Indicator · Pine Script v5 · On the chart

Simplified Next Day Bias Model

by dbruce1990

This overlay indicator assigns a next-candle bias from the prior candle: previous-candle high, previous-candle low, an inside-bar version of that bias, or none.

View on GitHub

GitHub stars12on the repository
Pine versionv5runs as is
Lines of code132
Settings0inputs
LicenceNone stated
Last update1 year ago5 Sep 2025

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.

Overview

Outside bars clear the bias. After each confirmed bar it records whether price tags the prior high or low and whether it closes beyond that level, then shows sample counts and rates in a table at the top right of the price chart. It has no inputs and no entry or exit signals.

Details

Published by

dbruce1990 on GitHub

Type

Indicator, Pine Script v5

Draws

On the price chart

Category

SMC / ICT / price action, Candlestick patterns, Screeners & dashboards

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.

Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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