Know the Market Regime Before You Take the Trade.
The Markov Regime Probability Matrix helps you view whether confirmed price behavior is Bull, Bear, or Sideways—and how those conditions have historically transitioned on your chart.
Free public indicator available through TradingView. Educational market analysis only. No guaranteed signals or performance promises.Dashboard illustration. Actual probabilities calculate from your chart settings and available chart history.
Not Every Chart Should Be Traded the Same Way.
A strategy designed for a trending market can struggle in choppy conditions. The first question is not always “What do I buy?” Sometimes the better question is: “What kind of market am I looking at?”
See the Current Regime
View whether confirmed price behavior is currently classified as Bull, Bear, or Sideways based on your selected settings.
Study Transitions
Review how often prior chart regimes remained in place or shifted to another condition on the following confirmed bar.
Add Context to Decisions
Use market environment, sample counts, and probability readings alongside your own chart review and risk plan.
What You Can View on the Chart
The dashboard is designed to give you a clear way to organize market context before acting.
- Confirmed Bull, Bear, or Sideways regime banner.
- Optional background shading and regime-change labels.
- Historical regime-transition probability matrix.
- Sample counts and Limited/Ready data status.
- Estimated longer-run regime mix and confirmed-regime alerts.
A Simple Four-Step Market Review
Add the Indicator
Open the free indicator through GlennTrading on TradingView and add it to your chart.
Select the Chart
Choose your symbol and timeframe. Results depend on that market and chart history.
Review Context
Read the current regime, transition percentages, sample counts, and data status.
Plan Risk
Use the context alongside entry rules, stops, risk limits, and independent analysis.
Market Context, Not a Magic Signal.
The indicator is built to help organize historical chart behavior. It does not tell you what to buy or guarantee what happens next.
What It Is
- A visual market-regime analysis tool.
- A Bull, Bear, and Sideways framework.
- A historical transition probability dashboard.
- A tool to support disciplined chart review.
What It Is Not
- Not a guaranteed predictor of future movement.
- Not an automatic buy-or-sell signal service.
- Not a complete trading strategy or backtest.
- Not financial or investment advice.
Build a Better Pre-Trade Routine.
Use the Market Regime Trading Worksheet with the indicator to record the market environment, review historical transitions, and define your risk before you act.
Available as a free companion resource from StockMags. Educational content only; not financial advice.
Worksheet Includes
- Current Bull, Bear, or Sideways regime check.
- Transition probability and sample-size review.
- Entry, stop, target, and maximum-risk fields.
- Final “Does this setup fit this market?” prompt.
Before Your Next Setup, Look at the Market Environment.
Use the Markov Regime Probability Matrix to review confirmed Bull, Bear, and Sideways conditions as one additional layer of chart context.
Need a TradingView Account or Want to Explore Plans?
The Markov Regime Probability Matrix was created for TradingView charts. You may explore TradingView plans through the disclosed StockMags refer-a-friend link.
Referral Disclosure: This is a TradingView refer-a-friend link. Eligible referral benefits are governed by TradingView’s current program terms. StockMags may receive a subscription reward at no additional cost to you.
FAQ
Is the indicator free to use?
Yes. It is publicly available through the GlennTrading publication on TradingView for users to add to their charts.
Can I see the source code?
No. It is published as a protected-source public script, which means users may use it freely while the source code remains private.
Does it give buy or sell signals?
No. It is designed to provide market-regime context and historical transition readings, not automatic trade instructions.
Why can readings change?
Readings depend on the symbol, timeframe, chart history, lookback window, and threshold settings chosen by the user.
Educational Disclaimer: StockMags content and the Markov Regime Probability Matrix are provided for educational and informational purposes only and should not be considered financial, legal, tax, or investment advice. Historical market behavior and transition probabilities do not guarantee future results. Trading and investing involve risk, including possible loss of capital.
Markov Regime Probability Matrix is published as a protected-source public indicator by GlennTrading on TradingView. TradingView is a third-party platform and is not affiliated with or responsible for StockMags educational content. This page contains a disclosed TradingView refer-a-friend link; eligible activity may provide referral benefits under TradingView’s program terms.