias panel (top right corner) showing directional bias (LONG / SHORT /
NEUTRAL), long/short probability percentages, and confidence level
Color coding:
- Green → LONG bias
- Red → SHORT bias
- Gray → NEUTRAL / no clear direction
Designed for daily use on H4 and Daily timeframes.
By Fran Pineda — El Monje de los Mercados
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.