Finally, A Momentum Indicator That Isn't Lying to You - PineTrades - video Dailymotion

Pine Trades

Unlock clearer market phases with the Step Channel Momentum Trend indicator 🎯. Unlike smoothed tools that lag, this “structure-first” framework tracks confirmed pivot highs / lows with a snapping staircase centre line . ATR-powered volatility bands widen or contract with price energy, while candle colours—🟢 above the band, 🔴 below, 🟠 within—instantly reveal trend strength versus chop. Tweak the Length setting to fit scalps or multi-day swings, trade breakouts when orange flips to colour, and use the midline as a dynamic profit magnet. Fewer false signals, more decisive momentum calls—perfect for forex, indices, or crypto charts. 📈 See the market in high definition and trade with confidence today.  Indicators used  Step Channel Momentum Trend (ChartPrime) Average True Range (ATR) Relative Strength Index (RSI) Moving Average Convergence Divergence (MACD)  Tradingview: https://www.tradingview.com/?aff_id=154835  DISCLAIMER The information presented in this video is for educational and entertainment purposes only and is not financial advice. I am not a financial advisor. Forex and crypto trading is highly speculative and risky. It is only suitable for those who understand, and are willing to take on, the financial and other risks involved, and who have the resources to withstand losses that may be significantly greater than any deposits you have made.

Transcript

00:00This is a video about a unique trading indicator known as Step Channel Momentum Trend by ChartPrime.

00:06It's a tool that you can use to really tell the difference between a strong,

00:10directional trend and a choppy sideways market. We're going to go over what this indicator is

00:16and how you can use it in your trading. If you happen to find value in this video,

00:20remember to leave a like. Now, to get started with this indicator, you first of all want to

00:24go to TradingView, the trading platform that I'm going to be using. If you need to sign up,

00:28there's a link in the video description for you to do that. Next, you want to load any chart you like

00:33and click on indicator, then type in Step Channel Momentum Trend. It's going to be this one by ChartPrime.

00:41Ladies and gentlemen, this is the all-powerful Step Channel Momentum Trend indicator. It's a complete

00:47momentum framework that adapts to market structure and volatility in real time. See, a lot of the

00:53frustration with traditional momentum indicators like RSI or MACD comes from one thing.

00:58Smoothing. They rely on smoothing to filter out noise, but that very same smoothing is what causes

01:04lag, which means by the time you get a confirmation signal, the move is already halfway done. This

01:09indicator is designed to tackle that problem head-on with what they call a structure-first approach.

01:16So, let's break down what we're looking at. The center-loof

01:19batch acts like a staircase for the price. You'll notice it doesn't curve or smooth like a regular

01:27moving average. Instead, it holds its level horizontally and only snaps up or down when the

01:33market creates a new confirmed pivot high or pivot low. This is the key. It isn't just reacting to every

01:39little price move. It waits for a genuine structural shift before it updates, which is how it avoids a

01:45ton of that lag and noise. Wrapped around this core midline are two dynamic volatility bands.

01:51These bands are calculated using the Average True Range, or ATR. So, they get wider when the market is

01:57volatile and tighter when the market gets quiet. And finally, the most intuitive part is the candle

02:03coloring. When the price moves above the upper volatility band, the candles turn green, signaling

02:08strong, bullish momentum. When the price drops below the lower band, the candles turn red for

02:13bearish momentum. And if the price is just chopping around between those two bands, the candles will

02:18turn orange, which is your clear signal that the market is in a low momentum sideways range. You'll

02:24also spot these little diamond symbols on the chart, which pop up to mark the exact pivot points that

02:29cause the midline to snap to a new level. Next, if we pop into the settings, you'll see you can

02:35customize this tool. The main setting you'll want to pay attention to is the length. This basically

02:40controls how sensitive the indicator is to forming those new pivots. If you're a swing trader who holds

02:46positions for longer, you might want to increase this length. That makes it less sensitive and requires

02:51a bigger, more significant move to confirm a new pivot. But if you're a scalper or a short-term day trader,

02:58you might prefer a lower length value. This makes the indicator more sensitive to smaller price

03:02swings, allowing you to spot potential shifts much faster. You can really tailor it to your

03:07own trading timeframe. So how do we actually trade with this indicator? The most obvious way is to use

03:14the colors to understand the market phase. When you see the candles flip from orange to green, it shows

03:19that after a period of consolidation, the bulls have likely taken control and are pushing the price to

03:24the upside. For a bullish setup, you could wait for that breakout from the orange range and once a green

03:30candle forms, that's your potential entry signal. You could then place your stop loss below the recent

03:35structural low of the range and let the trade run. And for a bearish setup, it's the exact opposite.

03:46You're watching for the market to go from that choppy orange state to a clear red colored candle.

03:51This shows that bearish momentum is taking over. Once that red candle appears, that could be your

03:56signal to look for a short position with your stop loss placed above the most recent swing high.

04:05What's also really interesting is that the center midline itself often acts as an equilibrium point

04:10or a magnet for the price. So in a trending move, you might see the price pull back towards that midline,

04:16which could act as a potential take profit level or even an area to look for a reentry.

04:21In summary, the step channel momentum trend indicator gives you a really clear

04:26visual map of the market phases. By baking structure and volatility right into the indicator,

04:31you'll know when to sit out, when to enter with momentum and when to lean into an established trend,

04:36all with a lot less guesswork. It's a clean, powerful tool to have in your setup, whether you're trading

04:41trends or breakouts. Of course, remember this is not financial advice. The strategy shown is made

04:47up only of indicators and it's just an educational example to show how the tool works. You should

04:52always add your own price action or fundamental analysis to make informed trading decisions.

04:57If you found value in this video, remember to leave a like or even better, consider subscribing to

05:02stay tuned. Thanks for watching. See you next time.

Finally, A Momentum Indicator That Isn't Lying to You - PineTrades

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