OPEN-SOURCE SCRIPT

Mid-Body 50% Candles – Support/Resistance with Confirmation

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How it works:
– Calculates the mid-body (open+close)/2 of the previous candle.
– Bullish candle → potential SUP level.
– Bearish candle → potential RES level.
– Optional next-bar confirmation (close above/below the mid-body).
– Filters available: ATR size, swing detection, upper/lower wick %.
– Lines extend until broken or removed.
– Alerts available for: level creation, touch and break.

Use cases:
– Confirm candle rejections (pin bars).
– Filter false breakouts.
– Refine entries/exits for scalping or swing trading.

What makes it unique:
Unlike generic Fibonacci or candle tools, this script focuses exclusively on the 50% body level with confirmations and multiple filters, making it more precise for price action decision points.

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