However, it is not effective to use only that number as an entry.
In the long time frame, it shows the momentum of / pressure and does not reverse immediately.
In the short time frame, the reversal appear frequently and it is difficult to make a decision.
This script calculates the zone based on the recent fluctuation.
You will fix your entry direction whether the center line is above or below the (50).
A return to the zone is a sign of entry, which eliminates hesitation.
It may be able to be used even in parallel range or against trend.
The basic idea is based on the following script;
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.