OPEN-SOURCE SCRIPT
Trend Bias Table
Trend Bias Table — Indicator Description
Type: Overlay indicator (displays directly on the price chart, top-right corner)
What It Does
Trend Bias Table shows a multi-timeframe directional bias panel — Day, 4 Hour, 1 Hour, and 15 Minute — without using any moving averages. Each timeframe is scored independently as Bullish, Bearish, or Neutral based on pure price action.
How the Bias Is Calculated
For each timeframe, three independent factors are scored:
Market Structure — Detects swing pivot highs/lows (via ta.pivothigh / ta.pivotlow) and compares the two most recent pivots:
Higher High + Higher Low → bullish structure
Lower High + Lower Low → bearish structure
Momentum — A Rate of Change (ROC) calculation measures whether price has moved up or down over a smoothing period, with no lag-inducing moving average involved.
Price vs. Open — Checks whether the current close is trading above or below that timeframe's opening price.
Each factor contributes one point to either a bullish or bearish score. Whichever score is higher determines that timeframe's bias; a tie results in Neutral.
What's Displayed
A clean 2-column, 5-row table pinned to the top-right of the chart:
TIMEFRAME BIAS
Day ▲ BULL / ▼ BEAR / ● NEUT
4 Hour ▲ BULL / ▼ BEAR / ● NEUT
1 Hour ▲ BULL / ▼ BEAR / ● NEUT
15 Min ▲ BULL / ▼ BEAR / ● NEUT
Teal = Bullish
Red = Bearish
Grey = Neutral
Inputs
Swing Pivot Length (default 5) — sensitivity of pivot detection for structure analysis
ROC Smoothing (default 3) — lookback period for the momentum calculation
Use Case
Gives traders a fast, at-a-glance read on trend alignment across timeframes — useful for confirming whether a lower-timeframe setup agrees with the higher-timeframe trend, without cluttering the chart with moving average lines.
Type: Overlay indicator (displays directly on the price chart, top-right corner)
What It Does
Trend Bias Table shows a multi-timeframe directional bias panel — Day, 4 Hour, 1 Hour, and 15 Minute — without using any moving averages. Each timeframe is scored independently as Bullish, Bearish, or Neutral based on pure price action.
How the Bias Is Calculated
For each timeframe, three independent factors are scored:
Market Structure — Detects swing pivot highs/lows (via ta.pivothigh / ta.pivotlow) and compares the two most recent pivots:
Higher High + Higher Low → bullish structure
Lower High + Lower Low → bearish structure
Momentum — A Rate of Change (ROC) calculation measures whether price has moved up or down over a smoothing period, with no lag-inducing moving average involved.
Price vs. Open — Checks whether the current close is trading above or below that timeframe's opening price.
Each factor contributes one point to either a bullish or bearish score. Whichever score is higher determines that timeframe's bias; a tie results in Neutral.
What's Displayed
A clean 2-column, 5-row table pinned to the top-right of the chart:
TIMEFRAME BIAS
Day ▲ BULL / ▼ BEAR / ● NEUT
4 Hour ▲ BULL / ▼ BEAR / ● NEUT
1 Hour ▲ BULL / ▼ BEAR / ● NEUT
15 Min ▲ BULL / ▼ BEAR / ● NEUT
Teal = Bullish
Red = Bearish
Grey = Neutral
Inputs
Swing Pivot Length (default 5) — sensitivity of pivot detection for structure analysis
ROC Smoothing (default 3) — lookback period for the momentum calculation
Use Case
Gives traders a fast, at-a-glance read on trend alignment across timeframes — useful for confirming whether a lower-timeframe setup agrees with the higher-timeframe trend, without cluttering the chart with moving average lines.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.