Special thanks to Turicumo and Psychil for helping me write the code, both from my group.
Disclaimer: Nobody should use this indicator as a confirmation signal for entry/exit for your trades. Please message me on how to use this indicator correctly. This indicator was designed to be used in conjunction with my Steel Step strategy, hence the name.
This indicator simply gives a quick outlook of the market. This indicator is an ordinary table that shows you the trends. The default settings produce directions that are very similar to what I use for my strategy. You can change the settings as desired.
This indicator can be used on all charts and markets; crypto, commodities, forex, stock, indices, etc. It is suitable for intra-day traders, as well as HTF traders.
One way of using this is to enhance your information gathering on trends in order to understand the market structure or direction better. This indicator educates users on the market structure. Users can quickly break down the market into layers, analyze the layers and connect them all to understand the market as a whole. After users understand the market, users need to decide and choose a specific trend they want to trade. The basic idea is to flow with the market.
This indicator can be combined with EW theory to understand the market structure easily.
When I understand the whole market structure, it boosts my trading performance to the maximum.
Please comment below or message me if you have any questions. Enjoy!
Some people asked me how to trade using this indicator. Firstly, don't rely on indicators to trade. Then one simple way you can do it is to wait for a red trend. When the red trend turns green, enter long. Vice versa for short.