Candle Midpoints: Range and Body Calculations

Summary

This note describes an indicator that marks the midpoint of either a full candle or its body. For the full candle, it averages the high and low; for the body, it averages the open and close. A setting selects which midpoint to display, and another selects the marker style, such as a dot, square, diamond, or cross.

The document explains the indicator’s calculation and configuration, but gives no trading rules, market examples, or performance evidence. A midpoint can serve as a visual reference for inspecting price bars, but the note does not establish that either midpoint predicts price movement or provides a standalone signal. Its value therefore depends on how a trader chooses to interpret or combine the plotted levels.

Key ideas

• The candle midpoint is the average of its high and low.
• The candle-body midpoint is the average of its open and close.
• Users can choose which midpoint to plot and select its marker style.
• The document provides no evidence that the indicator predicts price changes.

Tags

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