High, Low and Midpoint

This indicator plots the daily high and low from the previous day. (BLACK)
It then calculates the midpoint of the high and low and plots this. (RED)

This indicator can be used to identify daily ranges and to identify possible support and resistance levels.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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