50%er by Tren10x

16 Şub 2023

50%er by Tren10x

This script that I created is simple & straight to the point: It will find the 50% levels of the previous candle for every timeframe.

● Daily
● Week
● Month
● Quarter
● Year
● Current timeframe selected

What current timeframe selected means is if you are on the 2 week chart, for example, you will get the 50% level of the previous 2 week candle. It will be marked with a "C" for current. You will still have the 50% levels of the major timeframes visible as well.

What is special about this script is it will not show the 50% levels on timeframes higher than what the halfback is meant to show. So if you are on the year timeframe, you will NOT see 50% levels for anything lower than that. This is so there are no awkward vertical lines on the chart where it is trying to squeeze in a daily 50% level on a year timeframe, which is of no use to an investor. If you're on the quarter timeframe, you will see everything higher than the quarter on your chart.

Happy trading!

Shoutout to the Alpha Pack! Lets get it.

Mamba out,
Tren10x

Disclaimer: Not Financial Advice and Not Guaranteeing 100% Profits. Use your own due dilligence and technical analysis.

16 Şub 2023

Sürüm Notları

Added the 20 min timeframe.

Will add timeframes as necessary.

Thanks Duane!

18 Şub 2023

Sürüm Notları

I have introduced an additional feature that empowers the user to exercise discretion in selecting from a set of four distinct, customized timeframes, in addition to the pre-existing default options.

25 Şub 2023

Sürüm Notları

See above!

27 Şub 2023

Sürüm Notları

* Fixed Vertical Lines when selecting odd timeframes on select timeframes. Read indicator menu to prevent this from showing.
* Changed Width to Dropdown options like the rest of the settings

15 Mar 2023

Sürüm Notları

• Added Alerts
(Choose between when price crosses or closes at your selected 50%er level)

17 Tem 2023

Sürüm Notları

Introducing an Exciting New Feature: Custom Proximity for the 50% Price on TradingView!

Are you tired of the 50% price level being too close to the candles on your TradingView charts? Or maybe you find it too far away to effectively analyze price action? I'm thrilled to announce my latest enhancement that allows you to customize the proximity of the 50% price to the candles, giving you even more control over your trading analysis.

With my innovative new feature, you can now adjust the distance between the 50% price level and the candles to suit your preferences.

Simply input a higher numerical value to create a wider gap between the price level and the candles. By giving you the ability to tailor this crucial aspect of your charts, I'm empowering you to take your trading analysis to new heights.

Enjoy.

9 Ağu 2023

Sürüm Notları

● Addressed the issue causing intermittent disruptions in the price scale display.

10 Kas 2023

Sürüm Notları

• Added "0" width option for line-free charts with only price display.

• Improved code for precise price distance from the last bar (The spacing between the price and the latest bar)

• Fixed bugs in custom timeframes for a smoother experience.

10 Kas 2023

Sürüm Notları

• Added options for 50% line extension: right, left, both, or none, for cleaner charts

26 Oca

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Version 2.4

Cleaned up how the script scans timeframes for 50% levels. Should be a little bit more optimized.

28 Oca

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Version 2.41

Fixed current TF 50%

30 Oca

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Version 2.5

Fixed bug in indicator settings.

4 Şub

Sürüm Notları

Feb 3, 2024

MASSIVE UPDATE


Version 3.0 Changelog Simplified:

New Features:

💠Live Adjustment: Added 50% lines that adapt with the live current daily candle. Also included similar features for the week, month, quarter, and year. Candles making new HOD/LOD will adjust the 50% live.

💠Previous Levels: Introduced customizable high and low levels for the previous day, week, month, quarter, and year.

💠Open and Close Levels: Added customizable open levels for the current day, week, month, quarter, and year. Also included customizable close levels for the previous day, week, month, quarter, and year.

💠Custom Labels: All labels are customizable, allowing users to use their own abbreviations or stick with defaults.

💠Line Drawing Options: Refined how lines are drawn, offering options like "None" (from candle to label), "Right" (extends right), "Left" (extends left), and "Both" (extends both ways).

💠Label Distance: Users can now choose how far they want labels and lines from the current candle, ensuring cleaner charts and organized levels.

💠Settings Layout: Reorganized the layout of the script settings for better usability.

4 Şub

Sürüm Notları

Version 3.01

Fixed issue with script not working on intraday timeframes. Custom timeframes removed for now.

8 Şub

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Version 3.03

💠Added Monday + Tuesday High/Low levels, as well as the 50% level. Great for those who wait to see how Monday and Tuesday prints before making a trade.

💠Added 1 custom timeframe. Best for Multiday and Intraday

💠Possible fix for multiple label glitch

💠Fixed and cleaned up anything else I caught

💠Added more timeframe resolutions to the code so the script will display on those. If there are any requests, feel free to reach out.

💠I am the only tester for this script. I don't have a group or team of testers so it is possible that you come across something that I may miss.

💠Enjoy

8 Şub

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Version 3.04

Misc Fixes. (See Changelog Above)

9 Şub

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Version 3.05

🏀 Custom timeframe can be used with any timeframe. Good for intraday, multi-day, or multi-month 50% levels.

9 Şub

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Version 3.05

🏀 See Above

11 Şub

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Version 3.06

Introducing FUTURES.

🏀 Midnight Open, NY Open, NY Close, and News Open levels now included w/ customizable time & timezones.

🏀 Fixed 6 Month 50% level calculation

🏀 Fixed Multi-Week 50% Vertical line bug

14 Şub

Sürüm Notları

Version 3.07

🏀 QOL Improvements ('Quick Switch' buttons to enable levels instantly)

🏀 Added label, line, & custom text for Future levels

🏀 Cleaned up anything else I caught.

16 May

Sürüm Notları

Version 3.08

🏀 Fixed Width of "0" for previous high/low levels

🏀 Fixed labels not showing on current d/w/m/q/y levels

🏀 Fixed labels not showing on previous close d/w/m/q/y levels

15 Haz

Sürüm Notları

Version 3.1
(3.09 is merged into this update)

🏀 Added 50% of the Live Candle (Works on whatever timeframe you are viewing. Useful for when price goes up but sellers step in and closes below 50% of that live candle. And vice versa... when price goes down but buyers step in and close it above 50% of the live candle)

🏀 Added Custom Timeframe High/Low Levels

23 Haz

Sürüm Notları

Release Notes:
Version 3.11

🏀 Added more custom timeframes

22 Tem

Sürüm Notları

Version 3.12
🏀 Added more timeframes
🏀 Added a tutorial guide. See below.

50%er Tutorial Guide

Understanding the Live 50% Level



The Live 50% Level (L=Live) is a special feature that tracks the midpoint of a candle in real time as the candle forms. Here's how it works:

• As the price moves up, the 50%line on the candle also moves up to stay at the midpoint of the current price range.
  
• If the price moves down, the 50% line moves down to stay at the midpoint of the current price range.
  

In short, this dynamic line constantly adjusts to show you the 50% level of the live candle, helping you to gauge the market’s movement more accurately.

Note: Works on time frames other than the D, W, M, Q, and Y. Please see next section


Understanding the Current 50% Level

• Current Day, Week, Month, Quarter, Year(C=Current): The 50% level shows the midpoint of the candle for each respective timeframe and updates in real time as the price changes.
  
• Difference between Current & Live 50%: This feature tracks only daily, weekly, monthly, quarterly, and yearly candles, while the standard Live 50% Level can be used for any timeframe.
  

Understanding Previous 50% Level

• Previous Day(PD50%): Shows the midpoint of the previous day’s candle.
  
• Previous Week(PW50%): Tracks the midpoint of the previous week’s candle.
  
• Previous Month(PM50%): Displays the midpoint of the previous month’s candle.
  
• Previous Quarter(PQ50%): Reflects the midpoint of the previous quarter’s candle.
  
• Previous Year(PY50%): Indicates the midpoint of the previous year’s candle.
  

Understanding Opening Print Levels
(Useful to view when you want to see timeframe continuity flip bullish/bearish)



Open Levels for Different Timeframes

• Open Day(DO): Shows the opening price of the current day’s candle.
  
• Open Week(WO): Tracks the opening price of the current week’s candle.
  
• Open Month(MO): Displays the opening price of the current month’s candle.
  
• Open Quarter(QO): Reflects the opening price of the current quarter’s candle.
  
• Open Year(YO): Indicates the opening price of the current year’s candle.
  

Understanding Closing Print Levels

• Previous Close Levels for Different Timeframes
• Previous Day(PDC): Shows the closing price of the previous day’s candle.
  
• Previous Week(PWC): Tracks the closing price of the previous week’s candle.
  
• Previous Month(PMC): Displays the closing price of the previous month’s candle.
  
• Previous Quarter(PQC): Reflects the closing price of the previous quarter’s candle.
  
• Previous Year(PYC): Indicates the closing price of the previous year’s candle.
  

Understanding Previous High/Low Levels



Previous High and Low Levels for Different Timeframes

• Previous Day High and Low(PDH/PDL): Shows the highest and lowest prices of the previous day’s candle.
  
• Previous Week High and Low(PWH/PWL): Tracks the highest and lowest prices of the previous week’s candle.
  
• Previous Month High and Low(PMH/PML): Displays the highest and lowest prices of the previous month’s candle.
  
• Previous Quarter High and Low(PQH/PQL): Reflects the highest and lowest prices of the previous quarter’s candle.
  
• Previous Year High and Low(PYH/PYL): Indicates the highest and lowest prices of the previous year’s candle.
  

Understanding Custom 50% Level and High/Low Levels



Custom 50% and High/Low Levels

• Custom 50% Level: Shows the midpoint of the candle for a user-selected time frame, updating in real time based on the chosen period. Usually a custom timeframe or time frame not included in the script. (ex 2W 50%)
  
• Custom High and Low Levels: Displays the highest and lowest prices of the candle for a user-selected time frame, reflecting the chosen period’s range. Usually a custom timeframe or time frame not included in the script. (2W High/Low)
  

Understanding Levels for FUTURES



Futures Levels

• Midnight Open: Shows the Midnight Open price w/ customizable timezone and time.
  
• NY Open: Tracks the open price of the New York session, adjustable for timezone and time.
  
• NY Close: Displays the close price of the New York session, with options for timezone and time customization.
  
• News Open: Reflects the open price at a specific news event, customizable for timezone and time.
  

Understanding the High/Lows of Monday & Tuesday
Purpose: These levels are designed for traders who prefer not to trade on Mondays or at the start of the week. They help assess the market by combining the high, low, and 50% levels for Monday and Tuesday, allowing traders to focus on how the rest of the week unfolds.



Monday & Tuesday High/Low and 50% Levels

• Monday & Tuesday High and Low(MTH/MTL):

Shows the highest and lowest prices of the candles for both Monday and Tuesday, combined.
*Monday & Tuesday 50% Level(MT50%): Displays the midpoint of the candles for both Monday and Tuesday, combined.



Script Features Recap

• Customization Options: Enable or disable any features with ease from the indicator settings.
  
• Color Choices: Customize colors for all elements.
  
• Text Flexibility: Change any text to your preference.
  
• Style Adjustments: Modify line width, style, and text size.
  
• Offset Control: Adjust the distance of text from the most recent candle.
  
• Line Extension: Choose to extend lines left, right, both ways, or not at all.
  

The Beauty of This Script
You don’t need to enable every option—just select the features that best support your trading strategy. Whether you’re interested in previous 50% levels, trading futures, or using Monday/Tuesday ranges for open range breakouts, this script offers customizable tools to fit various trading approaches. There’s something for every strategy within this script.

22 Tem

Sürüm Notları

Please see Tutorial Above.

31 Tem

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Version 3.2

Modified the 50% Level Plotting: The 50% level line now only extends to the previous candle, ensuring a cleaner and more accurate representation without adjusting for higher timeframes.

19 Ağu

Sürüm Notları

Version 3.2
✅ Added ability to show the price on the price scale.
✅ Added Bull/Bear colors. (Price above 50% = Bullish Color; Price below 50% = Bearish Color)