by 
This indicator plots a custom Anchored Volume-Weighted Average Price (VWAP) directly on the price chart along with optional standard deviation bands. Users can anchor the VWAP to standard time periods like sessions, weeks, or months, or to corporate events suc
Indicator · Pine Script v5 · On the chart
Median
The Median indicator calculates the median of a selected source series such as the high-low average over a user-defined length and plots it as a red line on the price chart.
GitHub stars37on the repository
Pine versionv5runs as is
Lines of code19
Settings4inputs
LicenceMIT
Last update3 years ago10 Feb 2023
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
19 lines of Pine Script v5 from Technical-Indicators/Technical Indicators are Here🤩/Median.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=5
indicator(title="Median", overlay=true, timeframe="", timeframe_gaps=true)
source = input(hl2, title="Median Source")
length = input(3, title="Median Length")
atr_length = input(14, title="ATR Length")
atr_mult = input(2, title="ATR Multiplier")
median = ta.percentile_nearest_rank(source, length, 50)
median_plot = plot(median, color=color.red, linewidth=3, title="Median")
atr_ = atr_mult * ta.atr(atr_length)
plot(median + atr_, color=color.lime, title="Upper Band")
plot(median - atr_, color=color.fuchsia, title="Lower Band")
median_ema = ta.ema(median, length)
ema_plot = plot(median_ema, color=color.blue, title="Median EMA")
fill(median_plot, ema_plot, color=median > median_ema ? color.new(color.lime, 10) : color.new(color.fuchsia, 10))
Overview
Median draws an EMA of the median as a blue line and fills the space between them, changing fill color based on which line is higher. Upper and lower bands are plotted around the median using ATR scaled by a multiplier. Inputs let users adjust the source, length, ATR length, and multiplier. The script draws all elements directly on the price chart.
- Median Line
- Upper Band
- Lower Band
- Median EMA
- ATR Bands
Details
Published by
TWODS-CAPITAL on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Moving averages, Volatility & bands, Support & resistance
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Median Source | source | hl2 | source |
| Median Length | int | 3 | length |
| ATR Length | int | 14 | atr_length |
| ATR Multiplier | int | 2 | atr_mult |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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