Developing Indicators for Modern Market Structure
At Matrix Trading Research, our indicators are designed to support disciplined decision-making rather than short-term prediction. We focus on developing tools that help traders better understand market structure, volatility conditions, and broader regime behavior across different environments.
Each indicator is built from first principles using Pine Script on TradingView, allowing for full transparency in how calculations are performed and how outputs are generated. Our development process emphasizes clarity, robustness, and adaptability across multiple asset classes and timeframes.
Before publication, indicators are tested extensively across historical data to evaluate behavior in trending, ranging, high-volatility, and low-volatility conditions. This process helps ensure that each tool provides consistent contextual insight rather than isolated signals. We prioritize how indicators behave over full market cycles, not just during favorable periods.
All indicators are published publicly on TradingView, accompanied by clear documentation explaining what they measure, why they matter, and how they can be responsibly integrated into a broader trading process. Our goal is not to offer trade recommendations, but to provide structured frameworks that traders can use to better align risk, timing, and market context.
We believe indicators are most effective when they are used as part of a process — helping traders identify favorable conditions, avoid structurally weak environments, and maintain consistency over time.
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The Indicators
Structural Trend Integrity Score (STIS)
The Structural Trend Integrity Score (STIS) is a market structure and regime analysis indicator designed to measure the health, stability, and durability of a price trend. Rather than focusing on momentum, overbought conditions, or short-term price fluctuations, STIS evaluates whether a trend is supported by consistent and organized structural behavior. Its purpose is not to predict direction, but to determine whether current market conditions are favorable for sustained participation.
STIS analyzes multiple dimensions of trend behavior simultaneously, including trend alignment, time spent in structurally favorable positions, pullback depth and recovery quality, and overall trend smoothness. These elements are combined into a normalized score ranging from 0 to 100, allowing traders to view trend quality as a continuous spectrum rather than a simple trend or no-trend state. Higher values indicate organized and resilient structure, while lower values reflect increasing instability or breakdown beneath the surface.
STIS is best used as a context and risk framework rather than a trade signal. It helps traders decide when exposure is justified, when caution is warranted, and when market conditions are structurally inefficient for participation. By focusing on trend integrity instead of short-term price movement, STIS supports a more disciplined, process-driven approach to trading that prioritizes preparation, consistency, and long-term decision quality.
Compression to Expansion Early Warning (CEEWS)
The Compression → Expansion Early Warning System (CEEWS) is a volatility-structure and market-timing indicator designed to identify periods of price compression and to confirm when that compression transitions into directional expansion. Instead of attempting to forecast direction in advance, CEEWS focuses on measuring when market activity becomes statistically constrained and when stored energy begins to release into movement.
CEEWS evaluates multiple aspects of compression simultaneously, including volatility contraction, range tightening, candle overlap, and reference-level convergence. These factors are combined into a normalized Build score that reflects how tightly price action is compressed relative to its recent history. Elevated Build values indicate that the market is coiled and increasingly susceptible to movement, while expansion signals occur only when volatility increases and price breaks from its consolidation range.
CEEWS is intended to function as a timing and transition framework, not as a directional or trend indicator. It helps traders recognize when markets shift from quiet, low-activity phases into active expansion phases where directional movement is more likely to persist. When used alongside structural or regime-based tools, CEEWS supports a disciplined approach to participation that emphasizes timing, patience, and alignment with natural market cycles.