smc-vol ••• ahihi🚀 User Guide – SMC-Vol Optimized
📖 Overview
This indicator integrates Smart Money Concepts (SMC) with Volume Analysis to identify high-quality trade entries based on smart money flow behavior.
🎛️ BASIC SETTINGS
Enable/Disable Features
Inside Bar: Show inside/outside bars
PKV: Price-Volume Divergence patterns
HV Monitor: Track High Volume candles (MOST IMPORTANT!)
Color Settings
High Volume Candle: Yellow (default)
PKV: Purple
HV Break: Orange (when HV level is broken)
Daily Open: Blue
📊 HIGH VOLUME (HV) ANALYSIS
HV Settings:
Volume Ratio: 100 (lookback for highest volume)
SNR %: 46% (minimum body/range ratio)
Bars to Monitor: 5 bars (after HV candle appears)
How to Read HV:
Yellow = High Volume candle
Fuchsia = SNR (Supply & Demand Reversal)
🚨 "X" = Pattern breaking HV levels
HV Monitor Table (bottom left corner):
HV Monitor | Status | Details
Last HV | 3B ago | 1.2345/1.2300
Break Status | WATCHING | 3/5
Monitor | 5 Bars | After HV
🎯 TRADING STRATEGY
Step 1: Identify High Volume Candle
Wait for a yellow candle (HV confirmed)
Mark HV High & HV Low
Table shows status: "CURRENT"
Step 2: Track the Next 5 Bars
Table shows "WATCHING" with count (1/5, 2/5…)
Look for patterns:
SKU/SKD: Supply & Demand patterns
SNR_UP/SNR_DOWN: Reversal patterns
CHUOT_UP/CHUOT_DOWN: Hammer / Shooting Star
SK_MOM: Momentum patterns
Step 3: Entry on Pattern Break
🚨 Alert triggers when pattern breaks HV levels
BUY: Break above HV High
SELL: Break below HV Low
🔥 MAIN PATTERNS
SK (Supply/Demand)
SKU (▪️ below candle): Demand pattern, wait for HV Low break → BUY
SKD (▪️ above candle): Supply pattern, wait for HV High break → SELL
CHUOT (Mouse/Hammer)
CU (below): Hammer with long lower wick
CD (above): Shooting Star with long upper wick
SNR (Supply & Demand Reversal)
Small body candle (<46% of range) with low volume
↑ Break HV → Bullish reversal above HV High
↓ Break HV → Bearish reversal below HV Low
📈 MOVING AVERAGES
Three customizable MAs:
MA #1: EMA 21 (Yellow) – Short-term trend
MA #2: EMA 9 (White) – Entry timing
MA #3: EMA 50 (Green) – Long-term trend
Usage:
Bullish: Price > MA #3, MA #2 > MA #1
Entry when: Pattern break + price retest on MA
⏰ SESSION ANALYSIS
Session A (New York):
Range Box: NY Session (19:59–21:59)
Max/Min Lines: Draw session high/low
Custom Sessions:
Pre-Session (11:00–12:00): Blue Box
Main Session (12:00–13:00): Teal Box
Watch for breakout from these ranges
💰 COMPLETE TRADING SETUP
Entry Setup:
Identify HV (Yellow candle)
Wait for pattern (within 1–5 bars)
Confirm Break (🚨 alert + level break)
Enter in breakout direction
SL: Above/Below HV level (depending on direction)
TP: 1:2 or 1:3 Risk/Reward
Extra Filters:
Volume: Enter with increasing volume
MAs: Only trade in main trend direction
Sessions: Prefer entries during active sessions
🚨 ALERTS & NOTIFICATIONS
Two main alerts:
"Price breaks HV directly" → SNR break
"HV level broken" → Pattern break within 5 bars
Setup:
Right-click indicator → "Add Alert"
Select condition
Set notifications (email / Telegram / app)
🎯 TIPS & TRICKS
✅ DO:
Wait for HV confirmation before setup
Trade with trend (MA direction)
Use strict risk management (1–2% per trade)
Backtest before live trading
❌ DON’T:
Enter immediately on pattern (wait for confirmation)
Ignore volume (Volume is key!)
Chase price after breakout
Trade against major trend
💡 Pro Tips:
Combine with Price Action for better entries
Use Multi-Timeframe Analysis
Focus on major pairs in key sessions
Keep a Trading Journal to track performance
📞 SUPPORT & UPDATES
The indicator is continuously optimized to:
Reduce lag & increase accuracy
Add new features
Fix bugs & improve UX
Happy Trading! 🚀💰
Cicli
Arpitjainforex.com Trend DeciderHello All, This Indicator Helps you to identify if its going to be a Trending Day or A choppy Day.
Not sure if it can make huge profits, but will definitely save you from big losses when you enter revenge trading on a choppy day.
Decide if its trending or not, And Blindly Follow the Buy/Sell Bot on 5 min Timeframe to make best out of Trading.
Elliott Wave - Impulse + Corrective Detector (Demo) เทคนิคการใช้
สำหรับมือใหม่
ดูเฉพาะ Impulse Wave ก่อน
เทรดตาม direction ของ impulse
ใช้ Fibonacci เป็น support/resistance
สำหรับ Advanced
ใช้ Corrective Wave หาจุด reversal
รวม Triangle กับ breakout strategy
ใช้ Complex correction วางแผนระยะยาว
⚙️ การปรับแต่ง
ถ้าเจอ Pattern น้อยเกินไป
ลด Swing Length เป็น 3-4
เพิ่ม Max History เป็น 500
ถ้าเจอ Pattern เยอะเกินไป
เพิ่ม Swing Length เป็น 8-12
ปิด patterns ที่ไม่ต้องการ
สำหรับ Timeframe ต่างๆ
H1-H4: Swing Length = 5-8
Daily: Swing Length = 3-5
Weekly: Swing Length = 2-3
⚠️ ข้อควรระวัง
Elliott Wave เป็น subjective analysis
ใช้ร่วมกับ indicators อื่นๆ
Backtest ก่อนใช้เงินจริง
Pattern อาจเปลี่ยนได้ตลอดเวลา
🎓 สรุป
โค้ดนี้เป็นเครื่องมือช่วยวิเคราะห์ Elliott Wave ที่:
✅ ใช้งานง่าย
✅ ตรวจจับอัตโนมัติ
✅ มี confidence scoring
✅ แสดงผล Fibonacci levels
✅ ส่ง alerts เรียลไทม์
เหมาะสำหรับ: Trader ที่ต้องการใช้ Elliott Wave ในการวิเคราะห์เทคนิค แต่ไม่มีเวลานั่งหา pattern เอง
💡 Usage Tips
For Beginners
Focus on Impulse Waves first
Trade in the direction of impulse
Use Fibonacci as support/resistance levels
For Advanced Users
Use Corrective Waves to find reversal points
Combine Triangles with breakout strategies
Use Complex corrections for long-term planning
⚙️ Customization
If You See Too Few Patterns
Decrease Swing Length to 3-4
Increase Max History to 500
If You See Too Many Patterns
Increase Swing Length to 8-12
Turn off unwanted pattern types
For Different Timeframes
H1-H4: Swing Length = 5-8
Daily: Swing Length = 3-5
Weekly: Swing Length = 2-3
⚠️ Important Warnings
Elliott Wave is subjective analysis
Use with other technical indicators
Backtest before using real money
Patterns can change at any time
🔧 Troubleshooting
No Patterns Showing
Check if you have enough price history
Adjust Swing Length settings
Make sure pattern detection is enabled
Too Many False Signals
Increase confidence threshold requirements
Use higher timeframes
Combine with trend analysis
Performance Issues
Reduce Max History setting
Turn off unnecessary visual elements
Use on liquid markets only
📈 Trading Applications
Entry Strategies
Wave 3 Entry: After Wave 2 completion (61.8%-78.6% retracement)
Wave 5 Target: Equal to Wave 1 or Fibonacci extensions
Corrective Bounce: Trade reversals at C wave completion
Risk Management
Stop Loss: Beyond pattern invalidation levels
Take Profit: Fibonacci extension targets
Position Sizing: Based on pattern confidence
🎓 Summary
This code is an Elliott Wave analysis tool that offers:
✅ Easy to use interface
✅ Automatic pattern detection
✅ Confidence scoring system
✅ Fibonacci level display
✅ Real-time alerts
Perfect for: Traders who want to use Elliott Wave analysis but don't have time to manually identify patterns.
📚 Quick Reference
Pattern Hierarchy (Most to Least Reliable)
Impulse Waves (90% confidence)
Expanded Flats (85% confidence)
Zigzags (80% confidence)
Triangles (75% confidence)
Complex Corrections (70% confidence)
Best Practices
Start with higher timeframes for main trend
Use lower timeframes for precise entries
Always confirm with volume and momentum
Don't trade against strong fundamental news
Keep a trading journal to track performance
Remember: Elliott Wave is an art as much as a science. This tool helps identify potential patterns, but always use your judgment and additional analysis before making trading decisions.
Intraday Spark Chart [AstrideUnicorn]The Intraday Spark Chart (ISC) is a minimalist yet powerful tool designed to track an asset’s performance relative to its daily opening price. Inspired by Nasdaq's trading-floor analog dashboards, it visualizes intraday percentage changes as a color-coded sparkline, helping traders quickly gauge momentum and session bias.
Ideal for: Day trading, scalping, and multi-asset monitoring.
Best paired with: 1m to 4H timeframes (auto-warns on higher TFs).
Key metrics:
Real-time % change from daily open.
Final daily % change (updated at session close).
Daily open price labels for orientation.
HOW TO USE
Visual Guide
Sparkline Plot:
A green area/line indicates price is above the daily open (bullish).
A red area/line signals price is below the daily open (bearish).
The baseline (0%) represents the daily open price.
Session Markers:
The dotted vertical lines separate trading days.
Gray labels near the baseline show the exact daily open price at the start of each session.
Dynamic Labels:
The labels in the upper left corner of each session range display the current (or final) daily % change. Color matches the trend (green/red) for instant readability.
Practical Use Cases
Opening Range Breakouts: Spot early momentum by observing how price reacts to the daily open.
Multi-Asset Screening: Compare intraday strength across symbols by choosing an asset in the indicator settings panel.
Session Close Prep: Anticipate daily settlement by tracking the final % change (useful for futures/swing traders).
SETTINGS
Asset (Input Symbol) : Defaults to the current chart symbol. Choose any asset to monitor its price action without switching charts - ideal for intermarket analysis or correlation tracking.
HTF Bias Signals (Daily EMA Bias + LTF EMA Cross)clean, flexible indicator (Pine v5). It defines higher-timeframe (HTF) bias from Daily and/or Weekly EMAs, then only fires entries on your chart’s timeframe when that bias agrees with a simple fast/slow EMA trigger. It also includes alertconditions so you can automate alerts.
Supp_Ress_V1This indicator automatically plots support and resistance levels using confirmed pivot highs and lows, then manages them smartly by merging nearby levels, extending them, and removing them once price breaks through.
It also draws trendlines by connecting valid higher-lows (uptrend) or lower-highs (downtrend), ensuring they slope correctly and have enough spacing between pivots.
In short: it gives you a clean, trader-like map of the most relevant S/R zones and trendlines, updating dynamically as price action unfolds.
TTW-Day/Session Separator🗓️ Day Separator – Highlight Markers start times and days for Your Chart
This script adds automatic vertical lines to visually separate each trading day on your chart. It helps you quickly identify where each day starts and ends — especially useful for intraday and scalping strategies.
✅ Features:
Distinct lines for each weekday, month, week, trading session
Optional day-of-week labels (toggle on/off)
Custom label position (top or bottom of the chart)
Works on any timeframe
Whether you're tracking market sessions or reviewing daily price action, this tool gives you a clean structure to navigate your charts with more clarity.
PenguintrendThe PenguinTrend is a momentum oscillator that identifies optimal buy and sell opportunities by detecting oversold and overbought market conditions. When the background turns green (oversold) it suggests a potential buying opportunity. When the background turns red (overbought) it signals a potential selling opportunity. The indicator automatically adjusts for market volatility and only generates signals when both extreme conditions are present and momentum is shifting, helping filter out false signals in ranging markets.
Joe Ngushuals Fib stratThis tool is the ideal choice for developing effective Futures trading strategies. It provides you with precise entry points that indicate the optimal times to buy or sell. With an impressive win rate of 90%, it significantly enhances your chances of success in the market
SuperTrend+ UpdatedSuperTrend+ with SL/TP is a technical analysis tool designed to identify market trends and potential trading opportunities. Based on the SuperTrend indicator, it incorporates additional features including stop loss and take profit level calculations.
The indicator visually displays uptrends and downtrends through colored lines and background highlighting, making trend direction easy to identify. It generates buy and sell signals when trend reversals are detected, with optional volume filtering to reduce false signals.
Key features include customizable ATR parameters, multiple calculation methods for stop loss and take profit levels (ATR-based or fixed percentage), and clear visual markers for entry points and target levels.
Ideal for traders looking to identify trend directions and manage risk with predefined exit levels, this indicator works across various timeframes and financial instruments.
Altcoin-Season Indicator (ASI)Altcoin Season Indicator (ASI) — Invite Only
The ASI is not just another standard oscillator .
It identifies with impressive precision when an altcoin is reaching local tops – often exactly at the peak of an altcoin season – and when a true bottom formation is taking place.
Uniqueness:
It dynamically adapts to every market phase and to each individual altcoin.
This avoids two of the biggest mistakes:
- Entering too early into ongoing sell-offs ( “catching a falling knife” )
- Exiting too early before actual overheating
The result: maximum flexibility, highest precision.
---
Usage:
- Timeframe: 1D (recommended), 8h only for very young coins
- Best range: approx. Top 300 altcoins (Small-, Mid- and Large Caps)
Reading:
- Green zone → Entry signal (true bottom formation, start of a new trend phase)
- Red zone → Exit signal (overheating, start of distribution)
---
Who is it for?
- Beginners: clear, visual BUY/EXIT signals without complex interpretation
- Advanced & professionals: a tool that integrates seamlessly into existing strategies and captures the big moves
---
*(The ASI is a timing tool. Not financial advice.)*
Cheat CodeWhy Monday & Friday
Monday evening (NY): frequently seeds the weekly expansion. Its DR/IDR often acts as a weekly “starter envelope,” useful for breakout continuation or fade back into the box plays as liquidity builds.
Friday evening (NY): often exposes end-of-week traps (run on stops into the close) and sets expectation boundaries into the following week. Carry these levels forward to catch Monday’s reaction to Friday’s closing structure.
Typical use-cases
Breakout & retest:
Price closes outside the Monday DR/IDR → look for retests of the band edge for continuation.
Liquidity sweep (“trap”) recognition:
Friday session wicks briefly beyond Friday DR/IDR then closes back inside → watch for mean reversion early next week.
Bias filter:
Above both Monday DR midline and Friday DR midline → bias long until proven otherwise; the inverse for shorts.
Session open confluence:
Reactions at the open line frequently mark decision points for momentum vs. fade setups.
(This is a levels framework, not a signals engine. Combine with your execution model: orderflow, S/R, session timing, or higher-TF bias.)
Inputs & styling (quick reference)
Display toggles (per day):
Show DR / IDR / Middle DR / Middle IDR
Show Opening Line
Show DR/IDR Box (choose DR or IDR as box source)
Show Price Labels
Style controls (per day):
Line width (1–4), style (Solid/Dashed/Dotted)
Independent colors for DR, IDR, midlines, open line
Box background opacity
Timezone:
Default America/New_York (changeable).
Optional on-chart warning if your chart TZ differs.
Practical notes
Works on intraday charts; levels are anchored using weekly timestamps for accuracy on any symbol.
Live updating: During the Mon/Fri calc windows, DR/IDR highs/lows and midlines keep updating until the session ends.
Clean drawings: Lines, box, and labels are created once per session and then extended/updated—efficient on resources even with long display windows.
Max elements: Script reserves ample line/box/label capacity for stability across weeks.
Channel Balance Overview
The Channel Balance indicator identifies potential trend reversals and continuation zones by analyzing price equilibrium levels, momentum, and overbought/oversold conditions. It combines multiple technical layers to filter high-probability trading opportunities while minimizing noise.
Key Features
Dynamic Equilibrium Zones
Visualizes smoothed price channels to highlight key support/resistance areas.
Gradient shading emphasizes strength/weakness in price positioning.
Momentum Confirmation
Uses a custom trend-detection algorithm to validate signals.
Avoids false breaks by requiring alignment with momentum shifts.
RSI Integration
Filters signals with RSI overbought/oversold thresholds (adjustable).
Clean Signal Labels
BUY/SELL labels appear only when all conditions converge (price zone + momentum + RSI).
How to Use
Zones: Price near upper/lower gradients suggests potential reversals.
Signals: Wait for labeled confirmations with RSI extremes.
Customize: Adjust RSI settings or toggle visibility via inputs.
Why It’s Unique
Multi-Filter Approach: Combines price position, momentum, and oscillator logic.
Visual Clarity: Focuses on actionable levels without overcrowding the chart.
Settings
Toggle channels/signals and adjust RSI parameters in inputs.
EMA Golden & Death Cross with Profit Takingjust showing golden crosses and death crosses based on ema lines
S_Enterprice – Overlay (EMA/VWAP/Key Levels + RSI badge)Indicator that combines EMA 9/21, VWAP, Previous Day/Week levels, Session Open, Open Range, Initial Balance, and an RSI badge.
Useful for intraday trading, scalping, and ICT-style analysis.
Historical & Periodic Key LevelsHistorical & Periodic Key Levels
This indicator automatically plots historical key levels (ATH/ATL) and periodic closing levels (Daily, Weekly, Monthly, Yearly). It highlights major price zones frequently used in technical and institutional trading.
Key Features:
Dynamic ATH/ATL: tracks all-time high/low with date annotation.
Periodic Closes: previous D/W/M/Y closes with directional coloring.
Adaptive Colors: green/red based on bullish or bearish close.
Full Customization: toggle visibility, colors, line width, text alignment, and label text.
Smart Label Management: prevents overlap by cycling through label styles automatically.
Usage:
Identify strong support/resistance levels.
Monitor key closing prices across multiple timeframes.
Enhance swing trading and long-term analysis with institutional reference levels.
Inputs:
Levels Visibility: show/hide ATH, ATL, and periodic closes.
ATH/ATL Style Settings: line colors, label prefix, width, and text alignment.
Periodic Levels Style: label text (D/W/M/Y), line width, alignment, and bullish/bearish colors.
Notes:
Levels adjust automatically to the active chart timeframe.
Lower timeframe levels are hidden when redundant (e.g., daily close on daily chart).
Markov Chain [3D] | FractalystWhat exactly is a Markov Chain?
This indicator uses a Markov Chain model to analyze, quantify, and visualize the transitions between market regimes (Bull, Bear, Neutral) on your chart. It dynamically detects these regimes in real-time, calculates transition probabilities, and displays them as animated 3D spheres and arrows, giving traders intuitive insight into current and future market conditions.
How does a Markov Chain work, and how should I read this spheres-and-arrows diagram?
Think of three weather modes: Sunny, Rainy, Cloudy.
Each sphere is one mode. The loop on a sphere means “stay the same next step” (e.g., Sunny again tomorrow).
The arrows leaving a sphere show where things usually go next if they change (e.g., Sunny moving to Cloudy).
Some paths matter more than others. A more prominent loop means the current mode tends to persist. A more prominent outgoing arrow means a change to that destination is the usual next step.
Direction isn’t symmetric: moving Sunny→Cloudy can behave differently than Cloudy→Sunny.
Now relabel the spheres to markets: Bull, Bear, Neutral.
Spheres: market regimes (uptrend, downtrend, range).
Self‑loop: tendency for the current regime to continue on the next bar.
Arrows: the most common next regime if a switch happens.
How to read: Start at the sphere that matches current bar state. If the loop stands out, expect continuation. If one outgoing path stands out, that switch is the typical next step. Opposite directions can differ (Bear→Neutral doesn’t have to match Neutral→Bear).
What states and transitions are shown?
The three market states visualized are:
Bullish (Bull): Upward or strong-market regime.
Bearish (Bear): Downward or weak-market regime.
Neutral: Sideways or range-bound regime.
Bidirectional animated arrows and probability labels show how likely the market is to move from one regime to another (e.g., Bull → Bear or Neutral → Bull).
How does the regime detection system work?
You can use either built-in price returns (based on adaptive Z-score normalization) or supply three custom indicators (such as volume, oscillators, etc.).
Values are statistically normalized (Z-scored) over a configurable lookback period.
The normalized outputs are classified into Bull, Bear, or Neutral zones.
If using three indicators, their regime signals are averaged and smoothed for robustness.
How are transition probabilities calculated?
On every confirmed bar, the algorithm tracks the sequence of detected market states, then builds a rolling window of transitions.
The code maintains a transition count matrix for all regime pairs (e.g., Bull → Bear).
Transition probabilities are extracted for each possible state change using Laplace smoothing for numerical stability, and frequently updated in real-time.
What is unique about the visualization?
3D animated spheres represent each regime and change visually when active.
Animated, bidirectional arrows reveal transition probabilities and allow you to see both dominant and less likely regime flows.
Particles (moving dots) animate along the arrows, enhancing the perception of regime flow direction and speed.
All elements dynamically update with each new price bar, providing a live market map in an intuitive, engaging format.
Can I use custom indicators for regime classification?
Yes! Enable the "Custom Indicators" switch and select any three chart series as inputs. These will be normalized and combined (each with equal weight), broadening the regime classification beyond just price-based movement.
What does the “Lookback Period” control?
Lookback Period (default: 100) sets how much historical data builds the probability matrix. Shorter periods adapt faster to regime changes but may be noisier. Longer periods are more stable but slower to adapt.
How is this different from a Hidden Markov Model (HMM)?
It sets the window for both regime detection and probability calculations. Lower values make the system more reactive, but potentially noisier. Higher values smooth estimates and make the system more robust.
How is this Markov Chain different from a Hidden Markov Model (HMM)?
Markov Chain (as here): All market regimes (Bull, Bear, Neutral) are directly observable on the chart. The transition matrix is built from actual detected regimes, keeping the model simple and interpretable.
Hidden Markov Model: The actual regimes are unobservable ("hidden") and must be inferred from market output or indicator "emissions" using statistical learning algorithms. HMMs are more complex, can capture more subtle structure, but are harder to visualize and require additional machine learning steps for training.
A standard Markov Chain models transitions between observable states using a simple transition matrix, while a Hidden Markov Model assumes the true states are hidden (latent) and must be inferred from observable “emissions” like price or volume data. In practical terms, a Markov Chain is transparent and easier to implement and interpret; an HMM is more expressive but requires statistical inference to estimate hidden states from data.
Markov Chain: states are observable; you directly count or estimate transition probabilities between visible states. This makes it simpler, faster, and easier to validate and tune.
HMM: states are hidden; you only observe emissions generated by those latent states. Learning involves machine learning/statistical algorithms (commonly Baum–Welch/EM for training and Viterbi for decoding) to infer both the transition dynamics and the most likely hidden state sequence from data.
How does the indicator avoid “repainting” or look-ahead bias?
All regime changes and matrix updates happen only on confirmed (closed) bars, so no future data is leaked, ensuring reliable real-time operation.
Are there practical tuning tips?
Tune the Lookback Period for your asset/timeframe: shorter for fast markets, longer for stability.
Use custom indicators if your asset has unique regime drivers.
Watch for rapid changes in transition probabilities as early warning of a possible regime shift.
Who is this indicator for?
Quants and quantitative researchers exploring probabilistic market modeling, especially those interested in regime-switching dynamics and Markov models.
Programmers and system developers who need a probabilistic regime filter for systematic and algorithmic backtesting:
The Markov Chain indicator is ideally suited for programmatic integration via its bias output (1 = Bull, 0 = Neutral, -1 = Bear).
Although the visualization is engaging, the core output is designed for automated, rules-based workflows—not for discretionary/manual trading decisions.
Developers can connect the indicator’s output directly to their Pine Script logic (using input.source()), allowing rapid and robust backtesting of regime-based strategies.
It acts as a plug-and-play regime filter: simply plug the bias output into your entry/exit logic, and you have a scientifically robust, probabilistically-derived signal for filtering, timing, position sizing, or risk regimes.
The MC's output is intentionally "trinary" (1/0/-1), focusing on clear regime states for unambiguous decision-making in code. If you require nuanced, multi-probability or soft-label state vectors, consider expanding the indicator or stacking it with a probability-weighted logic layer in your scripting.
Because it avoids subjectivity, this approach is optimal for systematic quants, algo developers building backtested, repeatable strategies based on probabilistic regime analysis.
What's the mathematical foundation behind this?
The mathematical foundation behind this Markov Chain indicator—and probabilistic regime detection in finance—draws from two principal models: the (standard) Markov Chain and the Hidden Markov Model (HMM).
How to use this indicator programmatically?
The Markov Chain indicator automatically exports a bias value (+1 for Bullish, -1 for Bearish, 0 for Neutral) as a plot visible in the Data Window. This allows you to integrate its regime signal into your own scripts and strategies for backtesting, automation, or live trading.
Step-by-Step Integration with Pine Script (input.source)
Add the Markov Chain indicator to your chart.
This must be done first, since your custom script will "pull" the bias signal from the indicator's plot.
In your strategy, create an input using input.source()
Example:
//@version=5
strategy("MC Bias Strategy Example")
mcBias = input.source(close, "MC Bias Source")
After saving, go to your script’s settings. For the “MC Bias Source” input, select the plot/output of the Markov Chain indicator (typically its bias plot).
Use the bias in your trading logic
Example (long only on Bull, flat otherwise):
if mcBias == 1
strategy.entry("Long", strategy.long)
else
strategy.close("Long")
For more advanced workflows, combine mcBias with additional filters or trailing stops.
How does this work behind-the-scenes?
TradingView’s input.source() lets you use any plot from another indicator as a real-time, “live” data feed in your own script (source).
The selected bias signal is available to your Pine code as a variable, enabling logical decisions based on regime (trend-following, mean-reversion, etc.).
This enables powerful strategy modularity : decouple regime detection from entry/exit logic, allowing fast experimentation without rewriting core signal code.
Integrating 45+ Indicators with Your Markov Chain — How & Why
The Enhanced Custom Indicators Export script exports a massive suite of over 45 technical indicators—ranging from classic momentum (RSI, MACD, Stochastic, etc.) to trend, volume, volatility, and oscillator tools—all pre-calculated, centered/scaled, and available as plots.
// Enhanced Custom Indicators Export - 45 Technical Indicators
// Comprehensive technical analysis suite for advanced market regime detection
//@version=6
indicator('Enhanced Custom Indicators Export | Fractalyst', shorttitle='Enhanced CI Export', overlay=false, scale=scale.right, max_labels_count=500, max_lines_count=500)
// |----- Input Parameters -----| //
momentum_group = "Momentum Indicators"
trend_group = "Trend Indicators"
volume_group = "Volume Indicators"
volatility_group = "Volatility Indicators"
oscillator_group = "Oscillator Indicators"
display_group = "Display Settings"
// Common lengths
length_14 = input.int(14, "Standard Length (14)", minval=1, maxval=100, group=momentum_group)
length_20 = input.int(20, "Medium Length (20)", minval=1, maxval=200, group=trend_group)
length_50 = input.int(50, "Long Length (50)", minval=1, maxval=200, group=trend_group)
// Display options
show_table = input.bool(true, "Show Values Table", group=display_group)
table_size = input.string("Small", "Table Size", options= , group=display_group)
// |----- MOMENTUM INDICATORS (15 indicators) -----| //
// 1. RSI (Relative Strength Index)
rsi_14 = ta.rsi(close, length_14)
rsi_centered = rsi_14 - 50
// 2. Stochastic Oscillator
stoch_k = ta.stoch(close, high, low, length_14)
stoch_d = ta.sma(stoch_k, 3)
stoch_centered = stoch_k - 50
// 3. Williams %R
williams_r = ta.stoch(close, high, low, length_14) - 100
// 4. MACD (Moving Average Convergence Divergence)
= ta.macd(close, 12, 26, 9)
// 5. Momentum (Rate of Change)
momentum = ta.mom(close, length_14)
momentum_pct = (momentum / close ) * 100
// 6. Rate of Change (ROC)
roc = ta.roc(close, length_14)
// 7. Commodity Channel Index (CCI)
cci = ta.cci(close, length_20)
// 8. Money Flow Index (MFI)
mfi = ta.mfi(close, length_14)
mfi_centered = mfi - 50
// 9. Awesome Oscillator (AO)
ao = ta.sma(hl2, 5) - ta.sma(hl2, 34)
// 10. Accelerator Oscillator (AC)
ac = ao - ta.sma(ao, 5)
// 11. Chande Momentum Oscillator (CMO)
cmo = ta.cmo(close, length_14)
// 12. Detrended Price Oscillator (DPO)
dpo = close - ta.sma(close, length_20)
// 13. Price Oscillator (PPO)
ppo = ta.sma(close, 12) - ta.sma(close, 26)
ppo_pct = (ppo / ta.sma(close, 26)) * 100
// 14. TRIX
trix_ema1 = ta.ema(close, length_14)
trix_ema2 = ta.ema(trix_ema1, length_14)
trix_ema3 = ta.ema(trix_ema2, length_14)
trix = ta.roc(trix_ema3, 1) * 10000
// 15. Klinger Oscillator
klinger = ta.ema(volume * (high + low + close) / 3, 34) - ta.ema(volume * (high + low + close) / 3, 55)
// 16. Fisher Transform
fisher_hl2 = 0.5 * (hl2 - ta.lowest(hl2, 10)) / (ta.highest(hl2, 10) - ta.lowest(hl2, 10)) - 0.25
fisher = 0.5 * math.log((1 + fisher_hl2) / (1 - fisher_hl2))
// 17. Stochastic RSI
stoch_rsi = ta.stoch(rsi_14, rsi_14, rsi_14, length_14)
stoch_rsi_centered = stoch_rsi - 50
// 18. Relative Vigor Index (RVI)
rvi_num = ta.swma(close - open)
rvi_den = ta.swma(high - low)
rvi = rvi_den != 0 ? rvi_num / rvi_den : 0
// 19. Balance of Power (BOP)
bop = (close - open) / (high - low)
// |----- TREND INDICATORS (10 indicators) -----| //
// 20. Simple Moving Average Momentum
sma_20 = ta.sma(close, length_20)
sma_momentum = ((close - sma_20) / sma_20) * 100
// 21. Exponential Moving Average Momentum
ema_20 = ta.ema(close, length_20)
ema_momentum = ((close - ema_20) / ema_20) * 100
// 22. Parabolic SAR
sar = ta.sar(0.02, 0.02, 0.2)
sar_trend = close > sar ? 1 : -1
// 23. Linear Regression Slope
lr_slope = ta.linreg(close, length_20, 0) - ta.linreg(close, length_20, 1)
// 24. Moving Average Convergence (MAC)
mac = ta.sma(close, 10) - ta.sma(close, 30)
// 25. Trend Intensity Index (TII)
tii_sum = 0.0
for i = 1 to length_20
tii_sum += close > close ? 1 : 0
tii = (tii_sum / length_20) * 100
// 26. Ichimoku Cloud Components
ichimoku_tenkan = (ta.highest(high, 9) + ta.lowest(low, 9)) / 2
ichimoku_kijun = (ta.highest(high, 26) + ta.lowest(low, 26)) / 2
ichimoku_signal = ichimoku_tenkan > ichimoku_kijun ? 1 : -1
// 27. MESA Adaptive Moving Average (MAMA)
mama_alpha = 2.0 / (length_20 + 1)
mama = ta.ema(close, length_20)
mama_momentum = ((close - mama) / mama) * 100
// 28. Zero Lag Exponential Moving Average (ZLEMA)
zlema_lag = math.round((length_20 - 1) / 2)
zlema_data = close + (close - close )
zlema = ta.ema(zlema_data, length_20)
zlema_momentum = ((close - zlema) / zlema) * 100
// |----- VOLUME INDICATORS (6 indicators) -----| //
// 29. On-Balance Volume (OBV)
obv = ta.obv
// 30. Volume Rate of Change (VROC)
vroc = ta.roc(volume, length_14)
// 31. Price Volume Trend (PVT)
pvt = ta.pvt
// 32. Negative Volume Index (NVI)
nvi = 0.0
nvi := volume < volume ? nvi + ((close - close ) / close ) * nvi : nvi
// 33. Positive Volume Index (PVI)
pvi = 0.0
pvi := volume > volume ? pvi + ((close - close ) / close ) * pvi : pvi
// 34. Volume Oscillator
vol_osc = ta.sma(volume, 5) - ta.sma(volume, 10)
// 35. Ease of Movement (EOM)
eom_distance = high - low
eom_box_height = volume / 1000000
eom = eom_box_height != 0 ? eom_distance / eom_box_height : 0
eom_sma = ta.sma(eom, length_14)
// 36. Force Index
force_index = volume * (close - close )
force_index_sma = ta.sma(force_index, length_14)
// |----- VOLATILITY INDICATORS (10 indicators) -----| //
// 37. Average True Range (ATR)
atr = ta.atr(length_14)
atr_pct = (atr / close) * 100
// 38. Bollinger Bands Position
bb_basis = ta.sma(close, length_20)
bb_dev = 2.0 * ta.stdev(close, length_20)
bb_upper = bb_basis + bb_dev
bb_lower = bb_basis - bb_dev
bb_position = bb_dev != 0 ? (close - bb_basis) / bb_dev : 0
bb_width = bb_dev != 0 ? (bb_upper - bb_lower) / bb_basis * 100 : 0
// 39. Keltner Channels Position
kc_basis = ta.ema(close, length_20)
kc_range = ta.ema(ta.tr, length_20)
kc_upper = kc_basis + (2.0 * kc_range)
kc_lower = kc_basis - (2.0 * kc_range)
kc_position = kc_range != 0 ? (close - kc_basis) / kc_range : 0
// 40. Donchian Channels Position
dc_upper = ta.highest(high, length_20)
dc_lower = ta.lowest(low, length_20)
dc_basis = (dc_upper + dc_lower) / 2
dc_position = (dc_upper - dc_lower) != 0 ? (close - dc_basis) / (dc_upper - dc_lower) : 0
// 41. Standard Deviation
std_dev = ta.stdev(close, length_20)
std_dev_pct = (std_dev / close) * 100
// 42. Relative Volatility Index (RVI)
rvi_up = ta.stdev(close > close ? close : 0, length_14)
rvi_down = ta.stdev(close < close ? close : 0, length_14)
rvi_total = rvi_up + rvi_down
rvi_volatility = rvi_total != 0 ? (rvi_up / rvi_total) * 100 : 50
// 43. Historical Volatility
hv_returns = math.log(close / close )
hv = ta.stdev(hv_returns, length_20) * math.sqrt(252) * 100
// 44. Garman-Klass Volatility
gk_vol = math.log(high/low) * math.log(high/low) - (2*math.log(2)-1) * math.log(close/open) * math.log(close/open)
gk_volatility = math.sqrt(ta.sma(gk_vol, length_20)) * 100
// 45. Parkinson Volatility
park_vol = math.log(high/low) * math.log(high/low)
parkinson = math.sqrt(ta.sma(park_vol, length_20) / (4 * math.log(2))) * 100
// 46. Rogers-Satchell Volatility
rs_vol = math.log(high/close) * math.log(high/open) + math.log(low/close) * math.log(low/open)
rogers_satchell = math.sqrt(ta.sma(rs_vol, length_20)) * 100
// |----- OSCILLATOR INDICATORS (5 indicators) -----| //
// 47. Elder Ray Index
elder_bull = high - ta.ema(close, 13)
elder_bear = low - ta.ema(close, 13)
elder_power = elder_bull + elder_bear
// 48. Schaff Trend Cycle (STC)
stc_macd = ta.ema(close, 23) - ta.ema(close, 50)
stc_k = ta.stoch(stc_macd, stc_macd, stc_macd, 10)
stc_d = ta.ema(stc_k, 3)
stc = ta.stoch(stc_d, stc_d, stc_d, 10)
// 49. Coppock Curve
coppock_roc1 = ta.roc(close, 14)
coppock_roc2 = ta.roc(close, 11)
coppock = ta.wma(coppock_roc1 + coppock_roc2, 10)
// 50. Know Sure Thing (KST)
kst_roc1 = ta.roc(close, 10)
kst_roc2 = ta.roc(close, 15)
kst_roc3 = ta.roc(close, 20)
kst_roc4 = ta.roc(close, 30)
kst = ta.sma(kst_roc1, 10) + 2*ta.sma(kst_roc2, 10) + 3*ta.sma(kst_roc3, 10) + 4*ta.sma(kst_roc4, 15)
// 51. Percentage Price Oscillator (PPO)
ppo_line = ((ta.ema(close, 12) - ta.ema(close, 26)) / ta.ema(close, 26)) * 100
ppo_signal = ta.ema(ppo_line, 9)
ppo_histogram = ppo_line - ppo_signal
// |----- PLOT MAIN INDICATORS -----| //
// Plot key momentum indicators
plot(rsi_centered, title="01_RSI_Centered", color=color.purple, linewidth=1)
plot(stoch_centered, title="02_Stoch_Centered", color=color.blue, linewidth=1)
plot(williams_r, title="03_Williams_R", color=color.red, linewidth=1)
plot(macd_histogram, title="04_MACD_Histogram", color=color.orange, linewidth=1)
plot(cci, title="05_CCI", color=color.green, linewidth=1)
// Plot trend indicators
plot(sma_momentum, title="06_SMA_Momentum", color=color.navy, linewidth=1)
plot(ema_momentum, title="07_EMA_Momentum", color=color.maroon, linewidth=1)
plot(sar_trend, title="08_SAR_Trend", color=color.teal, linewidth=1)
plot(lr_slope, title="09_LR_Slope", color=color.lime, linewidth=1)
plot(mac, title="10_MAC", color=color.fuchsia, linewidth=1)
// Plot volatility indicators
plot(atr_pct, title="11_ATR_Pct", color=color.yellow, linewidth=1)
plot(bb_position, title="12_BB_Position", color=color.aqua, linewidth=1)
plot(kc_position, title="13_KC_Position", color=color.olive, linewidth=1)
plot(std_dev_pct, title="14_StdDev_Pct", color=color.silver, linewidth=1)
plot(bb_width, title="15_BB_Width", color=color.gray, linewidth=1)
// Plot volume indicators
plot(vroc, title="16_VROC", color=color.blue, linewidth=1)
plot(eom_sma, title="17_EOM", color=color.red, linewidth=1)
plot(vol_osc, title="18_Vol_Osc", color=color.green, linewidth=1)
plot(force_index_sma, title="19_Force_Index", color=color.orange, linewidth=1)
plot(obv, title="20_OBV", color=color.purple, linewidth=1)
// Plot additional oscillators
plot(ao, title="21_Awesome_Osc", color=color.navy, linewidth=1)
plot(cmo, title="22_CMO", color=color.maroon, linewidth=1)
plot(dpo, title="23_DPO", color=color.teal, linewidth=1)
plot(trix, title="24_TRIX", color=color.lime, linewidth=1)
plot(fisher, title="25_Fisher", color=color.fuchsia, linewidth=1)
// Plot more momentum indicators
plot(mfi_centered, title="26_MFI_Centered", color=color.yellow, linewidth=1)
plot(ac, title="27_AC", color=color.aqua, linewidth=1)
plot(ppo_pct, title="28_PPO_Pct", color=color.olive, linewidth=1)
plot(stoch_rsi_centered, title="29_StochRSI_Centered", color=color.silver, linewidth=1)
plot(klinger, title="30_Klinger", color=color.gray, linewidth=1)
// Plot trend continuation
plot(tii, title="31_TII", color=color.blue, linewidth=1)
plot(ichimoku_signal, title="32_Ichimoku_Signal", color=color.red, linewidth=1)
plot(mama_momentum, title="33_MAMA_Momentum", color=color.green, linewidth=1)
plot(zlema_momentum, title="34_ZLEMA_Momentum", color=color.orange, linewidth=1)
plot(bop, title="35_BOP", color=color.purple, linewidth=1)
// Plot volume continuation
plot(nvi, title="36_NVI", color=color.navy, linewidth=1)
plot(pvi, title="37_PVI", color=color.maroon, linewidth=1)
plot(momentum_pct, title="38_Momentum_Pct", color=color.teal, linewidth=1)
plot(roc, title="39_ROC", color=color.lime, linewidth=1)
plot(rvi, title="40_RVI", color=color.fuchsia, linewidth=1)
// Plot volatility continuation
plot(dc_position, title="41_DC_Position", color=color.yellow, linewidth=1)
plot(rvi_volatility, title="42_RVI_Volatility", color=color.aqua, linewidth=1)
plot(hv, title="43_Historical_Vol", color=color.olive, linewidth=1)
plot(gk_volatility, title="44_GK_Volatility", color=color.silver, linewidth=1)
plot(parkinson, title="45_Parkinson_Vol", color=color.gray, linewidth=1)
// Plot final oscillators
plot(rogers_satchell, title="46_RS_Volatility", color=color.blue, linewidth=1)
plot(elder_power, title="47_Elder_Power", color=color.red, linewidth=1)
plot(stc, title="48_STC", color=color.green, linewidth=1)
plot(coppock, title="49_Coppock", color=color.orange, linewidth=1)
plot(kst, title="50_KST", color=color.purple, linewidth=1)
// Plot final indicators
plot(ppo_histogram, title="51_PPO_Histogram", color=color.navy, linewidth=1)
plot(pvt, title="52_PVT", color=color.maroon, linewidth=1)
// |----- Reference Lines -----| //
hline(0, "Zero Line", color=color.gray, linestyle=hline.style_dashed, linewidth=1)
hline(50, "Midline", color=color.gray, linestyle=hline.style_dotted, linewidth=1)
hline(-50, "Lower Midline", color=color.gray, linestyle=hline.style_dotted, linewidth=1)
hline(25, "Upper Threshold", color=color.gray, linestyle=hline.style_dotted, linewidth=1)
hline(-25, "Lower Threshold", color=color.gray, linestyle=hline.style_dotted, linewidth=1)
// |----- Enhanced Information Table -----| //
if show_table and barstate.islast
table_position = position.top_right
table_text_size = table_size == "Tiny" ? size.tiny : table_size == "Small" ? size.small : size.normal
var table info_table = table.new(table_position, 3, 18, bgcolor=color.new(color.white, 85), border_width=1, border_color=color.gray)
// Headers
table.cell(info_table, 0, 0, 'Category', text_color=color.black, text_size=table_text_size, bgcolor=color.new(color.blue, 70))
table.cell(info_table, 1, 0, 'Indicator', text_color=color.black, text_size=table_text_size, bgcolor=color.new(color.blue, 70))
table.cell(info_table, 2, 0, 'Value', text_color=color.black, text_size=table_text_size, bgcolor=color.new(color.blue, 70))
// Key Momentum Indicators
table.cell(info_table, 0, 1, 'MOMENTUM', text_color=color.purple, text_size=table_text_size, bgcolor=color.new(color.purple, 90))
table.cell(info_table, 1, 1, 'RSI Centered', text_color=color.purple, text_size=table_text_size)
table.cell(info_table, 2, 1, str.tostring(rsi_centered, '0.00'), text_color=color.purple, text_size=table_text_size)
table.cell(info_table, 0, 2, '', text_color=color.blue, text_size=table_text_size)
table.cell(info_table, 1, 2, 'Stoch Centered', text_color=color.blue, text_size=table_text_size)
table.cell(info_table, 2, 2, str.tostring(stoch_centered, '0.00'), text_color=color.blue, text_size=table_text_size)
table.cell(info_table, 0, 3, '', text_color=color.red, text_size=table_text_size)
table.cell(info_table, 1, 3, 'Williams %R', text_color=color.red, text_size=table_text_size)
table.cell(info_table, 2, 3, str.tostring(williams_r, '0.00'), text_color=color.red, text_size=table_text_size)
table.cell(info_table, 0, 4, '', text_color=color.orange, text_size=table_text_size)
table.cell(info_table, 1, 4, 'MACD Histogram', text_color=color.orange, text_size=table_text_size)
table.cell(info_table, 2, 4, str.tostring(macd_histogram, '0.000'), text_color=color.orange, text_size=table_text_size)
table.cell(info_table, 0, 5, '', text_color=color.green, text_size=table_text_size)
table.cell(info_table, 1, 5, 'CCI', text_color=color.green, text_size=table_text_size)
table.cell(info_table, 2, 5, str.tostring(cci, '0.00'), text_color=color.green, text_size=table_text_size)
// Key Trend Indicators
table.cell(info_table, 0, 6, 'TREND', text_color=color.navy, text_size=table_text_size, bgcolor=color.new(color.navy, 90))
table.cell(info_table, 1, 6, 'SMA Momentum %', text_color=color.navy, text_size=table_text_size)
table.cell(info_table, 2, 6, str.tostring(sma_momentum, '0.00'), text_color=color.navy, text_size=table_text_size)
table.cell(info_table, 0, 7, '', text_color=color.maroon, text_size=table_text_size)
table.cell(info_table, 1, 7, 'EMA Momentum %', text_color=color.maroon, text_size=table_text_size)
table.cell(info_table, 2, 7, str.tostring(ema_momentum, '0.00'), text_color=color.maroon, text_size=table_text_size)
table.cell(info_table, 0, 8, '', text_color=color.teal, text_size=table_text_size)
table.cell(info_table, 1, 8, 'SAR Trend', text_color=color.teal, text_size=table_text_size)
table.cell(info_table, 2, 8, str.tostring(sar_trend, '0'), text_color=color.teal, text_size=table_text_size)
table.cell(info_table, 0, 9, '', text_color=color.lime, text_size=table_text_size)
table.cell(info_table, 1, 9, 'Linear Regression', text_color=color.lime, text_size=table_text_size)
table.cell(info_table, 2, 9, str.tostring(lr_slope, '0.000'), text_color=color.lime, text_size=table_text_size)
// Key Volatility Indicators
table.cell(info_table, 0, 10, 'VOLATILITY', text_color=color.yellow, text_size=table_text_size, bgcolor=color.new(color.yellow, 90))
table.cell(info_table, 1, 10, 'ATR %', text_color=color.yellow, text_size=table_text_size)
table.cell(info_table, 2, 10, str.tostring(atr_pct, '0.00'), text_color=color.yellow, text_size=table_text_size)
table.cell(info_table, 0, 11, '', text_color=color.aqua, text_size=table_text_size)
table.cell(info_table, 1, 11, 'BB Position', text_color=color.aqua, text_size=table_text_size)
table.cell(info_table, 2, 11, str.tostring(bb_position, '0.00'), text_color=color.aqua, text_size=table_text_size)
table.cell(info_table, 0, 12, '', text_color=color.olive, text_size=table_text_size)
table.cell(info_table, 1, 12, 'KC Position', text_color=color.olive, text_size=table_text_size)
table.cell(info_table, 2, 12, str.tostring(kc_position, '0.00'), text_color=color.olive, text_size=table_text_size)
// Key Volume Indicators
table.cell(info_table, 0, 13, 'VOLUME', text_color=color.blue, text_size=table_text_size, bgcolor=color.new(color.blue, 90))
table.cell(info_table, 1, 13, 'Volume ROC', text_color=color.blue, text_size=table_text_size)
table.cell(info_table, 2, 13, str.tostring(vroc, '0.00'), text_color=color.blue, text_size=table_text_size)
table.cell(info_table, 0, 14, '', text_color=color.red, text_size=table_text_size)
table.cell(info_table, 1, 14, 'EOM', text_color=color.red, text_size=table_text_size)
table.cell(info_table, 2, 14, str.tostring(eom_sma, '0.000'), text_color=color.red, text_size=table_text_size)
// Key Oscillators
table.cell(info_table, 0, 15, 'OSCILLATORS', text_color=color.purple, text_size=table_text_size, bgcolor=color.new(color.purple, 90))
table.cell(info_table, 1, 15, 'Awesome Osc', text_color=color.blue, text_size=table_text_size)
table.cell(info_table, 2, 15, str.tostring(ao, '0.000'), text_color=color.blue, text_size=table_text_size)
table.cell(info_table, 0, 16, '', text_color=color.red, text_size=table_text_size)
table.cell(info_table, 1, 16, 'Fisher Transform', text_color=color.red, text_size=table_text_size)
table.cell(info_table, 2, 16, str.tostring(fisher, '0.000'), text_color=color.red, text_size=table_text_size)
// Summary Statistics
table.cell(info_table, 0, 17, 'SUMMARY', text_color=color.black, text_size=table_text_size, bgcolor=color.new(color.gray, 70))
table.cell(info_table, 1, 17, 'Total Indicators: 52', text_color=color.black, text_size=table_text_size)
regime_color = rsi_centered > 10 ? color.green : rsi_centered < -10 ? color.red : color.gray
regime_text = rsi_centered > 10 ? "BULLISH" : rsi_centered < -10 ? "BEARISH" : "NEUTRAL"
table.cell(info_table, 2, 17, regime_text, text_color=regime_color, text_size=table_text_size)
This makes it the perfect “indicator backbone” for quantitative and systematic traders who want to prototype, combine, and test new regime detection models—especially in combination with the Markov Chain indicator.
How to use this script with the Markov Chain for research and backtesting:
Add the Enhanced Indicator Export to your chart.
Every calculated indicator is available as an individual data stream.
Connect the indicator(s) you want as custom input(s) to the Markov Chain’s “Custom Indicators” option.
In the Markov Chain indicator’s settings, turn ON the custom indicator mode.
For each of the three custom indicator inputs, select the exported plot from the Enhanced Export script—the menu lists all 45+ signals by name.
This creates a powerful, modular regime-detection engine where you can mix-and-match momentum, trend, volume, or custom combinations for advanced filtering.
Backtest regime logic directly.
Once you’ve connected your chosen indicators, the Markov Chain script performs regime detection (Bull/Neutral/Bear) based on your selected features—not just price returns.
The regime detection is robust, automatically normalized (using Z-score), and outputs bias (1, -1, 0) for plug-and-play integration.
Export the regime bias for programmatic use.
As described above, use input.source() in your Pine Script strategy or system and link the bias output.
You can now filter signals, control trade direction/size, or design pairs-trading that respect true, indicator-driven market regimes.
With this framework, you’re not limited to static or simplistic regime filters. You can rigorously define, test, and refine what “market regime” means for your strategies—using the technical features that matter most to you.
Optimize your signal generation by backtesting across a universe of meaningful indicator blends.
Enhance risk management with objective, real-time regime boundaries.
Accelerate your research: iterate quickly, swap indicator components, and see results with minimal code changes.
Automate multi-asset or pairs-trading by integrating regime context directly into strategy logic.
Add both scripts to your chart, connect your preferred features, and start investigating your best regime-based trades—entirely within the TradingView ecosystem.
References & Further Reading
Ang, A., & Bekaert, G. (2002). “Regime Switches in Interest Rates.” Journal of Business & Economic Statistics, 20(2), 163–182.
Hamilton, J. D. (1989). “A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle.” Econometrica, 57(2), 357–384.
Markov, A. A. (1906). "Extension of the Limit Theorems of Probability Theory to a Sum of Variables Connected in a Chain." The Notes of the Imperial Academy of Sciences of St. Petersburg.
Guidolin, M., & Timmermann, A. (2007). “Asset Allocation under Multivariate Regime Switching.” Journal of Economic Dynamics and Control, 31(11), 3503–3544.
Murphy, J. J. (1999). Technical Analysis of the Financial Markets. New York Institute of Finance.
Brock, W., Lakonishok, J., & LeBaron, B. (1992). “Simple Technical Trading Rules and the Stochastic Properties of Stock Returns.” Journal of Finance, 47(5), 1731–1764.
Zucchini, W., MacDonald, I. L., & Langrock, R. (2017). Hidden Markov Models for Time Series: An Introduction Using R (2nd ed.). Chapman and Hall/CRC.
On Quantitative Finance and Markov Models:
Lo, A. W., & Hasanhodzic, J. (2009). The Heretics of Finance: Conversations with Leading Practitioners of Technical Analysis. Bloomberg Press.
Patterson, S. (2016). The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution. Penguin Press.
TradingView Pine Script Documentation: www.tradingview.com
TradingView Blog: “Use an Input From Another Indicator With Your Strategy” www.tradingview.com
GeeksforGeeks: “What is the Difference Between Markov Chains and Hidden Markov Models?” www.geeksforgeeks.org
What makes this indicator original and unique?
- On‑chart, real‑time Markov. The chain is drawn directly on your chart. You see the current regime, its tendency to stay (self‑loop), and the usual next step (arrows) as bars confirm.
- Source‑agnostic by design. The engine runs on any series you select via input.source() — price, your own oscillator, a composite score, anything you compute in the script.
- Automatic normalization + regime mapping. Different inputs live on different scales. The script standardizes your chosen source and maps it into clear regimes (e.g., Bull / Bear / Neutral) without you micromanaging thresholds each time.
- Rolling, bar‑by‑bar learning. Transition tendencies are computed from a rolling window of confirmed bars. What you see is exactly what the market did in that window.
- Fast experimentation. Switch the source, adjust the window, and the Markov view updates instantly. It’s a rapid way to test ideas and feel regime persistence/switch behavior.
Integrate your own signals (using input.source())
- In settings, choose the Source . This is powered by input.source() .
- Feed it price, an indicator you compute inside the script, or a custom composite series.
- The script will automatically normalize that series and process it through the Markov engine, mapping it to regimes and updating the on‑chart spheres/arrows in real time.
Credits:
Deep gratitude to @RicardoSantos for both the foundational Markov chain processing engine and inspiring open-source contributions, which made advanced probabilistic market modeling accessible to the TradingView community.
Special thanks to @Alien_Algorithms for the innovative and visually stunning 3D sphere logic that powers the indicator’s animated, regime-based visualization.
Disclaimer
This tool summarizes recent behavior. It is not financial advice and not a guarantee of future results.
Precise Wick Boxes with Full CustomizationThis Pine Script draws precise wick-based boxes to visualize buying and selling pressure.
Green candles (buyers): If the lower wick is proportionally large compared to the candle body, a box is drawn with different strength levels (Strong Buyer, Buyer Active, Buyer Present).
Red candles (sellers): Similarly, if the upper wick is large, a box is drawn showing (Strong Seller, Seller Active, Seller Present).
Boxes are fully customizable (width, colors, texts, offsets, text size).
This helps traders quickly identify strong buyer and seller reactions.