Purpose: Visualizes market direction and bias for intraday trading regression in futures and indices.
Description:
Implements Hamzei Analytics’ Market Bias Stop by plotting three key levels: the recent low, a dynamic high, and a middle plot (MBS visual).
The low acts as support, the dynamic high adjusts to market conditions (e.g., volatility) as resistance, and the middle plot represents the market’s bias or equilibrium.
Helps traders identify bullish (above middle), bearish (below middle), or neutral (around middle) market conditions, guiding trade entries and exits.
Should be LONG Above it and SHORT Below it
Often a place to pause and step aside on the first touch
Example: On an ES chart, if the middle plot is at 5268, with a low at 5106 and a dynamic high at 5430, price trading above 5106 signals a bounce bias.
NinjaTrader Use:
Plotted as three lines on NinjaTrader charts: yellow circles for the dynamic high and low, and gold crosses for the middle plot.
Integrates with RadarScreen to scan for bias shifts across multiple instruments.
Customizable settings (e.g., dynamic high calculation, session time frame) for tailored analysis.
Practical Example:
On our ES chart, if the middle plot is at 5268, with a low at 5106 and a dynamic high at 5430, price trading above 5106 signals a bounce bias.
We can see the stair-step down with HAPIMBS as price moves lower.
