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50level

Moving 50% Level TrackerIntroducing 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.
Pine Script® indicator
by mooncrawler22
Updated

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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