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MIDPRICE

Type: midprice • Category: indicators

Description​

Calculates average price based on high and low prices

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringprices datano
highstringselect the column with highest pricesno
lowstringselect the column with lowest pricesno
timeperiodnumberNumber of periods to use for MIDPRICE calculationno14

Help​

MIDPRICE

Description​

The MIDPRICE worker is an indicator used in financial analysis to calculate the average price of a security based on its high and low prices over a specified period.

What does this worker do?​

The MIDPRICE worker calculates the midpoint price of a security, which is the average of the high and low prices over a specified period. This indicator helps to smooth out price fluctuations and provide a clearer picture of the security's price movement.

How to interpret the results​

The MIDPRICE indicator can be used to:

  • Identify trends: A rising MIDPRICE indicates an uptrend, while a falling MIDPRICE indicates a downtrend.
  • Determine support and resistance levels: The MIDPRICE can be used to identify areas of support and resistance, where the price may bounce back or break through.

How to use the MIDPRICE worker​

The MIDPRICE worker requires the following parameters:

  • dataExp: The prices data.
  • high: The column with the highest prices.
  • low: The column with the lowest prices.
  • timeperiod: The number of periods to use for the MIDPRICE calculation.

Example usage​

To use the MIDPRICE worker, simply provide the required parameters:

MIDPRICE(dataExp, high='High', low='Low', timeperiod=14)

Additional Information​

The MIDPRICE indicator was developed by Technical Analysis Association. It is commonly used in technical analysis to gauge the momentum of a security's price.

Visualizing the MIDPRICE worker​

For a visual representation of how to use the MIDPRICE worker, see the following GIFs:

Full GIF​

[![Full GIF](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_full.gif)](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_full.gif)

Short GIF​

[![Short GIF](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_short.gif)](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_short.gif)

Interpretation and Tips​

  • A longer time period will result in a slower-moving MIDPRICE, while a shorter time period will result in a faster-moving MIDPRICE.
  • The MIDPRICE can be used in conjunction with other indicators to confirm trading signals.