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
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이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
보호된 스크립트입니다
이 스크립트는 비공개 소스로 게시됩니다. 하지만 제한 없이 자유롭게 사용할 수 있습니다 — 여기에서 자세히 알아보기.
I know Kung-Fu!
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.