JXMJXRS - Anchor Bias Tool

The Anchor Bias Tool is a precision-based market structure tool designed to help traders visually quantify bias from any significant market event. Rather than relying on subjective trendlines or reactive signals, this tool lets you define a specific candle. Typically tied to a news event, breakout, or key swing point and then monitor how price behaves from that point forward.

You set an anchor candle using a specific date and time (UTC). The tool draws a horizontal anchor line at the closing price of that candle, calculates real-time price deviation from that level as a percentage, and then identifies whether price is in a bullish, bearish, or neutral zone based on how far it has moved from the anchor. This creates a clear, objective method for assessing whether the market is following through on an event or fading it.

Anchor Time (UTC) -
Define the exact candle you want to anchor from typically a reaction to a news event, breakout, or structural shift. All bias calculations begin from this candle’s closing price.

Bias Threshold (%) -
Sets how far price must move away from the anchor to be considered a valid directional bias. For example, 2.0% means price must be at least 2% above or below the anchor to enter bullish or bearish territory.

Show Bias Zones -
Toggles visual background shading on the chart. Green represents bullish bias, red for bearish. Helping you quickly identify where the market stands relative to the anchor.

Show Bias Labels -
Enables or disables the live label showing current bias (Bullish, Bearish, or Neutral) along with the real-time % deviation from the anchor level