Simple script to plot the Midpoint between the High and Low of day for intraday trading. This is a key level that is respected quite often. Very easy to trade bounces or breakthroughs.
This is my original indicator that was inspired by "Mayer Multiple" and "Chande Forecast Oscillator" (CFO).
I decided to search truth of trend power with SMA and LinReg and found it in a somewhere of the middle. Also, I added a limit area, where you need to keep a more attention, because it can show a potential reversal.
You can change parametrs with a your own...
This indicator was originally developed by Vitali Apirine (Stocks & Commodities , V.34:9 (August, 2016): "The Middle-High-Low Moving Average").
You can use it to create a crossover trading system in conjuction with EMA/SMA.
Good luck!
![BTCPERP: Indicator: Weight Of Middle [xQT5]](https://s3.tradingview.com/y/yd4kG2wc_mid.png "Indicator: Weight Of Middle [xQT5]")
