Median Price

The Median Price indicator is finding the middle price of each and every bar on your chart.

Why should I use it?

Using the Median Price will help you gain a simple perspective over the market's action.
By connecting the middle price of every time bar the Median Price will introduce a smoothened line to the market past performance.

How does it look like?

The Median Price is a single line indicator which is drawn over the price chart and is moving closely together with the price of the market.

How does it work?

As was said above, the Median Price will calculate the middle price of every time period. If we have a daily chart open - in which every bar is representing one day, and in a certain day the highest price was 1.5500 and the lowest price was 1.5400, then for that day the Median Price line will be set on the value 1.5450.
You can not use the Median Price like you use a moving average or linear regression since the Median Price will always be in sync with the market's price.
Use it to get a smooth and simple look of the market's past performance.

Example

The blue line is the Median Price, indicating the middle price (between the highest and lowest price of each candle).