Trend Step Channel [BigBeluga]

🔵 OVERVIEW
Trend Step Channel [BigBeluga] identifies directional bias by forming a dynamic volatility-based step channel. It detects trend shifts when candle lows close above the upper band (bullish) or when candle highs drop below the lower band (bearish). A step-style midline tracks the trend evolution, while an integrated dashboard shows price positioning percentages across multiple timeframes.

🔵 CONCEPTS

• ATR-Based Channel — The indicator constructs upper and lower channel boundaries using ATR distance around a single adaptive trend line, providing automatic scaling with volatility.
  
• Trend Direction Logic —
  • Low above upper band → uptrend confirmation.
  • High below lower band → downtrend confirmation.
  
• Step Trend Line — A reactive midline that locks onto price swings, stepping upward or downward as new trend confirmations occur.
  
• Channel Width — Defines the total volatility range around the midline; a wider channel smooths market noise, while a narrower one reacts faster.
  
• Price Position Ratio — Calculates the relative position of the close within the channel, from 0% (bottom) to 100% (top).
  

🔵 FEATURES

• Volatility-Adaptive Channel — Expands and contracts dynamically to match market volatility, maintaining consistent distance scaling.
  
• Configurable MA Source — Choose from SMA, EMA, SMMA, WMA, or VWMA as the base smoothing method.
  
• Color-Coded Step Line —
  • Green indicates an uptrend.
  • Orange indicates a downtrend.
  
• Channel Fill Visualization — Semi-transparent fills highlight active volatility zones for clear trend identification.
  
• Price Position Label — Displays a “<” marker and percentage at the channel edge showing how far the current close is from the lower or upper band.
  
• Multi-Timeframe Dashboard —
  • Displays alignment across 1H–5H charts.
  • Each cell shows an arrow (↑ / ↓) with price % positioning.
  • Cell background color reflects bullish or bearish bias.
  
• Real-Time Updating — The channel, midline, and dashboard refresh dynamically every bar for continuous feedback.
  

🔵 HOW TO USE

• Trend Confirmation —
  • Bullish trend forms when candle low closes above the upper band.
  • Bearish trend forms when candle high closes below the lower band.
  
• Trend Continuation — Maintain bias while the step line color remains consistent.
  
• Volatility Breakouts — Sudden candle breaks outside the band suggest new directional strength.
  
• Dashboard Alignment — Confirm trend consistency across multiple timeframes before entering trades.
  
• Entry Planning — In uptrends, consider entries near the lower band; in downtrends, focus on upper-band rejections.
  
• Price Position Insight — Use the % label to judge whether price is extended (near 100%) or compressed (near 0%) within the channel.
  

🔵 CONCLUSION
Trend Step Channel [BigBeluga] delivers a precise, volatility-driven view of trend structure using ATR-based boundaries and a step-line framework. The integrated dashboard, color-coded channel, and live positioning metrics give traders a complete picture of market direction, trend strength, and price location within evolving conditions.