50% Candle Retrace

Key Features:
Timeframe: Works on all timeframes.
Line Color: Customize the line color to suit your charting preferences.
Line Width: Adjust the thickness of the retracement line for better visibility.
Line Style: Choose between solid, dotted, or dashed lines.
Up/Down Candle Selection: Option to only display retracement lines for up (bullish) candles, down (bearish) candles, or both.
Full Customization: Control the transparency (opacity) of the line for enhanced visual clarity.
Simple Setup: No complicated settings – simply choose your preferred color, line style, and visibility options.
This indicator is perfect for traders who prefer to use price action and retracement levels to identify potential trade opportunities.
How It Works:
The indicator automatically calculates the 50% level (midpoint) for each candlestick, drawing a line at this level. It will only draw lines for candles that match your chosen criteria (up or down candles), ensuring the chart remains clean and relevant to your trading strategy. Lines are automatically removed as soon as price crosses them.
Key Features:
Timeframe: Works on all timeframes.
Line Color: Customize the line color to suit your charting preferences.
Line Width: Adjust the thickness of the retracement line for better visibility.
Line Style: Choose between solid, dotted, or dashed lines.
Up/Down Candle Selection: Option to only display retracement lines for up (bullish) candles, down (bearish) candles, or both.
Full Customization: Control the transparency (opacity) of the line for enhanced visual clarity.
Simple Setup: No complicated settings – simply choose your preferred color, line style, and visibility options.
This indicator is perfect for traders who prefer to use price action and retracement levels to identify potential trade opportunities.
How It Works:
The indicator automatically calculates the 50% level (midpoint) for each candlestick, drawing a line at this level. It will only draw lines for candles that match your chosen criteria (up or down candles), ensuring the chart remains clean and relevant to your trading strategy. Lines are automatically removed as soon as price crosses them.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Per un accesso rapido a un grafico, aggiungi questo script ai tuoi preferiti: per saperne di più clicca qui.
Declinazione di responsabilità
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Per un accesso rapido a un grafico, aggiungi questo script ai tuoi preferiti: per saperne di più clicca qui.