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.
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Short-Title from "ICT Daily Bias" --> "[DTCC]"
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New chart image, added "Last Edited" comment in the code
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Added Alerts when bias is formed, & other small changes
Alerts only work if you follow instructions in the indicator settings
To enable dashboard/simplified-dashboard go to settings, its the first input.
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Removed alerts due to bugs and not being useful Some other changes
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Added to credits, changed name to look better in chart screen
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Added ability to make dashboard background color match the boxes background color that you input
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Improved script to hopefully eliminate bugs
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Redid DTCC calculation logic
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Additional update to DTCC calculation logic
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Fixed dashboard bias
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Updated chart image, removed tooltip
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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 timeframes
Could you please correct the below description. Both lines say the same thing. Thanks!
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)
Really good tool, thank you. Can you give a link to where to learn this DTCC principale ?
J_asper
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@Stephen_rabehajaina, I cant link it due to tradingview sadly, but maybe you could search "JasTrades"
Aixandr
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Can you add timeframe switching?
J_asper
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@Aixandr, DTCC only works if you calculate it on 5 minute, do you mean you want me to make it draw box the same on all timeframes? If so I am making a dashboard that would go in top right of your screen that shows the bias for that day. I will try to get the dashboard out today or tomorrow
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)