Market Regime Filter for Bitcoin

A quick indicator that shows what type of market we are in.
To be used on Daily Charts.

The color gray shows we are lacking conviction and we are waiting for a move.

Red means bear market - stay out or reduce positions.

Green means it's a bull.

There's 2 levels of intensity. Regular bull (light green), Super Bull (dark green),
Regular bear (light red) and Super Bear (dark red).

To be paired with the volatility filter indicator - the best bull markets start with
low volatility and end with bubble characteristics (volatile Super Bull)