Indicator Candle's Middle Point displays the middle point of a candle.

It has two adjustable parameters:

  • Middle point for - display the middle point for

  • Candle - candles

  • Body - candle body

  • Dots type - the candle middle point dots type:

  • Smallest Dot - the smallest dot

  • Small Dot - cmall dot

  • Big Dot - big dot

  • Small Square - small square

  • Big Square - big square

  • Small Diamond - small diamond

  • Big Diamond - big diamond

  • Cross - cross

Calculations:

  • For the middle point of a candle:
    Point = (High + Low) / 2.0

  • For the middle point of the candle body:
    Point = (Open + Close) / 2.0

Fig.1. Middle point for = Candle

Fig. 2. Middle point for = Body