MTFX Daily Range

The MTFX Daily Range plots the Previous Day’s High, Low, Close, and Midpoint directly onto your intraday chart, along with a full suite of fractal extensions above and below the range. All levels print live with price, giving you a real-time road map without lag or repainting.

🔹 Key Features
Core levels: PDH, PDL, PDC, Midpoint, Current Open.

Fractal extensions: ±0.25, ±0.75, ±1.00, ±1.25, ±1.50, ±2.00 — capturing sweeps, expansions, and exhaustion zones.

Customisable styles: Colours, line widths, and visibility can be adjusted.

Toggle control: Levels can be switched on/off to keep charts clean.

Alerts: Wick breaks and candle closes at PD levels for instant structural awareness.

🔹 Why Fractals Matter
Most PD scripts stop at the high and low. This one goes further:

Why Most Traders Struggle With Previous Day Levels
You've seen it happen: price approaches yesterday's high, you take a breakout trade, and it immediately reverses. Or you set support at previous day's low, only to watch price slice through it like butter.
The problem? Most traders only look at PDH and PDL. They're missing the fractal structure that reveals where price actually respects levels.

The Fractal Advantage:
Markets aren't random - they're fractal. The same patterns repeat across different scales. The MTFX Daily Range indicator maps these fractal relationships using the previous day's range as the base measurement.

Contextual precision: Know instantly if price is contained, probing liquidity, or breaking out.

Exit planning: Fractals act as natural TP zones.

🔹 Benefits of Combining Daily Range with MTFX Asia Session Indicator:

Layered conviction: Asia defines the session narrative, PD Range anchors the higher‑timeframe structure.

Sweep logic: Asia sweeps at PDH/PDL are far more meaningful.

Complete narrative: Asia gives timing, PD gives structure — together they keep you out of noise.

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Published by Mummytrades_FX.