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https://github.com/mihakralj/QuanTAlib.git
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30 lines
1.0 KiB
Plaintext
30 lines
1.0 KiB
Plaintext
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// The MIT License (MIT)
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// © mihakralj
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//@version=6
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indicator("Midpoint (MIDPOINT)", "MIDPOINT", overlay=true)
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//@function Calculates the midpoint of the highest high and lowest low over a specified period
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//@doc https://github.com/mihakralj/pinescript/blob/main/indicators/numerics/midpoint.md
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//@param src Source series to calculate midpoint for
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//@param len Lookback period for finding highest and lowest values
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//@returns float The midpoint value (highest + lowest) * 0.5 over the period
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//@optimized Uses multiplication instead of division for performance
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midpoint(series float src, simple int len) =>
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if len <= 0
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runtime.error("Length must be greater than 0")
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float highest_val = ta.highest(src, len)
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float lowest_val = ta.lowest(src, len)
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(highest_val + lowest_val) * 0.5
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// ---------- Main loop ----------
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// Inputs
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i_source = input.source(close, "Source")
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i_length = input.int(14, "Length", minval=1)
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// Calculation
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result = midpoint(i_source, i_length)
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// Plot
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plot(result, "Midpoint", color=color.yellow, linewidth=2)
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