The Mid Line Indicator is preferably used for placing limit orders at levels that are far from the market.
Hence it is a great tool for risk management.
- Set the period for the Mid Line. (M1 to D1 are provided. But you should use M1 to H1 instead if you are doing scalping on M1 time frame).
- You can set a decimal percentage to indicate the level. 50% is the default.