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Mean and Median
This indicator plots the statistical means and medians of the Master Instrument price series.
The mean is the sum of all price values that occur during the life of the bar, divided by the number of prices. (Simple arithmetic mean)
The median is the price in the middle of the series. Half of the prices are above the median, and the other half of those prices are below the median. (Statistical median)
The smaller the difference between mean and median, and the closer they are to the vertical midpoint of the bar, the more symmetrical is the distribution of the prices over the life of the bar.
Because the historical calculation uses an ADDed one tick secondary data series, this indicator is slow to load. The backfill setting should be DAYS back, not bars back. Minimize the number of days that you go back. Start with ONE.
Because the means and medians are Plots, you should be able to access them for use as inputs to other indicators. Keep me posted on how well that works.
Category
The Elite Circle
Details:
Mean and Median
Category:
The Elite Circle
November 3rd, 2011
Size: 14.76 KB
1038
Zondor
Comments/ratings
Fat Tails
November 4th, 2011 06:33 PM
No Comment
marxtone
November 5th, 2011 07:01 AM
hmm.
thank you !
George Kontakos
November 6th, 2011 11:32 PM
No Comment
soma
November 9th, 2011 11:47 AM
Thank you. Have you tried to calculate a "Volume Weighted" Mean and Median ?
Unfortunatly, my current knowledge of NT programming is very low.
coolfutures
December 14th, 2011 07:25 AM
Good Job . Keep it up Zondor !
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