Indicator Colored Middle Point of Candle, like indicator Candle's Middle Point, displays the middle point of the candle, but it colors the middle point of each candle depending on the candle type, bullish or bearish.
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) / 2.0For the middle point of the candle body:
Point = (Open + Close) / 2.0
If the candle is bullish, its middle point is blue. If it is bearish, its middle point is red
Fig.1. Middle point for = Candle
Fig. 2. Middle point for = Body