SimpleBias Pro

SimpleBias PRO - Advanced Multi-Timeframe Bias Analysis System

SimpleBias PRO is an advanced multi-timeframe bias analysis system, specifically designed for professional traders who need in-depth analysis and integrated risk management. A major upgrade from the free version, it features 6 separate table systems and sophisticated trading logic.

Key Features

Multi-Table Analysis System

SimpleBias Table - Core bias analysis across 8 timeframes
Logic Table - Advanced trading logic with confluence requirements
EMA Table - Trend analysis with customizable EMA system
Time Table - Session-based timing optimization
Time & Price Table - Combined temporal and price analysis
Risk Management Table - Automated position sizing calculations

Advanced EMA Integration

Multiple source options: Open, Close, High, Low
Dynamic color modes with bullish/bearish visualization
EMA direction analysis (RISE/FALL/NEUTRAL)
Customizable periods (1-9999) with plot capability
Professional line width control (1-5 pixels)

Smart Time-Based Analysis

Optimized trading hours for different timeframes
New York timezone integration for global markets
Time status indicators with visual confirmation
Session-specific filtering for 15m, 5m, 1m strategies

Enhanced Trading Logic

Multi-timeframe confluence requirements
Mid-timeframe bias analysis
EMA direction confirmation system
Time-based entry filtering
Separate conditions for scalping (1m), day trading (5m), and swing (15m)

Professional Risk Management

Balance input with validation ($100 - $10,000,000)
Risk percentage control (0.1% - 10.0%)
Stop loss configuration in pips (5-5000)
Automatic position sizing calculations
Real-time risk assessment display

How It Works

Bias Calculation

The indicator determines market bias by comparing the current timeframe's open price with the previous period's open price:

BULLISH: Current open > Previous open
BEARISH: Current open < Previous open
NEUTRAL: Current open = Previous open

Multi-Timeframe Confluence The system requires alignment across multiple timeframes before generating signals:

15-Minute Strategy:

4h, 1h, 15m bias alignment
1H mid-timeframe confirmation
EMA direction confirmation
Optimal time session validation

5-Minute Strategy:

1h, 15m, 5m bias alignment
15M mid-timeframe confirmation
EMA trend validation
Session timing optimization

1-Minute Strategy:

15m, 5m, 1m bias alignment
5M mid-timeframe confirmation
EMA direction sync
Precise timing windows

Risk Management Integration Automatic position sizing based on:

Account balance
Risk percentage
Stop loss distance
Current market conditions

Advanced Customization

Theme & Display Options

Light/Dark mode with automatic color adaptation
Transparent background options
Individual table toggle controls
Position control (Top/Middle/Bottom Right)
Text size optimization (Tiny/Small/Normal)

Professional Color Schemes

Separate bias color customization
Dynamic EMA coloring
Signal color differentiation
Theme-adaptive interface elements

Best Practices

For Professional Day Trading

Use 15-minute charts with 15M strategy
Focus on 4H and 1H bias alignment
Enable EMA confirmation
Trade during optimal NY sessions
Apply 0.25-0.5% risk per trade

For Advanced Scalping

Use 5-minute charts with 5M strategy
Require 1H and 15M bias confluence
Monitor EMA direction changes
Focus on high-probability time windows
Use tight risk management (0.1-0.25%)

For Swing Trading

Use 15-minute+ charts
Focus on higher timeframe bias alignment
Allow wider stop losses
Use longer EMA periods
Apply conservative risk (0.5-1%)

Technical Specifications

Pine Script Version: v6
Performance: Multi-table system with efficient rendering
Compatibility: All TradingView timeframes and instruments
Updates: Real-time bias detection and signal generation

Important Disclaimers
This indicator is for educational and analysis purposes only. Not financial advice - always conduct your own research and risk assessment. Past performance does not guarantee future results. Proper risk management is essential for all trading activities.