The median price is a popular indicator used in technical analysis to help traders and investors get a simplified view of market prices. This indicator calculates the midpoint of each day's price, providing a beneficial average price that is easy to interpret. Unlike other price indicators that rely on the open, high, low, or closing price, the Median Price gives equal weight to all daily prices. This can help investors avoid biases from using other indicators that rely too heavily on a particular price point.
Using the Median Price indicator, traders and investors can get a complete picture of market trends and make informed decisions. By providing a simplified view of market prices, the Median Price can help investors identify potential buy and sell signals, track the progress of a security over time, and make profitable investment decisions.