25% Candle Line

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25% of each candle another confirmation for continuation of a trend

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Informacje o Wersji

The 25% Candle Line Indicator is a simple yet effective tool for visualizing intrabar levels based on the previous candle’s range. It automatically plots a horizontal line at the 25% level of the prior candle, depending on where the close occurred relative to the midpoint.

🔎 How it works:
- Calculates the previous candle’s range (High – Low).
- Derives the 25%, 50% (midpoint), and 75% levels.
- If the prior close is above the midpoint → plots the 75% line.
- If the prior close is below the midpoint → plots the 25% line.
- Displays the chosen level as a red horizontal line on the chart.

⚡ Why use it:
- Quickly identify potential support/resistance zones within a candle’s structure.
- Spot intraday bias shifts based on quarter-level positioning.
- Enhance precision in scalping, breakout setups.

📈 Best suited for:
- Intraday traders looking for micro-level decision points.
- Swing traders who want additional confirmation zones.
- Anyone exploring quarter-level candle analysis.

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Informacje o Wersji

enjoy the code