Directional Regime Filter

20 Oca

The Directional Regime Filter is a comprehensive tool designed to help traders identify the market’s dominant regime—bullish, bearish, or choppy/sideways. By blending a Jurik Moving Average (JMA), an RSI filter, an angle-based trend assessment, and multiple smoothing options, this indicator offers a refined approach to spotting trend direction and potential regime shifts. It highlights each regime visually on the chart, allowing you to quickly see when bullish or bearish momentum is emerging or fading.


Features:

• The Jurik Moving Average, known for its low lag and smooth responsiveness, allows the tweaking of length, phase, and power to reduce noise while capturing price action effectively.
  
• Relative Strength Index (RSI) with user-defined length and overbought/oversold levels serve as filters for trend confirmation.
  
• A trend threshold is used to decide if the angle of the moving average is strong enough to be considered bullish or bearish. If the angle remains below this threshold, the market is considered to be “choppy” or sideways.
  
• Multiple smoothing methods like EMA, Hull MA, RMA, WMA, or VWMA can be applied to the RSI and the trend angle calculations to further reduce whipsaws and noise.
  
• Customizable timeframe analysis.
  

Regime Classification:

• Bullish Regime: Displayed when the angle is positive beyond the set threshold and the RSI is bullish.
  
• Bearish Regime: Displayed when the angle is negative beyond the set threshold and the RSI is bearish.
  
• Choppy / Sideways Regime: Occurs when the angle does not exceed the threshold in absolute terms or does not meet RSI criteria.
  

Using the Directional Regime Filter:

• This indicator works best when combined with support/resistance levels, volume analysis, or other momentum tools for confirmation.
  
• Tailor the inputs for intraday, swing, or position trading to find an optimal balance between responsiveness and false signals.
  
• Sudden spikes in volatility can cause rapid changes in the trend angle. Keep an eye on the broader market context. Always manage your risk accordingly.
  

Disclaimer: This indicator is intended for informational and educational purposes only. It is not financial advice. Always perform your own analysis and due diligence. Past performance does not guarantee future results. Use at your own risk.

20 Oca

Sürüm Notları

Updated chart image.