Bias Dashboard (Weighted Open/Close)

This indicator visualizes market bias based on the relationship between the current price, the current Open, and the previous Close across multiple timeframes (Monthly, Weekly, Daily, 4H, 1H, 15min).

A weighted logic is applied: 65% weight to the previous Close, and 35% to the current Open — reflecting how institutional traders often give more weight to the closing price.

A Global Bias is also calculated, averaging the individual timeframes into one overall market sentiment.