Trading Alchemy Read About High Low Mid Points

The 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.