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Mid Line

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.


Indicator Parameter

Period

  • 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).

Percent

  • You can set a decimal percentage to indicate the level. 50% is the default.
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Version 1.1 2019.01.09
Now the 50% level can be configurable to use another percentage like 38.2% and 61.8%.