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How To: Create a Calculated Grade Item in D2L © R. Craig Collins, 2010

To make a calculated grade field in D2L (to be able to show students an approx. GPA at a given point in the semester):

"Advanced Usage"
Using restrictions.

Next, Perhaps make a calculated GPA to use after each major test
Then reorder those so the correct Grade entry is  at the top of the list...

For example right after test 2 I move the Approx GPA 1 to the bottom of the Gradebook, and the Approx GPA 2 to the top

It is a bit of a pain the create the grade items to begin with, but there after it is just a matter of reordering for me, and I could probably get away with not even doing that, as the restrictions will keep the item from appearing until it can display a meaningful number.