Mid Price Ray

# Mid Price Ray Indicator

A professional trading indicator that draws rays from the midpoint of price bars, designed to help traders identify potential support and resistance levels.

## Key Features

1. Timeframe-Specific Colors
- Customizable colors for different timeframes:
- 5 minutes
- 15 minutes
- 30 minutes
- 1 hour
- 4 hours
- 1 day
- 1 week
- Default color setting for unlisted timeframes

2. Ray Customization
- Three line styles:
- Solid
- Dashed
- Dotted
- Adjustable line width (1-4 pixels)
- Configurable ray length
- Infinite extension (length = 0)
- Fixed length (user-defined)

3. Dynamic Calculation
- Automatically calculates midpoint from previous bar's high and low
- Updates in real-time with each new bar
- Efficient memory management with automatic cleanup

4. Visual Clarity
- Customizable transparency levels
- Clean and professional appearance
- Automatic color adaptation based on timeframe

## Applications

1. Support/Resistance Identification
2. Price Action Analysis
3. Multi-timeframe Analysis
4. Trend Following
5. Range Trading

## Notes

- Optimized for real-time trading
- Compatible with all TradingView timeframes
- Memory-efficient design
- Professional-grade visualization

This indicator is particularly useful for traders who want to track price midpoints across different timeframes while maintaining a clean and organized chart layout.