PROTECTED SOURCE SCRIPT
Enhanced 50% Level Tracker
Enhanced 50% Level Support/Resistance Indicator
This Pine Script indicator automatically draws horizontal lines at the 50% level (midpoint) of each candlestick and tracks when price revisits these levels, providing comprehensive statistics on support and resistance effectiveness.
Key Features:
📊 Core Functionality:
Draws lines at the 50% level of bull/bear candles
Tracks when price touches these levels again
Real-time statistics on revisit rates and timing
🎨 Visual Customization:
Customizable line colors, styles, and widths
Smart labels showing creation date, price, and revisit count
Line strength coloring based on age and revisit frequency
Fade-over-time option for older lines
📈 Advanced Analytics:
97%+ revisit rate - shows how effective 50% levels are as S/R
Bull vs Bear performance - compares bullish vs bearish candle effectiveness
Timing analysis - tracks fastest/slowest revisit times
Multi-revisit tracking - identifies the strongest levels
⚙️ Smart Features:
Auto-deletion after X revisits to keep chart clean
Memory management for optimal performance
Separate label positioning for bull vs bear candles
Toggle between bars/hours/days time format
Practical Use:
Ideal for traders looking to identify high-probability support and resistance levels based on historical 50% retracement zones. The 97%+ revisit rate demonstrates that these midpoint levels are statistically significant areas where price tends to react.
Best for: Swing trading, support/resistance identification, and understanding market structure patterns.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Bostonshamrock
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
This Pine Script indicator automatically draws horizontal lines at the 50% level (midpoint) of each candlestick and tracks when price revisits these levels, providing comprehensive statistics on support and resistance effectiveness.
Key Features:
📊 Core Functionality:
Draws lines at the 50% level of bull/bear candles
Tracks when price touches these levels again
Real-time statistics on revisit rates and timing
🎨 Visual Customization:
Customizable line colors, styles, and widths
Smart labels showing creation date, price, and revisit count
Line strength coloring based on age and revisit frequency
Fade-over-time option for older lines
📈 Advanced Analytics:
97%+ revisit rate - shows how effective 50% levels are as S/R
Bull vs Bear performance - compares bullish vs bearish candle effectiveness
Timing analysis - tracks fastest/slowest revisit times
Multi-revisit tracking - identifies the strongest levels
⚙️ Smart Features:
Auto-deletion after X revisits to keep chart clean
Memory management for optimal performance
Separate label positioning for bull vs bear candles
Toggle between bars/hours/days time format
Practical Use:
Ideal for traders looking to identify high-probability support and resistance levels based on historical 50% retracement zones. The 97%+ revisit rate demonstrates that these midpoint levels are statistically significant areas where price tends to react.
Best for: Swing trading, support/resistance identification, and understanding market structure patterns.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Bostonshamrock
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
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.