FWS Pair Bias Multi Timeframe Directional Bias

💨 FWS Pair Bias — Multi-Timeframe Directional Bias Watchlist

See where the wind is blowing — across every pair, every timeframe.

Pair Bias scans up to 8 forex pairs across 5 timeframes (M5/M15/H1/H4/D1) and computes a weighted composite directional score for each pair. Two scoring methods are built in — pick the one that matches your style. All from a compact on-chart panel with a stunning browser-based web dashboard.

Part of the Forex Weather Station suite. 

📊 What It Shows

• Watchlist of 8 Pairs — Configurable via comma-separated input. Default: EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD, USDCHF, NZDUSD, XAUUSD
• Composite Bias Per Pair — Weighted score from -100 (bear) to +100 (bull) across 5 timeframes
• Bias Bands — STRONG BULL (≥60), BULL (≥25), NEUTRAL, BEAR (≤-25), STRONG BEAR (≤-60)
• Directional Arrows — ▲▲▲ to ▼▼▼ at a glance for each pair
• Score Display — Numeric score (+85, -42, etc.) so you can compare strength
• Summary Footer — Bullish/Neutral/Bearish counts across the watchlist

🌐 Stunning HTML Web Dashboard

Click "Open Web View" to launch a beautiful browser dashboard featuring:

• All pairs in one rich layout with per-timeframe arrow pills
• Color-coded bias labels (green/amber/red) for instant scanning
• Statistics grid: Bullish / Neutral / Bearish counts
• Method indicator pill (EMA or ADX) so you always know what's running
• Glassmorphism dark theme matching the Forex Weather Station design
• LIVE connection — updates every 5 seconds from MT5 data
• Bookmark the URL once, access with one click forever

🎯 Two Bias Methods (Switchable)

Switch between them via a single input — no recompile needed.

⚖️ Weighted Multi-Timeframe Composite

Each pair's composite score is a weighted average of its 5 timeframe scores. Default weights favour higher timeframes (more reliable trend):

• D1 = weight 5
• H4 = weight 4
• H1 = weight 3
• M15 = weight 2
• M5 = weight 1

All weights are configurable — tune them to match your trading horizon.

✨ Key Features

• Configurable watchlist — comma-separated symbols, up to 8 pairs (works on any broker symbol incl. metals & indices)
• Two scoring methods — EMA-based (default) or ADX+RSI+PA, switchable in inputs
• Configurable weights — adjust per-timeframe importance to your style
• Configurable EMA periods — 21/50/200 by default, fully tunable
• Configurable ADX/RSI — periods and ADX threshold tunable
• Cached indicator handles — efficient, low-CPU multi-symbol scanning
• Draggable panel — click the border and drag anywhere on your chart
• Minimise button — collapse to a compact title bar with [-]
• Fully customisable colours — bull/bear/neutral, all panel colours adjustable
• JSON data bridge — writes pair state for integration with EAs and other tools
• No DLL required — pure MQL5, marketplace-compliant
• No external API — all calculations from MT5 data

⚙️ Input Parameters

📦 What's Included

1. MQL5 Indicator — Compact 340px on-chart panel with watchlist, drag, minimise
2. HTML Web Dashboard — Auto-generated to MQL5/Files/FWS/pairbias.html
3. JSON Data Bridge — Pair bias state written every 5 seconds for external integration

🔧 Quick Start

1. Attach the indicator to any chart (any symbol, any timeframe)
2. The panel appears showing all pairs in your watchlist with composite bias arrows
3. Wait a few seconds for EMA200 buffers to populate (especially on fresh symbols)
4. Click "Open Web View" for the full browser dashboard
5. Bookmark the URL for instant one-click access in the future
6. Edit the InpWatchlist input to scan your preferred pairs

🔌 Part of the Forex Weather Station Suite

Module 3 of the Forex Weather Station — a suite of 7 specialised trading tools that each work standalone or combine into a unified premium dashboard:

Each module writes data to a shared JSON bridge. The premium Weather Station bundle combines everything into one stunning real-time dashboard.

⚠️ Requirements

• MetaTrader 5 (build 3000+)
• Watchlist symbols must be available on your broker
• Web dashboard requires a modern browser (Chrome, Edge, Firefox)
• No DLL imports required
• No external API or API key required

💡 Tips

• Try both methods — EMA gives smoother bias, ADX+RSI is more reactive. The method pill on the panel shows which is active.
• Tune the weights — Day traders may prefer M15/H1 heavier; swing traders should keep D1/H4 weighted highest.
• Use as a filter — Only take longs in pairs marked BULL or STRONG BULL; only shorts in BEAR pairs.
• Watch the score — A composite of +85 is much more reliable than +28. Use the number, not just the colour.
• Combine with Tide Clock (free) for session timing and Storm Watch for news risk.
• The JSON file at Files/FWS/pairbias.json can be read by EAs to filter trade direction.

By Trading Edge — tradingedge.online