Candle High/Low & Mid Marker by Avish000
Candle High/Low & Mid Marker by Avish000
This indicator is designed to highlight high-probability trading zones when price interacts with the 200 EMA, helping traders spot precise entry levels using a structured, rule-based approach.
⚙️ Core Concept
When price crosses the 200 EMA, the indicator automatically marks key levels from the crossing candle:
🎯 Midpoint (50%) → Ideal limit entry zone
🔴 High (for bearish candles) → Potential stop loss level
🟢 Low (for bullish candles) → Potential stop loss level
It visually maps the exact candle structure so you don’t have to calculate anything manually.
🚀 Key Features
📈 200 EMA Cross Detection
Identifies both bullish and bearish crosses using closing price
📏 Dynamic High/Low Levels
Bearish candle → marks High
Bullish candle → marks Low
📍 Midpoint Level (50%)
Automatically calculates and plots the candle’s midpoint
Useful for limit order entries
➖ Clean Visual Dashes
Horizontal lines extend into the future for easy tracking
🏷️ Smart Labels
Displays:
H: for High
L: for Low
M: for Midpoint
Fully customizable colors, size, and font
⏱️ Multi-Timeframe Support
EMA can be calculated from a different timeframe (default: 3 min)
🎯 How to Use
Wait for price to cross the 200 EMA
Observe the marked levels:
Enter near Midpoint (M)
Place SL at High/Low (H/L)
Combine with your own strategy (RR, confirmations, etc.)
⚠️ Notes
Works best in trending markets
Avoid using in sideways/choppy conditions
Recommended for scalping and intraday setups
💡 Ideal For
Price action traders
EMA-based strategies
Scalpers looking for structured entries
🔧 Customization
Adjust EMA length
Change label styles, colors, and fonts
Control dash width and visibility
This indicator is designed to highlight high-probability trading zones when price interacts with the 200 EMA, helping traders spot precise entry levels using a structured, rule-based approach.
⚙️ Core Concept
When price crosses the 200 EMA, the indicator automatically marks key levels from the crossing candle:
🎯 Midpoint (50%) → Ideal limit entry zone
🔴 High (for bearish candles) → Potential stop loss level
🟢 Low (for bullish candles) → Potential stop loss level
It visually maps the exact candle structure so you don’t have to calculate anything manually.
🚀 Key Features
📈 200 EMA Cross Detection
Identifies both bullish and bearish crosses using closing price
📏 Dynamic High/Low Levels
Bearish candle → marks High
Bullish candle → marks Low
📍 Midpoint Level (50%)
Automatically calculates and plots the candle’s midpoint
Useful for limit order entries
➖ Clean Visual Dashes
Horizontal lines extend into the future for easy tracking
🏷️ Smart Labels
Displays:
H: for High
L: for Low
M: for Midpoint
Fully customizable colors, size, and font
⏱️ Multi-Timeframe Support
EMA can be calculated from a different timeframe (default: 3 min)
🎯 How to Use
Wait for price to cross the 200 EMA
Observe the marked levels:
Enter near Midpoint (M)
Place SL at High/Low (H/L)
Combine with your own strategy (RR, confirmations, etc.)
⚠️ Notes
Works best in trending markets
Avoid using in sideways/choppy conditions
Recommended for scalping and intraday setups
💡 Ideal For
Price action traders
EMA-based strategies
Scalpers looking for structured entries
🔧 Customization
Adjust EMA length
Change label styles, colors, and fonts
Control dash width and visibility
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.
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.