Median MACD - Mattes

The Median Based MACD is a new-generation indicator created from old statistical Concepts. It combines a Median Calculation with a MACD to create a smoother signal with less noise and increased robustness.

In this case, the original calculation source of the MACD is replaced with a Median which can be calculated over user set X time.

- Why its good:
This "Phoenix" of sorts brings old concepts together to create a strong, new indicator which can frontrun & see trends from miles up front.

- How it can be used:
While this indicator can be used to follow trends, it can also be used to detect where a trend has weakened and is unlikely to continue. Please keep in mind that its unlikely but the chance is never 0.

In my personal opinion, i think that this indicator should NOT be used as a standalone indicator but rather as a compliment to analysis.

Enjoy!