Midpoints Study
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:
- Daily Midpoint = ( Session High + Session Low ) / 2
- Session Low Midpoint = ( Session Low + Daily Midpoint ) / 2
- Session High Midpoint = ( Session High + Daily Midpoint ) / 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.
You can customize the output using the following inputs:
- UseTime – false = StartTime and EndTime will have no effect and the High and Low will be tracked for the complete day; if the input is true, the High and Low will be tracked according to the StartTime/EndTime input settings only
- StartTime – specifies the start time for the tracking in hhmmss format
- EndTime – specifies the end time for the tracking in hhmmss format
- UpColor – is used to color the specific plot, if Close > Plot Value
- DnColor – sets the color that is used for a plot, in case Close < Plot Value
- MatchColor – this color will be used for a plot, in case the close matches this plot’s value
- Round2Tick – the study will round the MidPoints to the nearest tick if this input is true; if it’s 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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its good
its not work ninjatradet 7
Hi kadir, the indicator is coded in EasyLanguage and meant to be used in Multicharts. You would have to convert it to be able to use it in Ninjatrader.
Hi, thank you for sharing this indicator. Is there a way to use this in Tradestation 10? Thanks!
Hi Steve,
Tradestation won’t be able to import the PLA-file directly. As a workaround you can import it into Multicharts and copy and paste the code into a Tradestation indicator from there.
Regards,
ABC
Thank you for your guidance. I will give that a try.
Hi there,
I download Midpoints Study and doesn’t works at all in my Multicasts.
Do you have any update for Midpoints Study or do have any idea to is it work?
Thanks
Hi Souzan,
Thank you for your message. Can you please elaborate what you mean with it “doesn’t work at all”?
Do you receive any error messages or what exactly happens when you apply the indicator to the chart?
I just applied the started to an intraday chart and it works fine here, so knowing the exact steps you did might be helpful in finding out what happened on your end.
Regards,
ABC
Hi there,
Thanks for fast reply.
I tried them and it is working as it should be now and I don’t know why it didn’t work before.
Best regards
Souzan
Hi Souzan,
you are welcome and thank you for your feedback.
Regards,
ABC