Price Step Channel [BigBeluga]

10. Feb.

Price Step Channel is designed to provide a structured look at price trends through a dynamic step line channel, highlighting trend direction and volatility boundaries.

🔵 Key Features:

• Step Line with Boundaries: The central step line adjusts with price movements, creating upper and lower boundaries based on price volatility. The channel is green during uptrends and red during downtrends, visually signaling the trend’s direction.
  
• Fakeout Markers: "✖" markers identify potential fakeouts—moments when the price breaches the channel boundary without confirming a trend change. These markers help you spot possible mean reversion points.
  
• Dynamic Boundary Labels: Labels at the end of the channel show the price levels of the upper and lower boundaries. In uptrends, the upper label turns green; in downtrends, the lower label turns red, providing an instant read on the trend's direction.
  
• Customizable Display: You can toggle off the boundaries and labels for a cleaner view, focusing only on the step line and its color-coded trend signals.
  

🔵When to Use:
Price Step Channel is ideal for traders looking to follow structured trends with defined volatility boundaries. The step line and color-coded channel provide clear trend insights, while the fakeout markers and customizable display options enhance flexibility in different market conditions. Whether you’re focusing on clean trend signals or detailed boundary interactions, this tool adapts to your style.

10. Feb.

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