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

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.

Note di rilascio

Minor Update

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.

GLITCHCAPITAL

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

GLITCHCAPITAL