This indicator combines a dynamic Seasonal Random Index (SRI) with a dynamic Karobein Oscillator and a pattern-similarity search algorithm in a separate pane. It normalizes SRI into seasoned and deseasoned series, shading the area green or red to signal trend
Indicator · Pine Script v5 · Own pane
HMM V2 Regime
Classifies the market into bull, bear, range and chop regimes with a hidden Markov style model in a separate pane.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code240
Settings14inputs
LicenceNone stated
Last updateyesterday28 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Three standardised inputs, trend, volatility and ADX, are scored against configurable regime means and variances that can be pasted from an external training step. A self-transition probability sets how sticky regimes are, with an optional session boost outside 07:00 to 17:00 UTC and an optional VIX confidence overlay. Bars can be coloured by regime and an information table is available.
- Four regimes: bull, bear, range, chop
- Trend, volatility and ADX inputs
- Pasteable means and variances
- VIX confidence overlay
- Regime bar colouring
Details
Published by
rellis3 on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Trend, AI / machine learning
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| BULL means [trendZ,volZ,adxZ] | string | 1.0,0.0,0.7 | i_bull_means |
| BEAR means [trendZ,volZ,adxZ] | string | -1.0,0.0,0.7 | i_bear_means |
| RANGE means [trendZ,volZ,adxZ] | string | 0.0,0.0,-1.0 | i_range_means |
| CHOP means [trendZ,volZ,adxZ] | string | 0.0,1.0,0.0 | i_chop_means |
| BULL vars [trendZ,volZ,adxZ] | string | 1.0,1.0,1.0 | i_bull_vars |
| BEAR vars [trendZ,volZ,adxZ] | string | 1.0,1.0,1.0 | i_bear_vars |
| RANGE vars [trendZ,volZ,adxZ] | string | 1.0,1.0,1.0 | i_range_vars |
| CHOP vars [trendZ,volZ,adxZ] | string | 1.0,1.0,1.0 | i_chop_vars |
| Self-prob (avg diagonal A matrix) | float | 0.90 | i_self_prob |
| Sticky outside 07:00–17:00 UTC | bool | true | i_session_boost |
| Apply VIX confidence overlay | bool | true | i_vix_overlay |
| VIX symbol | string | CBOE:VIX | i_vix_src |
Show all 14 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Show info table | bool | true | i_show_table |
| Colour bars by regime | bool | true | i_bar_col |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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