You could get a Freelancer to build you a script that will draw a line based on your calculation. I had a similar script once upon a time.
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Hi,
I am searching for an indicator which can draw horizontal lines at distance of 50% of prev. day range. First line should be drawn at high/low of prev. day and subsequent lines should be drawn at a distance of 50% of prev. day range. Also, there should be option to draw the same lines from weekly levels. I use MT4 platform.
Thanks.