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Halfway House

Demo downloaded: 3

Published: 18 March 2023

Current version: 1.30

Halfway House

Indicators
Deline M
Version: 1.30
Updated: 23 March 2023
Activations: 5

Halfway House.

How To Use

This indicator is very simple to use. You are provided with a total of 5 tradable levels and a trend-line.

2 Bullish Levels (Green Lines)
2 Bearish Levels (Red Lines)
1 Switch-line Midpoint (Black Line)
2 Trend-line (Bullish and Bearish)

If price is above the Black Line, You will be looking for bullish trades

If price is below the Black Line, You will be looking for bearish trades

The trend-line may be used as a guide.

Vertical black line change represents weekly change and update of all Horizontal levels

This is not a repainting indicator therefore even if certain levels are not respected, the lines will not change until the week ends

Use along with your analysis

Next level may be used as a take profit target. You may need to be cautious of rejections along the way

Exclusive to M15, M30, H1 & H4.

Try opening positions closer to each of the levels so as to reduce your risk

Please note that arrows only appear on the Switch Line (Black Line) when it gets touched by price.

Do not rely sole on this indicator.

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Version 1.30 2023.03.23

* Information Table
* Price Points
* Last Known Switch Line Arrow Touch

Version 1.20 2023.03.21

* Added Arrows On the Switch Line

Version 1.10 2023.03.18

General Update