Market Regime Detector (1D RSI/ATR/MA) - Weekly Consensus

Market Regime Detector (1D RSI/ATR/MA) — Weekly Consensus
© Łukasz Wędel

🎯 Purpose
This indicator analyzes daily (1D) price data to determine the current market regime — Bullish, Bearish, or Choppy — and displays it on an intraday chart (e.g., 1H).
It acts as a higher‑timeframe trend filter, making trend‑following or range‑trading strategies more robust.

⚡️ How It Works

• RSI + ATR Method: Bullish if RSI > Bull Threshold and ATR > Threshold; Bearish if RSI < Bear Threshold and ATR > Threshold; Choppy if RSI is between thresholds and ATR <= Threshold
  
• Moving Averages Method: Bullish if Short‑term MA > Long‑term MA, Bearish if Short‑term MA < Long‑term MA, Choppy if MAs are neutral
  
• Final Regime Decision: Final regime is confirmed if the same state occurs in 5 out of the last 7 daily bars
  

🕓 Timeframe Compatibility
Works best when applied to a 1H chart (or any intraday timeframe). RSI, ATR, and MA calculations are sourced from the 1D timeframe.

🎨 Visual Output

• [green]Green background:[/green] Final regime is Bullish
  
• [red]Red background:[/red] Final regime is Bearish
  
• [yellow]Yellow background:[/yellow] Final regime is Choppy
  

🚨 Alerts
Three alert conditions available:

• Final Bull Regime
  
• Final Bear Regime
  
• Final Chop Regime
  

✅ Why Use This?

• Provides a higher‑level trend context for lower‑timeframe trading
  
• Reduces noise by focusing only on confirmed trend regimes
  
• Supports trend‑following and range‑trading strategies
  

🔥 Ideal For

• Swing traders relying on trend and volatility confirmation
  
• Day traders seeking trend context from higher timeframes
  
• Algorithmic strategies that benefit from higher‑level trend filtering