Application: Price Balancing, Filtering Price Actions

Confluence Points:

• The price often returns to BIAS after completing a wave movement to undergo consolidation.
• Noticeably, there is often a slowdown in transactions around the moving average.
• The moving average, Running BIAS, and Running Extension have similar assumptions regarding measuring a constant volume range.
• Running BIAS zones define consolidation movements.
• Running Extension zones define target achievements.
• Narrow zones suggest shifting to ranges from a higher timeframe.

In mm-scan, BIAS is a set of three tools that define the zero point of the chart or the projection of the price target. The zero point on the chart is similar to a no-trade zone; it defines the trend and helps identify the price's departure from its natural range. For price targets, we use Running BIAS and Running Extension.

<aside> 💡 The BIAS system is based on principles similar to those used in measuring a fixed range volume profile.

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BIAS 1.3

BIAS 1.3 is a moving average designed to support our trend. We use it to obtain local resistances, supports, or trend breakouts.

Its use is straightforward and intuitive, as we employ the average as a reference point to the trend's median. Its purpose is to visually filter the naturally balanced price. Price actions will follow the structures to ultimately meet the BIAS moving average.

Running BIAS

Running BIAS ranges, updated for each new period, are used to determine control points for promotion and premium. Running BIAS aims to facilitate the identification of consolidation ranges and analyze the trading block in relation to other confluence points.