Middle of daily range

A simple and efficient indicator that plots and updates the 50% of the current day, for those who use this point as a reference in day trading.

On trend days the 50% region tends to be a good resistance point, ideal for making new entries.

On non-trend days (sideways) the 50% region is great for carrying out positions.

In addition, for study or back-testing criteria, you can define the amount of previous days to be plotted by the indicator.

For questions or suggestions, please contact us. And most importantly: Good Trades!
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