OPEN-SOURCE SCRIPT
MTF Midpoint Levels V1.2
Plots midpoint levels from any user-selected timeframe by drawing the 50% level of each candle’s high-low range as dotted horizontal lines. Built for lower timeframes like 5m and 15m so you can project higher-timeframe midpoint structure clearly, with adjustable lookback, left/right extension options, and optional previous-period high/low overlays for two custom timeframes.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.