Midpoint of Prior Candle

A custom indicator created by TrendSpider Team on TrendSpider. You can import this custom indicator into your TrendSpider account. Don't have TrendSpider? Create an account first, then import the custom indicator.

This indicator paints the midpoint of the body of the prior candle.

Source code

This indicator had been implemented by TrendSpider Team in JavaScript on TrendSpider. Check out the developer documentation to learn more about JS on TrendSpider.

// This indicator code was generated using AI. It was not checked by Quality Assurance
// and did not pass any quality assurance processes that we normally would use at TrendSpider
// As a result, we can’t guarantee that it will operate as expected in all cases and you should
// use caution when using this indicator. Consider it for informational purposes only.
describe_indicator('Midpoint of Prior Candle', 'price');

// Input for customization
const myPeriodOffset = input.number('Period Offset', 1, { min: 1 });

// Calculate midpoint of prior candle
const myMidpoint = for_every(open, close, (o, c, prev, i) => {
    if (i < myPeriodOffset) return null;
    const priorOpen = open[i - myPeriodOffset];
    const priorClose = close[i - myPeriodOffset];
    return (priorOpen + priorClose) / 2;
});

// Paint the midpoint as a lower indicator
paint(myMidpoint, { 
    name: 'Prior Midpoint', 
    color: 'white', 
    style: 'line' 
});

// Register a signal for use in other TrendSpider features
register_signal(myMidpoint, 'Prior Candle Midpoint');