OPEN-SOURCE SCRIPT
Updated Moving 50% Level Tracker
Introducing the Moving 50% Midpoint Indicator – A Game-Changer for Your Trading Strategy!
Are you looking for a simple yet powerful tool to enhance your trading? The Moving 50% Midpoint Indicator is designed to dynamically track the fair value of the market, giving you an edge in identifying key areas of support and resistance.
🔹 How It Works:
- This indicator calculates the midpoint between the daily high and low and only updates when a new high or low is formed.
- It resets at the start of each trading day, ensuring fresh and relevant levels.
- The line acts as a dynamic equilibrium, showing where buyers and sellers agree on price.
🔹 Why Use It?
Identify Premium & Discount Zones – When price is above the line, the market is in premium, indicating a potential sell zone. When price is below, it's in discount, signaling a potential buy zone.
Reliable Support & Resistance – The midpoint naturally serves as strong support/resistance, helping traders anticipate reversals and trend continuations.
Works in Any Market – Whether you trade stocks, forex, crypto, or futures, this indicator is a must-have for price action traders.
💡 Stop guessing where the market is balanced! Use the Moving 50% Midpoint Indicator to refine your entries, exits, and overall market bias.
Are you looking for a simple yet powerful tool to enhance your trading? The Moving 50% Midpoint Indicator is designed to dynamically track the fair value of the market, giving you an edge in identifying key areas of support and resistance.
🔹 How It Works:
- This indicator calculates the midpoint between the daily high and low and only updates when a new high or low is formed.
- It resets at the start of each trading day, ensuring fresh and relevant levels.
- The line acts as a dynamic equilibrium, showing where buyers and sellers agree on price.
🔹 Why Use It?
Identify Premium & Discount Zones – When price is above the line, the market is in premium, indicating a potential sell zone. When price is below, it's in discount, signaling a potential buy zone.
Reliable Support & Resistance – The midpoint naturally serves as strong support/resistance, helping traders anticipate reversals and trend continuations.
Works in Any Market – Whether you trade stocks, forex, crypto, or futures, this indicator is a must-have for price action traders.
💡 Stop guessing where the market is balanced! Use the Moving 50% Midpoint Indicator to refine your entries, exits, and overall market bias.
Release Notes
Updated Chart to show a better exampleRelease Notes
Better Chart to show best example.Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.