Step Chart Indicator for Tracking Price Moves and Trend Changes

Summary

The Step Chart Separate indicator tracks price changes in pips and marks when a move is large enough to create a new step. This version plots its values in a separate window, which is intended to make changes in trend easier to observe alongside price action.

The description does not specify the threshold for forming a step, the calculation details, or how the indicator might be used to generate entries or exits. It provides no examples, backtest results, or assessment of performance. Traders would need to inspect the indicator settings and test its behavior across instruments and market conditions before relying on it.

Key ideas

• The indicator monitors price movement in pips and identifies when a new step forms.
• It displays the step values in a separate chart window.
• The separate display is intended to make trend changes easier to see.
• The description gives no threshold, trading rules, or performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.