Indicator Description

MEDPRICE (Median Price) is a price transformation indicator that calculates an arithmetic average of the high and low prices to obtain a median price level.

Calculation Principle

MEDPRICE is calculated using the following formula:

MEDPRICE = (High + Low) / 2

Where:

• High is the highest price
• Low is the lowest price

Usage Scenarios

1. Price level analysis
2. Trend determination
3. Support and resistance level calculation
4. Trading signal generation

Usage Recommendations

1. Can be used to calculate moving averages
2. Use in combination with other technical indicators
3. Monitor price deviations from median price
4. Pay attention to market trend changes