% Median v1
This indicator shows the percentage amount the price is above or below the moving median value of the period.
This indicator is best used along with the moving median (set to the same period).
Based on the moving median developed with 4x4good
This indicator is best used along with the moving median (set to the same period).
Based on the moving median developed with 4x4good
// % median v1.0 // Created by dime & 4X4good - 09/04/2016 // This indicator shows the % that the price is above or below the moving median value of the period. // study(title="% median", shorttitle="% median") length1 = input(50, minval=1,title="median length") median = percentile_nearest_rank (close,length1,50) PCTmedian = (close - median)/median *100 plot(PCTmedian, color=lime, linewidth=2, title="% median") hline(0, title="Zero Line")