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hightrendTechnical Indicator

TrendStepper

The TrendStepper is a trend indicator that creates a "stepping" support or resistance level that trails price. Similar to SuperTrend, it clearly defines trend direction and provides dynamic trailing stops.

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TrendStepper TradingView chart
Performance Metrics
Historical backtesting results
75.9%
Win Rate
2.80
Profit Factor
3.6%
Max Drawdown
$287
Avg Trade
Based on 253 trades

About This Algorithm

STEP-BASED TREND FOLLOWING

Quick Facts:

  • Category: Trend Following
  • Markets: Trending markets
  • Timeframes: 15min, 1H, 4H, Daily

Overview

The TrendStepper is a trend indicator that creates a "stepping" support or resistance level that trails price. Similar to SuperTrend, it clearly defines trend direction and provides dynamic trailing stops.

When the step level is below price (support), the trend is up. When above price (resistance), the trend is down. Trend flips when price crosses the step level.


How It Works

STEP CALCULATION Dynamic trailing level:

UPTREND:

  • stepLevel = High - (ATR × stepMult)
    • Only moves up, never down
    • Floor at previous step

DOWNTREND:

  • stepLevel = Low + (ATR × stepMult)
    • Only moves down, never up
    • Ceiling at previous step

TREND DIRECTION Clear directional signal:

  • Uptrend: Price above step level
    • Downtrend: Price below step level
    • Flip: Price crosses step level

ENTRY SIGNALS Multiple entry modes:

  • STEP FLIP: Enter on trend change
    • PULLBACK: Enter on pullback to step in established trend
    • BOUNCE: Enter on rejection at step level

Key Parameters

STEP:

  • stepMult (2.0): ATR multiplier for step distance
    • stepMethod ("ATR"): "ATR", "Percent", or "Ticks"
    • stepPeriod (14): ATR/calculation period

ENTRY:

  • entryMode ("StepFlip"): "StepFlip", "Pullback", "Bounce"
    • pullbackConfirm (2): Bars for pullback confirmation

Best Use Cases

✅ TREND DIRECTION clarity ✅ TRAILING STOP generation ✅ TREND FOLLOWING entries ✅ TREND REVERSAL detection

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What you get with source code:

  • Complete Pine Script v5 source code
  • Lifetime ownership - no recurring fees
  • Full customization rights
  • Use on your own TradingView account
PlatformTradingView
Subscription AccessTradingView Invite
One-Time PurchaseSource Code
LicensePersonal Use

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