Hemera Regime Switch PRO v1.1

Hemera Regime Switch PRO v1.1

Hemera Regime Switch PRO v1.1 is a market regime classification tool designed to help traders identify the current market environment before selecting execution strategies.

Rather than generating direct trade signals, the script evaluates multiple structural and volatility-based conditions to classify price behavior into distinct regimes. The primary objective is to support decision-making by providing context about market structure.

Design Philosophy — Why Multiple Components Are Combined

Market regimes cannot be reliably identified using a single indicator. Each analytical component measures a different dimension of price action:

EMA(200) positioning defines directional bias.

EMA slope percentage evaluates structural trend momentum over a defined lookback period.

ADX measures trend strength independently from direction.

Bollinger Band Width% identifies volatility compression and expansion phases.

ATR% normalized to price evaluates relative volatility conditions.

The regime classification is produced by combining these factors into a unified framework, allowing the script to distinguish between structural market states rather than isolated signals.

Regime Classification Logic

The script continuously evaluates conditions and assigns one of four regimes:

SQUEEZE

Detected when Bollinger Band Width% falls below a compression threshold. This reflects reduced volatility and consolidation conditions.

EXPANSION

Assigned when Bollinger Band Width% exceeds a defined expansion threshold, indicating increased volatility and directional movement potential.

TREND

Detected when ADX exceeds the trend threshold and EMA slope confirms directional strength, while compression conditions are absent.

RANGE

Assigned when neither trend nor expansion conditions are met, suggesting a more balanced or mean-reverting environment.

Squeeze Box Structure (Non-Repainting Logic)

When compression conditions are detected:

The script builds a dynamic Squeeze Box using confirmed bar data.

The box tracks consolidation boundaries and extends forward after compression ends.

Breakout detection occurs only after confirmed candle closes to reduce false triggers.

This workflow is designed to emphasize structural observation rather than predictive signals.

Breakout and Retest Detection

After a confirmed breakout:

Breakout direction is recorded.

A configurable retest window allows identification of structural retests when price revisits breakout levels and holds.

This provides a structured sequence:

Compression → Breakout → Retest → Continuation evaluation.

Multi-Timeframe Alignment (v1.1)

Version 1.1 introduces higher timeframe alignment:

Current timeframe bias (price relative to EMA)

Higher timeframe bias using EMA comparison via request.security

Alignment states:

STRONG BULL — both timeframes bullish

STRONG BEAR — both timeframes bearish

MIXED — timeframes disagree

This feature is intended to visualize directional context across timeframes.

Confidence Score

A confidence value (0–100) is derived from weighted internal conditions, including regime classification, ADX strength, and volatility state.
The score reflects contextual agreement between internal metrics rather than predictive probability.

Dashboard Panel

The integrated panel displays:

Current regime classification

Directional bias

Strategy context (“playbook” guidance)

Multi-timeframe alignment

ADX and EMA slope

Bollinger Band Width%

ATR-based volatility state

Confidence score

Alerts

Available alert conditions include:

Squeeze breakout events

Breakout retest confirmations

Generic regime changes

Specific regime transitions (e.g., Squeeze → Expansion)

Alerts are generated using confirmed bar logic.

Intended Use

This tool is designed for traders who want to:

Identify market structure before choosing strategy type

Avoid trend-following during range or compression conditions

Observe volatility transitions and structural breakouts.

Disclaimer

This script is provided for educational and informational purposes only. It does not constitute financial advice or guarantee trading results. Trading involves risk and users are responsible for their own decisions and risk management.