Candle Midpoints: High-Low and Open-Close Reference Levels

Summary

This indicator marks a candle’s midpoint and colors the marker according to whether the candle is bullish or bearish. It offers two midpoint definitions: the center of the full candle range, calculated from the high and low, or the center of the candle body, calculated from the open and close. Users can also choose among several marker shapes and sizes.

The document explains the calculations and display options, but gives no trading rules, performance evidence, or guidance on interpreting the levels. The midpoint is therefore a visual reference that may help traders compare price location across candles; the text does not show that it predicts direction or improves results. Its usefulness depends on how a trader incorporates it into a broader analysis or tested strategy.

Key ideas

• The indicator colors candle midpoint markers according to whether each candle is bullish or bearish.
• The full candle midpoint is derived from the high and low.
• The candle-body midpoint is derived from the open and close.
• Marker shape and size can be adjusted, but the document provides no evidence that the indicator forecasts price movement.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.