OPEN-SOURCE SCRIPT
ICT Daily Bias Finder [DTCC]
Mis à jour
What is This?
The ICT Daily Bias Finder [DTCC] 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 [DTCC] 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.
Notes de version
Short-Title from "ICT Daily Bias" --> "[DTCC]"Notes de version
New chart image, added "Last Edited" comment in the codeNotes de version
Added Alerts when bias is formed, & other small changesAlerts only work if you follow instructions in the indicator settings
Notes de version
- [*Added Dashboard]
[*Added Simplified Dashboard]
[*Fixed alerts displaying wrong bias]
[*Minor bug fixes in script]
To enable dashboard/simplified-dashboard go to settings, its the first input.
Notes de version
Removed alerts due to bugs and not being usefulSome other changes
Notes de version
Added to credits, changed name to look better in chart screenNotes de version
Added ability to make dashboard background color match the boxes background color that you inputNotes de version
Improved script to hopefully eliminate bugsNotes de version
Redid DTCC calculation logicNotes de version
Additional update to DTCC calculation logicNotes de version
Fixed dashboard biasNotes de version
Updated chart image, removed tooltipNotes de version
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 timeframesScript open-source
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