Simple script to plot the Midpoint between the High and Low of day for intraday trading. This is a key level that is respected quite often. Very easy to trade bounces or breakthroughs.
Catatan Rilis
⋅
Cleaned up code and added alertcondition.
Catatan Rilis
⋅
Code cleanup.
Catatan Rilis
⋅
Updated to Pinescript V5. It already displayed Extended Hours Midline, so added the ability to only show Regular Hours Midline by request. Thanks to @jda54669 and @dawjersey for the suggestion.
Are you able to code a VWAP to automatically start from the RTH open? Somehow it seems TV doesn’t have that if ETH is toggled on…
NorthStarDayTrading
⋅
@AMB_76, Yes. I have a version already built where you can have three different VWAPs on the chart and set them all to start at different times. For example in futures, you can have one start at the Asian session, the London session, and the US session. And they will plot individually.
Send me a direct message through this chat and I will get you set up.
Want2skydive
⋅
@NorthStarDayTrading, I think its cool you adding vwap choice with Trading view being so tight on the number of indicators.
itsdieglockeet51605
⋅
can you suggest how to work on this indicator ? it seems good i dont know if its bib 0.5 or not but it seems a good strategy can come out of this but i wonder how!
NorthStarDayTrading
⋅
@itsdieglockeet51605, It's not really a strategy. It is just plotting the Midline between the high and the low of the day as a reference point.
itsdieglockeet51605
⋅
@NorthStarDayTrading, thanks so its based on the current DAY candle yes? i know its not strategy itself i mean that if you know or recommend any strategy confluence on this?!
NorthStarDayTrading
⋅
@itsdieglockeet51605, It starts at the beginning of each new Futures trading day and just plot the midline from the High and Low, at the end of each candle close.
itsdieglockeet51605
⋅
@NorthStarDayTrading, oh thanks for your superfast reply! i also love your HAMA Candles. you do a great job sir appreciate that. :)
NorthStarDayTrading
⋅
@itsdieglockeet51605, It just plots the midline between the high and the low of the day. It was originally designed to plot futures trading from the start of the future's market. But I was asked to make it possible to have it start at just the regular trading hours session. So I made this update to it.
xmd1979
⋅
great for scalping on small tfs, excellent tool, thank you )