MIDPOINT

Indicator Description

MIDPOINT (Mid Point Indicator) is a trend indicator that reflects the central trend of price by calculating the midpoint of the highest and lowest prices over a certain period.

Function Information

• Function Name: MIDPOINT
• Input Parameters: #Kline
• Parameter Settings: timeperiod (default: 14)
• Output: MIDPOINT value

Calculation Principle

MIDPOINT is calculated using the following formula:

MIDPOINT = (Highest High + Lowest Low) / 2

Where:

• Highest High is the highest price in the period
• Lowest Low is the lowest price in the period

Usage Scenarios

1. Trend identification and tracking
2. Support and resistance level identification
3. Price breakout confirmation
4. Trading signal generation

Usage Recommendations

1. Choose appropriate parameters based on the trading period
2. Use in combination with other technical indicators
3. Monitor price and midpoint crossovers
4. Pay attention to market trend changes