Moving Average of Price Median

Moving Average of Price Median

The median is the value separating the higher half of a data sample, a population, or a probability distribution, from the lower half. For a data set, it may be thought of as the “middle” value. For example, in the data set {1, 3, 3, 6, 7, 8, 9}, the median is 6, the fourth largest, and also the fourth smallest, number in the sample. For a continuous probability distribution, the median is the value such that a number is equally likely to fall above or below it. (wikipedia)

The first part of the code is the median calculation of a Close price (function created by @Despair), then this median price is averaged with a non linear time series Simple Moving Average function that smooth the information and so improve the reading of values.

Idea come from this topic in the Spanish forum: nueva media móvil con precio mediano

 

 

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  1. Rafa • 05/03/2018 #

    I have been trying this indicator and works perfectly on Light Crude Oil. I only have one question. What is lengh? and whaty is priceMAperiod?

    I can guess the priceMAperiod is the moving average period, so it takes the last 20 prices. ( in this case) but lengh?

    Thanks a lot

    • Nicolas • 05/03/2018 #

      length is the period used to calculate the median price.

  2. Rafa • 05/03/2018 #

    And the PriceMAPeriod? aren´t the same?

  3. Nicolas • 05/03/2018 #

    The PriceMAPeriod is the period to make the average of all the last X medianprice found.

  4. Rafa • 05/03/2018 #

    Thanks a lot Nicolás. Have a nice day

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