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mediumTrend & Momentum

Tradehook.tech-MTMGBS-TrendStepper

Adaptive step-based trend following system that uses a stepped price channel methodology. Unlike traditional moving averages that lag price action, TrendStepper only changes direction when price moves a specified number of ticks away from the current trend value.

Key Features
Volatility-adaptive trend detection
Step-based price channel methodology
Noise filtering for cleaner signals
Dynamic trailing stop values
Cloud shading visualization
Customizable step size
Multi-timeframe compatible
Real-time direction alerts
About This Indicator

Tradehook.tech-MTMGBS_TrendStepper

Adaptive Step-Based Trend Following System

Category: Trend Detection | Overlay: Yes | Complexity: ⭐⭐⭐

Description

TrendStepper is a volatility-adaptive trend identification system that uses a stepped price channel methodology. Unlike traditional moving averages that lag price action, TrendStepper only changes direction when price moves a specified number of ticks away from the current trend value, filtering out market noise while capturing significant directional moves.

Core Logic

IF Close > TrendValue + (StepSize × TickSize) THEN
    TrendValue = Close - (StepSize × TickSize)
    Direction = BULLISH
ELSE IF Close < TrendValue - (StepSize × TickSize) THEN  
    TrendValue = Close + (StepSize × TickSize)
    Direction = BEARISH
ELSE
    Maintain Previous State

Key Parameters

ParameterDefaultRangeDescription
stepSize101-100Number of ticks required to trigger trend change
showCloudtrue-Display trend cloud shading
bullColorlime-Color for bullish trend
bearColorred-Color for bearish trend

Signal Interpretation

  • Green Line Rising: Strong bullish trend, price clearing resistance
  • Red Line Falling: Strong bearish trend, price breaking support
  • Flat Line: Consolidation/ranging market, stay cautious
  • Direction Flip: Potential reversal, watch for confirmation

Best Use Cases

✅ Trend following entries (buy on bullish flip, sell on bearish flip)
✅ Trailing stop placement (use TrendStepper value as dynamic stop)
✅ Position bias filter (only trade in direction of TrendStepper)
✅ Exit signal (exit when trend flips against position)

Pro Tips

  • Scalping (1-5min): Use stepSize 5-10
  • Day Trading (15-60min): Use stepSize 10-20
  • Swing Trading (4H-Daily): Use stepSize 20-40
  • Combine with volume confirmation for higher probability trades
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PlatformTradingView
Subscription AccessTradingView Invite
One-Time PurchaseSource Code
LicensePersonal Use

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