OPEN-SOURCE SCRIPT

Mid-Body 50% Candles – Support/Resistance with Confirmation

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How it works:
– Calculates the mid-body (open+close)/2 of the previous candle.
– Bullish candle → potential SUP level.
– Bearish candle → potential RES level.
– Optional next-bar confirmation (close above/below the mid-body).
– Filters available: ATR size, swing detection, upper/lower wick %.
– Lines extend until broken or removed.
– Alerts available for: level creation, touch and break.

Use cases:
– Confirm candle rejections (pin bars).
– Filter false breakouts.
– Refine entries/exits for scalping or swing trading.

What makes it unique:
Unlike generic Fibonacci or candle tools, this script focuses exclusively on the 50% body level with confirmations and multiple filters, making it more precise for price action decision points.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.