The moving median is simply the median of the past N days’ closing prices. This may be of limited interest and is thus under “Low Priority” in the indicator lists.
For reference, a median is calculated by considering the prices sorted from highest to lowest. The middle one is the median, or if there’s an even number then the mean of the middle two. So for example with 15 points the chosen median point will have 7 others above it and 7 below it. The effect when plotted is a line that stays roughly in the middle of the past N days price action.
Copyright 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2014, 2015, 2016, 2017 Kevin Ryde
Chart is free software; you can redistribute it and/or modify it under the terms of the GNU General Public License as published by the Free Software Foundation; either version 3, or (at your option) any later version.