I simply plug in the specifics of the daily activity, primarily the Higher Time Frames.
This spits out a number that i have set a gauge table to in order to determine the likely outcome.
The tool has been very very helpful and accurate to about 70% over the past few months and helps me to remain disciplined in general direction of Trend Strength and Weakness. While the accuracy may vary depending on the close, it is very good predictor of early directional bias prior to the 7 bar zones. Many times the outcome will play out in the aftermarket causing the need for further conformation or even a neglect of the original bias.
The Market Bias tool when combined with the Day Type information and Daily Volume Profile provides a great insight into potential direction for the upcoming trading day.
Market Bias Tool at a glance
