TRO Midpoint Indicator for MetaTrader 4 Download - [TradingFinder]

The TRO Midpoint indicator for MetaTrader 4 calculates and displays the midpoint of the current and the previous candles using raw price data.

Unlike many technical analysis tools, it employs no smoothing, averages, or complex math—its sole focus is price, visualizing candlestick strength within the trend.

TRO Midpoint Indicator Table

The general specifications of the TRO Midpoint indicator are presented in the table below.

Indicator Overview

By averaging each candle’s high and Low, the indicator marks the center of price fluctuation and plots two midpoint dots—one for the current candle and one for the previous—directly on the chart.

The dots’ position relative to the candle body is crucial:

• A midpoint below the body signals buyer strength.
• A midpoint above the body indicates selling pressure.

Uptrend Conditions

On the 1-hour chart of Solana (SOL/USD), when the purple midpoint appears below the candle, the price has spent most of the bar above the center of gravity—evidence of bullish pressure and a potential long-entry zone.

Downtrend Conditions

The 4-hour chart below shows the EUR/GBP pair. When the purple midpoint sits above the candle, sellers dominate: price oscillates mainly in the lower half, illustrating bearish pressure.

TRO Midpoint Indicator Settings

The settings panel of the TRO Midpoint indicator is shown in the image below:

• Open Candle Arrow Code: arrow code for the current candle;
• Previous Candle Arrow Code: arrow code in the prior candle;
• Open Candle Color: the color of the current candle;
• Previous Candle Color: the color of the last candle.

Conclusion

The TRO Midpoint indicator is a price-based trading tool that plots the midpoints of the current and previous candles, giving traders a clearer sense of market momentum.

Beyond analyzing price structure, it also highlights practical zones for entering long or short positions.