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hl2 - PineScript Variable

`hl2`

Overview

hl2 is a shorthand for (high + low) / 2. It provides the midpoint of the bar’s range and is often used as a smoother input compared to raw closes.

Type

float

Qualifier

series

Remarks

Unlike close, hl2 softens intrabar noise by averaging extremes.
Because it depends on high/low, hl2 updates intra-bar whenever a new extreme is made, then locks at bar close.
Works well as a source input to moving averages or oscillators when you want a blend of high/low information.

Example

//@version=5
indicator("HL2 vs Close", overlay=false)

plot(close, "Close", color=color.blue)
plot(hl2, "HL2 midpoint", color=color.orange)

spread = close - hl2
plot(spread, "Close - HL2", color=color.new(color.purple, 0), display=display.none)

See Also