This script analyzes the effectiveness of support and resistance (S&R) levels by examining their impact on price action. It measures the compression or reversion of price action around these levels to determine their overall performance.
To use the script, simply copy and paste the Moving Average (MA) or desired level script that you want to test. The results...
Name: Bias Analyzer
Category: Market Analyzer
Timeframe: 1H and 1D, depending on the Analysis type.
Technical Analysis: Usually when we think about a Trading System we start from an idea. This idea comes normally from observation and the study of the market.
Have we ever observed a market - for example Bitcoin - and thought that it increases at the start...