50% Retracement indicator for a watchlist

Mark706

New member
I would like to know if anyone had a indicator that identifies the fib 50% retracement from the previous candle, that could be added to a watchlist column. For example if we were to use the /MNQ Thursday's daily candle as the previous candle to compare it to today's (Friday) candle an alert would pop up when the Friday's candle retraced 50% of Thursday's candle. This would be used to identify potential "Outside Bars".
 
Solution
Luckily, the mid point of the prior bar can be easily referenced by HL2.

So it could be as simple as:
LOW < HL2[1];

It really just depends on how you want to dress it up with text/colors, or what ever else.
Luckily, the mid point of the prior bar can be easily referenced by HL2.

So it could be as simple as:
LOW < HL2[1];

It really just depends on how you want to dress it up with text/colors, or what ever else.
 
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