Step Channel Momentum Trend [ChartPrime] TradingView

Currency Pairs: Any

Timeframes:  Any

Minimum Deposit: Any

Recommended Account Type: ECN or Raw Spread

Leverage: From 1:30 to 1:1000

Recommend broker: Roboforex
Recommend Vps: GoVPSFX
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Step Channel Momentum Trend [ChartPrime] (Pine Script v6) is a TradingView indicator that overlays a dynamic channel based on pivot highs and lows to identify momentum trends. It is designed for real-time market state analysis.

Key Features:

• Channel Configuration: Uses a pivot length (default 3) and multiplier (default 0.6) to calculate upper and lower bands, with a midline based on the average of pivot highs and lows.

• Momentum Detection: Identifies momentum up (green) when price exceeds the upper band and momentum down (red) when below the lower band, with an orange neutral state.

• Visuals: Plots the midline (colored by trend), upper/lower bands, and momentum candles, with pivot markers and a real-time market state label.