Available translations

Recursive Median

Summary: The Recursive Median as featured by John Ehlers in the march 2017 issue of Trader's Tips.
Recursive Median on the Charts
In "Trader's Tips", author John Ehlers presents an approach for filtering out extreme price and volume data that can throw off typical averaging calculations. Ehlers goes on to present a novel oscillator using this technique, comparing its response to the well-known RSI.
He notes that by being able to smooth the data with the least amount of lag, the recursive median oscillator may give the trader a better view of the bigger picture.
Products & Properties
The following properties are available to access:
Product Name Product Variable Properties
RecursiveMedian recursiveMedian value
The lengths of the indicator's moving averages can be changed by locating and opening the Javascript Code under Data Building Procedure -> Procedure Loop under "Recursive Median" Procedure Loop.
This indicator can be used to enter a trade when the value rises above zero:
 chart.at01hs.recursiveMedian.value > 0 && chart.at01hs.recursiveMedian.previous.value <= 0
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