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Median MACD - Mattes

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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!

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.