Mid Point Indicator

[mc01439]

Found this on another site some may find useful.

from the author;

"This will reset daily, regardless of timeframe (as long as the timeframe is lower than the midpoint you're tracking), as well as provides Daily, Weekly, and Monthly midpoints, as desired.
Lastly, this gives you the option to see the High and Low it's using or hide it, as needed, and rounds the Mid Point to the nearest tick value.
Here's what it looks like (showing the high and low, which you can hide): "

https://tos.mx/PYYVMuQ

 

[Hguru]

Can you show the same thing for each Daily Weekly Monthly for each on same chart so as to see what overlaps kind of like a Frank Dilernia type of thing.

 

[mc01439]

Can you show the same thing for each Daily Weekly Monthly for each on same chart so as to see what overlaps kind of like a Frank Dilernia type of thing.

@Hguru - this is one way to get what you ask for until it is coded for all three mid - points. Just declare lower.

https://imgur.com/BFEaaY4

 

[mc01439]

@Hguru - after working with the code you asked about I would still use my original suggestion (shown above). Seems to show the moves the best. When I coded a new script to show Day, Week and Month in one code the lines do not show enough gap. But - I am not a ThinkScript expert just a hack....

https://imgur.com/ohfnRMj

https://imgur.com/q5mV6AD

 

[Hguru]

sorry for the late response just found some time to get back in here to look through things again, Thanks for the effort. I was thinking the same thing just to use the study multiple times with the Daily Weekly and Monthly settings to see where the overlaps occur. thx

 

[Takata]

Can an expert coder make this a weekly high and low and mid point?

 

[MerryDay]

Can an expert coder make this a weekly high and low and mid point?

https://usethinkscript.com/threads/mid-point-indicator.758/#post-5835