OPEN-SOURCE SCRIPT
Daily Bias - ICT Logic [LliterH]
█ OVERVIEW
The Daily Bias ICT Next Day Model LliterH is a specialized institutional tool designed to automate the "Next Day Model" of price action narrative. By analyzing the relationship between the daily close and Previous Day liquidity levels (PDH/PDL), this indicator projects a high-probability directional bias for the upcoming session.
█ THE LOGIC: 4 MARKET SCENARIOS
This script identifies the exact closing conditions of the daily candle to define the following states:
█ TIMEFRAME ALIGNMENT (HOW TO USE)
For high-probability results, Lliter H recommends a strict top-down "Timeframe Alignment" approach:
Daily Chart (The Narrative): Identify the projected Daily Bias. This is your directional "North Star."
1-Hour Chart (The POI): Locate a clear Point of Interest (POI), such as a Fair Value Gap (FVG) or Order Block, that aligns with your bias.
15m or 5m Chart (The Execution): Once price reaches the 1H POI, zoom into the 15-minute or 5-minute charts to find a market structure shift or entry trigger.
█ THE CREATOR'S EDGE: FILTERS
█ FEATURES
█ COMPLIANCE & RECOMMENDATION
This script follows all TradingView professional publication requirements. It is a tool for directional projection, not a standalone signal generator. Professional results require the application of the Timeframe Alignment strategy mentioned above.
█ DISCLAIMER
Past performance is not indicative of future results. Trading involves a significant risk of loss. The "Next Day Model" is a probabilistic projection of market behavior. This script is provided for educational and technical analysis purposes only. Perform your own due diligence before any live execution.
The Daily Bias ICT Next Day Model LliterH is a specialized institutional tool designed to automate the "Next Day Model" of price action narrative. By analyzing the relationship between the daily close and Previous Day liquidity levels (PDH/PDL), this indicator projects a high-probability directional bias for the upcoming session.
█ THE LOGIC: 4 MARKET SCENARIOS
This script identifies the exact closing conditions of the daily candle to define the following states:
- Bullish Continuation: Triggered when the daily candle closes above the Previous Day High (PDH).
- Bearish Continuation: Triggered when the daily candle closes below the Previous Day Low (PDL).
- Bullish Reversal: Occurs when price sweeps the PDL but fails to close below it, closing back inside the range.
- Bearish Reversal: Occurs when price sweeps the PDH but fails to close above it, closing back inside the range.
- Consolidation: Identified when price remains trapped within the previous range without expansion or a sweep, resulting in a Neutral bias.
█ TIMEFRAME ALIGNMENT (HOW TO USE)
For high-probability results, Lliter H recommends a strict top-down "Timeframe Alignment" approach:
Daily Chart (The Narrative): Identify the projected Daily Bias. This is your directional "North Star."
1-Hour Chart (The POI): Locate a clear Point of Interest (POI), such as a Fair Value Gap (FVG) or Order Block, that aligns with your bias.
15m or 5m Chart (The Execution): Once price reaches the 1H POI, zoom into the 15-minute or 5-minute charts to find a market structure shift or entry trigger.
█ THE CREATOR'S EDGE: FILTERS
- POI Confluence: Reversal signals are significantly more valid when they occur within a higher-timeframe POI.
[*]Candle Formation (OHLC/OLHC): - Bullish Bias: Watch for the OLHC model (Open, Low-sweep, expansion High, Close).
- Bearish Bias: Watch for the OHLC model (Open, High-sweep, expansion Low, Close).
- Consolidation Avoidance: Staying sidelined during Neutral bias periods is a hallmark of professional risk management.
█ FEATURES
- Automated PDH/PDL Mapping: High-definition tracking of institutional liquidity levels.
- Bias Dashboard: Real-time UI indicating the current session narrative.
- Historical Backtesting Labels: Automatically plots historical bias labels on the daily chart for deep statistical study.
- Non-Repainting Logic: Uses optimized to ensure data remains fixed once the daily candle is closed.
Pine Script®
█ COMPLIANCE & RECOMMENDATION
This script follows all TradingView professional publication requirements. It is a tool for directional projection, not a standalone signal generator. Professional results require the application of the Timeframe Alignment strategy mentioned above.
█ DISCLAIMER
Past performance is not indicative of future results. Trading involves a significant risk of loss. The "Next Day Model" is a probabilistic projection of market behavior. This script is provided for educational and technical analysis purposes only. Perform your own due diligence before any live execution.
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.