Median

Running Median Indicator for MT4 – indicator MetaTrader 4

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Running Median Indicator for MT4 - indicator for MetaTrader 4
This indicator computes the median of odd span. The median is described as the numerical value separating the higher half of a sample, or a probability distribution, from the lower half. It is often considered as one of the most robust smoothing operator in the presence of outlier values, and particularly more robust than the … Read more

Average of median – indicator MetaTrader 5

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Average of median - indicator for MetaTrader 5
Average that uses median price instead of using “simple” price Average methods that can be used in this indicator are : simple moving average exponential moving average smoothed moving average linear weighted moving average More information on how median price is calculated you can find here : Average of median – indicator MetaTrader 5

Recursive Median Oscillator – indicator MetaTrader 5

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Recursive Median Oscillator - indicator for MetaTrader 5
Theory : In “Recursive Median Filters” in March 2018 issue of TASC, author John Ehlers presents an approach for filtering out extreme price and volume data that can throw off typical averaging calculations. Ehlers goes on to present a novel oscillator using this technique, comparing its response to the well-known RSI. He notes that by … Read more

Recursive Median Oscillator – with floating levels – indicator MetaTrader 5

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Recursive Median Oscillator - with floating levels - indicator for MetaTrader 5
Theory : In “Recursive Median Filters” in March 2018 issue of TASC, author John Ehlers presents an approach for filtering out extreme price and volume data that can throw off typical averaging calculations. Ehlers goes on to present a novel oscillator using this technique, comparing its response to the well-known RSI. He notes that by … Read more