OPEN-SOURCE SCRIPT
CS 2.0 Hedge Fund Method
The indicator classifies market conditions using a rolling return window (default: 20 bars):
Bull: 20-bar cumulative return ≥ +5%
Bear: 20-bar cumulative return ≤ −5%
Sideways: Anything in between
Each completed regime is treated as a state in a Markov chain. The indicator records transitions from one state to the next and builds a 3×3 transition probability matrix, showing the likelihood of moving between Bull, Bear, and Sideways conditions.
Markov 2.0 Improvements
Bull: 20-bar cumulative return ≥ +5%
Bear: 20-bar cumulative return ≤ −5%
Sideways: Anything in between
Each completed regime is treated as a state in a Markov chain. The indicator records transitions from one state to the next and builds a 3×3 transition probability matrix, showing the likelihood of moving between Bull, Bear, and Sideways conditions.
Markov 2.0 Improvements
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.