Alchemy High, Low, Mid Points indicators consist of four indicators,
which plot the high, low and mid point price on either an
intraday, weekly, monthly or yearly basis. These levels are
considered key levels of support and resistance by many traders
and they are also used as key breakout points.
It is always a good trading practice to keep track of the
high, low and mid point price of the market you are trading.
A unique feature included in the High, Low, Mid Points indicators
is trend identification on either a daily, weekly, monthly
or yearly basis.
The indicator determines the trend and labels the chart with
either an uptrend or downtrend. Additionally, the indicator
will give an alert anytime the trend changes. This indicator
will help you stay aware of the larger trends and will alert
you to any breakouts on the selected time frame.