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Institutional Bias

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Shows what we at TRI call the institutional bias, i.e. a bull bias when 9 ema is above 18 ema and a bear bias when the 9 ema is below the 18 ema.

Plots the 9 and 18 ema, and fills the background green when the institutional bias is bullish and red when it is bearish.
Nota Keluaran
Institutional Bias is usually based on the daily time frame.
By default the script will use the daily to determine the bias but you can turn it off to simply see the ema cross of the chart's time frame instead.
For example, a 4h chart will by default still use the daily time frame to determine institutional bias.

Please let me know of any improvements that could be made to this indicator. Happy trading!
Nota Keluaran
Previous preview/example chart was clogged with other indicators.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.