Moving Median Pro

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Product Description

The most-used technical indicator must be the moving average. However, the trading world seems to have forgotten its brother which is mathematically a better measure of central tendency: moving median.

The concept of "moving" is the same. So, what is "median"? It is the one that stands exactly in the middle of a sorted series (if a series is unsorted, we have to sort it first). If a series has an even number of elements, its median is the average of the 2 middles. For example, the median of the series "3, 8, 12, 25, 31" is 12; the median of the series "3, 8, 12, 25" is (8 + 12)/2 = 10.

Why does a median measure central tendency better than an average? Because an average is much more sensitive to outliers, which are extreme values often observed at spike bars. Being more immune to outliers, a moving median tends to be a smoother and more stable plot.

ninZa.co is one of the only vendors that provides an accurate and professional moving median indicator. No trading platforms offer a built-in moving median indicator, except Interactive Brokers.

Key features:
  • Plot moving median with configurable period
  • Allow smoothing Input with
  • Allow applying a plot change filter
  • Paint background to show 2 phases: uptrend, downtrend
  • Colorize bars based on 2 phases: uptrend, downtrend
  • Colorize plot based on 2 phases: uptrend, downtrend
  • Print markers on trend shift
  • Trigger alerts on trend shift
  • Be NinjaScript ready for advanced usage, only restricted by your imagination
  • Expose dedicated NinjaScript signals
Dedicated NinjaScript signals:
  • Signal_Trend: 1 = uptrend, -1 = downtrend

Software Changelog

  • 25 Nov 2022 - The indicator was released (built new).

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  1. product_image Moving Median Pro $$
    5 5

    Superior Ichimoku

    Thank you Pi, it is a pleasure doing business with you. You are always so prompt, I appreciate it.

  2. product_image Moving Median Pro $$
    5 5

    Enhanced Indicators And Reliable Customer Support For Optimal Trading Experience

    I found ninZa.co through a google search about a month ago. I was in search of a good Supply/Demand Discovery indicator as well as other indicators. Although these indicators can be found as basic within NT8. The ninZa.co version of these indicators are on Steroids, and adds a new dimension to these indicators. When I need help, I can always rely on the great customer support. Hannah and all others are always eager to help if you understand their countries time zone. Thanks.

  3. product_image Moving Median Pro $$
    5 5

    AAA+ Trend Sync

    I do like the new look of AAA+ Trend Sync, nice job!

These testimonials may not be representative of the experience of other users or customers and do not guarantee future performance or success.

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