A multi-timeframe market bias indicator that tracks price movements, calculates market direction, and evaluates trade performance across different timeframes.
Explore complementary indicator rolesHow it works
The ENIGMA Indicator calculates market bias by comparing current closing prices with previous timeframe highs and lows across multiple periods. It assigns a numerical bias value: 1 for bullish (price above previous high), -1 for bearish (price below previous low), and 0 for neutral (price between previous high and low).
The indicator tracks these biases independently for different timeframes, from 1-minute to daily charts. It then compiles a comprehensive bias table that displays the market direction, allowing traders to quickly understand trend dynamics across various time horizons.
Why it may be useful
The ENIGMA Indicator provides traders with a holistic view of market sentiment by analyzing multiple timeframes simultaneously. By tracking price movements and calculating market bias, traders can make more informed decisions about potential entry and exit points, reducing emotional trading and improving strategic planning.
Moreover, the indicator's win/loss tracking feature offers valuable performance insights, helping traders understand the effectiveness of their strategies across different market conditions. This data-driven approach enables continuous improvement and more precise trade management.
When to explore it
The ENIGMA Indicator is most effective during trending markets with clear directional movements across multiple timeframes. Traders can leverage this tool when seeking to confirm market bias, identify potential trend continuations, and evaluate trade performance with a structured, systematic approach.
It is particularly useful for traders who want to develop a comprehensive understanding of market dynamics, compare different timeframe perspectives, and track their trading success with detailed, real-time performance metrics.
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
