Daily Bias Indicator

The Daily Bias Indicator is a TradingView script designed to help traders identify bullish and bearish biases based on price action from the last two daily candles. It highlights market sentiment by checking whether price breaks key levels and reacts accordingly.

How It Works:

Bullish Bias:

The price breaks above the previous high and closes above it.
The price breaks below the previous low but fails to close lower.
Bearish Bias:

The price breaks below the previous low and closes below it.
The price breaks above the previous high but fails to close higher.


Labels appear red at the bottom for bearish bias on the next day and green for bullish bias on the next day.