Add the free Daily Bias indicator, read its label, and set an alert for when the bias changes.
You need
- a TradingView account. The free plan works. No username at checkout is needed.
Steps
Open its TradingView page
On the Daily Bias Free product page, click Add it on TradingView. It opens the script's public page, Orion Daily Bias v1.
Add it on TradingView
Claim it free
Add it to favourites or to a chart
On the script page, add it to your favourites, or open it on a chart. You can also search "Orion Daily Bias v1" in the Indicators window.
Read the label
A table shows Daily Bias: Bullish in green or Daily Bias: Bearish in red. It works on any timeframe. The bias comes from the daily chart.
Turn on candle colouring if you want it
Daily candles can be coloured by the bias. It is a switch in Inputs.
Set an alert
Create an alert with the indicator as the condition. It only fires when the bias changes, at the daily close.
What you see on the chart
| Mark | What it means |
|---|---|
| Daily Bias: Bullish (green) | The script's lean for the day is up |
| Daily Bias: Bearish (red) | The script's lean for the day is down |
| Coloured daily candles | Green or red by the confirmed bias, if switched on |
| Highlight box on the daily chart | The price gap in a three candle sequence that set the current bias |
The bias is fixed at the daily close and does not repaint.
Settings
| Setting | Options | Default | When to change it |
|---|---|---|---|
| Size | Small, Medium, Large | Medium | Small for phones or split layouts |
Timeframes
The product page says the daily bias applies to all intraday timeframes, such as 1 hour and 15 minute.
Claim it free (the other way)
The product page also has Claim it free, which goes through checkout. Both routes give you the same script.
If something goes wrong
Not under Invite only scripts
WhyIt is public, not invite only
FixLook under Favorites, or search its name
The label did not change today
WhyThe bias only changes at the daily close
FixCheck after the close
No alert came
WhyIt alerts only on a change, not every day
FixExpected. Check the alert preference setting
Table covers price
WhyDefault position
FixMove it with the alignment settings
Questions
Is it really free?
Yes.
Does it repaint?
No. It locks at the daily close.
What does Daily Bias Pro add?
COT alignment, a 4 hour, 1 hour and 15 minute read, a 0 to 6 Power score and gap detection. See Set up Daily Bias Pro on TradingView.