The Midpoints study tracks the extremes of the day or a custom session between a start and end time. Bases on the high and low extremes, three Midpoints are calculated:
1. daily midpoint = (Session High + Session Low)/2
The study comes with three color inputs and the plots change their color depending on the value of the bar close compared to the plot value.
Description of Inputs:
False = StartTime and EndTime will have no effect and the High and Low will be tracked for the complete day. If true, High and Low will be tracked according to the StartTime/EndTime settings only.
is used to color the specific plot, if Close > Plot Value
Close < Plot Value
Close = Plot Value
Study will round the MidPoints to the nearest tick if this input is true. If false the study will not round the MidPoints.
The study was not designed to use a session spanning over two calendar days, like an overnight Globex session. In case you use the UseTime input and a StartTime later than the EndTime, you might run into problems. The study would need to be adapted to properly work on overnight sessions.
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