Moving Median — Indicator by dime

median percentile vix

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.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?

//@version=2
//  Moving Median
//  developed by dime & 4X4good - 09/04/2016
//  Plots a moving median value for the period  
//  by using the 50th percentile value
//  

study(title="median", shorttitle="median", overlay=true, precision=0)
length1 = input(20, minval=1, title="Period")

median = percentile_nearest_rank (close,length1,50)  //this returns the 50th percentile value

//alternative function
//level = percentile_linear_interpolation (close,length1,50)

plot (median,color=lime, transp=0, linewidth=2 )