by 
This indicator overlays an intraday SPX and ES chart with a midnight session range, regular-trading-hours opening levels, and a VWAP projection box. It draws the midnight high, mid, and low, flags edge rejections within an absolute tolerance, and plots optiona
Indicator · Pine Script v5 · On the chart
Markov Regime - Bull / Bear / Sideways
This indicator classifies each bar as bull, bear, or sideways from a rolling log return compared with adjustable percentage thresholds.
GitHub stars493on the repository
Pine versionv5runs as is
Lines of code410
Settings14inputs
LicenceCustom licence
Last update5 months ago20 May 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
Markov Regime - Bull / Bear / Sideways paints a regime ribbon on the price chart, shows a current-regime banner, and labels state changes after a minimum hold. From visible chart history it estimates a three-by-three transition matrix and a stationary distribution, both drawn as corner tables. Lookback, thresholds, iteration count, and table positions are user settings. It does not place trades.
- Rolling log-return regime labels
- Bull, bear, and sideways ribbon
- Current-regime banner
- 3x3 transition matrix table
- Stationary distribution table
Details
Published by
jackson-video-resources on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Trend, Screeners & dashboards
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 |
|---|---|---|---|
| Lookback window (bars) | int | 20 | lookback_window |
| Bull threshold (%) | float | 5.0 | bull_threshold_pct |
| Bear threshold (%) | float | 5.0 | bear_threshold_pct |
| Stationary power (iterations) | int | 50 | stationary_power |
| Show regime ribbon | bool | true | show_regime_ribbon |
| Show current-regime banner | bool | true | show_regime_banner |
| Show transition matrix | bool | true | show_matrix_table |
| Show stationary distribution | bool | true | show_stationary_table |
| Label state transitions on chart | bool | true | show_transition_labels |
| Table text size | string | huge | table_text_size |
| Min bars a regime must hold to be labelled | int | 4 | min_regime_hold |
| Banner position | string | top_left | banner_position_input |
Show all 14 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Matrix position | string | top_right | matrix_position_input |
| Stationary position | string | bottom_right | stationary_position_input |
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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