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
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.