Extending the Works of Torben Mogensen, on Torben Median
Median Filtering is an important technique !
The median filter is a non-linear digital filtering technique, often used to remove noise from an image or signal. Such noise reduction is a typical pre-processing step to improve the results of later processing (for example, edge detection on an image). Median...
This method was pointed it out by Torben Mogensen.
It is certainly not the fastest way of finding a median, but it has the very interesting property that it does not modify the input array when looking for the median. It becomes extremely powerful when the number of elements to consider starts to be large, and copying the input array may cause enormous...
//Every spread & central tendency measure in 1 script with comfortable visualization, including scrips's status line.
- Standard deviation (for most cases);
- Average deviation (if there are extreme values);
- GstDev - Geometric Standard Deviation (exclusively for Geometric Mean);
- HstDev - Harmonic Deviation (exclusively for Harmonic...
The new array feature is extremely powerful, as it will allow pinescript users to do more complex things, or compute existing calculations more efficiently, it will also be possible to shine some light to some already existing functions, one of them being percentile_nearest_rank .
We have been working on this new feature with our pal alexgrover, and made this...
This indicator calculates 3 Moving Averages for default values of
13, 8 and 5 days, with displacement 8, 5 and 3 days: Median Price (High+Low/2).
The most popular method of interpreting a moving average is to compare
the relationship between a moving average of the security's price with
the security's price itself (or between several moving averages).
Original (Simple Horizontal Value and Offsets/SHV) Requested by @TAFA94
Simple adjustable incremented horizontal offset lines extending up and down from a Median point.
Set full value for manual Median point control, or set an incremental rounding value for auto Median adjustment.
Source and look-back period inputs for fine tuning auto...
Ehlers Smoothed Adaptive Momentum script.
This indicator was developed and described by John F. Ehlers in his book "Cybernetic Analysis for Stocks and Futures" (2004, Chapter 12: Adapting to the Trend).
Plots levels representing the prices that the stock closed above its n-period moving median(default=100).
2 thickest lines represents the two most recent crossover levels.
Candles are colored green if the price is currently above its moving median and red if below.
This simple script was a collaborative effort with 4X4good.
It plots a moving median for the period using the 50th percentile value.
We wanted to know the median value of VIX but surprisingly, a median indicator wasn't yet available in the indicators library.
So we did a little research & put this together.
Hampel Filter script.
This indicator was originally developed by Frank Rudolf Hampel (Journal of the American Statistical Association, 69, 382–393, 1974: The influence curve and its role in robust estimation).
The Hampel filter is a simple but effective filter to find outliers and to remove them from data. It performs better than a median filter.
This study tries to highlight ranges
as they are defined by
TradingLatino TradingView user.
The study uses median values.
A range is defined as periods when the price does not move a lot.
Its default values are aimed at BTCUSDT pair and 4h timeframe.
HOW IT WORKS
For each of the bars a '5' median is calculated based on the 'highest of open and close'
This is a composite indicator made up of:
- modifided (rescaled) version of evergets version of recursive median oscillator.
- 1996anoojpatels Futur modification of Ehlers Fisher Transform Ribbons Indicator
I think Ehlers attempts to minimise latency in indicators are extremely valuable and some of my most use trading tools. Thanks to all the authors whose...
For private peeps only
- Takes a modified version of the CCI formula into 2 parts
VCI - Volume Channel Index (Yellow Histogram)
- Measures accurate accumulation and distribution levels and times
MCI - Modified Channel Index
- Measures (when compared to VCI) levels where clearly buys are interested vs not interested.
If VCI > MCI
- Shows buyer's are...
Statistical methods based on mean cannot be effective all the time when attributed to financial data since it doesn't usually follow normal distribution, the data can be skewed or/and have extreme values which can be described as outliers.
In order to deal with this problem it is appropriate to use median-based techniques.
The most common one is called...