ICT Daily Bias Finder [DTCC]
What is This?
The ICT Daily Bias Finder uses a method called "DTCC" to identify the London and New York session's bias, bullish or bearish. This indicator should only be relied on for 5 minute, and not other timeframes.
How do I use it?
Look at the previous days two boxes (labeled DTCC Bear/DTCC Bull), if both are bullish or both are bearish it is NOT recommended to rely on DTCC for that day. If the first one is bullish and second one is bearish, the DTCC for the next day says that London session will turn ABOVE midnight opening price, while New York will turn UNDER midnight opening price (longs in London, shorts in New York). If the second one is bearish and the first is bullish, the DTCC for the next day says that London session will turn UNDER midnight opening price, while New York will turn ABOVE midnight opening price (shorts in London, longs in New York)
Emoji guide to DTCC indicator:
🟢🟢: Don't trust DTCC for that day
🔴🔴: Don't trust DTCC for that day
🟢🔴: Longs in London above Midnight Opening Price, Shorts in New York under Midnight Opening Price
🔴🟢: Shorts in London under Midnight Opening Price, Longs in New York under Midnight Opening Price
Reminder: NEVER rely solely on DTCC, DTCC can be wrong and is not right 100% of times.
The ICT Daily Bias Finder uses a method called "DTCC" to identify the London and New York session's bias, bullish or bearish. This indicator should only be relied on for 5 minute, and not other timeframes.
How do I use it?
Look at the previous days two boxes (labeled DTCC Bear/DTCC Bull), if both are bullish or both are bearish it is NOT recommended to rely on DTCC for that day. If the first one is bullish and second one is bearish, the DTCC for the next day says that London session will turn ABOVE midnight opening price, while New York will turn UNDER midnight opening price (longs in London, shorts in New York). If the second one is bearish and the first is bullish, the DTCC for the next day says that London session will turn UNDER midnight opening price, while New York will turn ABOVE midnight opening price (shorts in London, longs in New York)
Emoji guide to DTCC indicator:
🟢🟢: Don't trust DTCC for that day
🔴🔴: Don't trust DTCC for that day
🟢🔴: Longs in London above Midnight Opening Price, Shorts in New York under Midnight Opening Price
🔴🟢: Shorts in London under Midnight Opening Price, Longs in New York under Midnight Opening Price
Reminder: NEVER rely solely on DTCC, DTCC can be wrong and is not right 100% of times.
Notas de prensa:
Short-Title from "ICT Daily Bias" --> ""
Notas de prensa:
New chart image, added "Last Edited" comment in the code
Notas de prensa:
Added Alerts when bias is formed, & other small changes
Alerts only work if you follow instructions in the indicator settings
Alerts only work if you follow instructions in the indicator settings
Notas de prensa:
To enable dashboard/simplified-dashboard go to settings, its the first input.
To enable dashboard/simplified-dashboard go to settings, its the first input.
Notas de prensa:
Removed alerts due to bugs and not being useful
Some other changes
Some other changes
Notas de prensa:
Added to credits, changed name to look better in chart screen
Notas de prensa:
Added ability to make dashboard background color match the boxes background color that you input
Notas de prensa:
Improved script to hopefully eliminate bugs
Notas de prensa:
Redid DTCC calculation logic
Notas de prensa:
Additional update to DTCC calculation logic
Notas de prensa:
Fixed dashboard bias
Notas de prensa:
Updated chart image, removed tooltip
Notas de prensa:
Changed Bias end from 2:49 -> 2:45, using indicator on 1 minute, charting a box then moving that box to other timeframes is reccomend, dont trust indicator on other timeframes