PROTECTED SOURCE SCRIPT
Moving Median Price by Atilla Yurtseven
Moving Median Price is similar to Moving Average. However it uses the median instead of the mean. I believe that median is more important than the mean in some cases. Let me explain why:
There are 5 employees in a company. Their annual salary is $24,000,00. There's also a CEO of the company and his annual salary is $100,000.00. So if you calculate the mean to find the average salary using mean, you find $36,666.66. Well, nobody gets paid more than $24K but the CEO. Median helps us here. If you use median, the average salary is $24,000.00.
Keep in mind that you can use the median to find the average salary you pay per employee. You can still use mean for different purposes.
I have also added 2. Median to the script. You can enable or disable.
Disclaimer: I'm not an advisor and this script or the article is not financial advice.
Trade safe,
Atilla Yurtseven
There are 5 employees in a company. Their annual salary is $24,000,00. There's also a CEO of the company and his annual salary is $100,000.00. So if you calculate the mean to find the average salary using mean, you find $36,666.66. Well, nobody gets paid more than $24K but the CEO. Median helps us here. If you use median, the average salary is $24,000.00.
Keep in mind that you can use the median to find the average salary you pay per employee. You can still use mean for different purposes.
I have also added 2. Median to the script. You can enable or disable.
Disclaimer: I'm not an advisor and this script or the article is not financial advice.
Trade safe,
Atilla Yurtseven
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
I know Kung-Fu!
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
I know Kung-Fu!
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.