Median
Trend

- What it shows
A median line with a band around it that changes colour with the trend.
- How it is built
The median of recent prices is drawn, and a band is placed around it using the Average True Range.
Default: Source median, median length 3, ATR length 14, ATR multiplier 2.
- How traders read it
- Colour of the line shows the current direction.
- Price outside the band is read as a stretched move.
- The median is less affected by single spikes than an average.
Related indicators
Chandelier ExitTime-Weighted Average PriceLinear Regression ChannelPivot Points High Low
Kaufman's Adaptive Moving Average← All indicatorsChandelier Exit