MIDPRICE

Type: midprice • Category: indicators

Description

Calculates the average price based on the highest and lowest prices

Parameters

Name	Type	Description	Required	Default
high	string	List of highest prices	no
low	string	List of lowest prices	no
timeperiod	number		no	14

Help

MIDPRICE

Description

The MIDPRICE indicator is a financial market indicator used to calculate the average price of a security based on its highest and lowest prices over a specified period.

What does this worker do?

This worker calculates the mid-price of a security, which is the average of the highest and lowest prices, providing a smoothed representation of the price action.

How to interpret the results

The result of the MIDPRICE worker is a list of mid-price values, which can be used to analyze the price movement of a security over time. A rising mid-price indicates an upward trend, while a falling mid-price indicates a downward trend.

Parameters

The MIDPRICE worker accepts the following parameters:

Parameters Schema (JSON)

{
  "high": {
    "type": "string",
    "description": "List of highest prices"
  },
  "low": {
    "type": "string",
    "description": "List of lowest prices"
  },
  "timeperiod": {
    "type": "number",
    "default": 14
  }
}

Detailed Parameters

• high:
  • Type: string
  • Description: A list of highest prices.
• low:
  • Type: string
  • Description: A list of lowest prices.
• timeperiod:
  • Type: number
  • Default: 14
  • Description: The time period over which to calculate the mid-price.

Usage

To use the MIDPRICE worker, provide the required high and low parameters, and optionally specify the timeperiod parameter. The worker will return a list of mid-price values.