Median Price Indicator – FX Replay Guide
The Median Price Indicator on FX Replay helps you smooth out short-term fluctuations by calculating the average of the high and low price for each bar. It’s a simple yet powerful tool to clarify trend direction and spot key support and resistance levels in your backtesting environment.
How to Use It in FX Replay:
1. Formula:
- Median Price = (High + Low) / 2 — calculated per candle/bar.
2. Spotting Trends:
- A rising line indicates a bullish bias.
- A falling line indicates a bearish bias.
3. Support and Resistance:
- Price may respect the Median Price line as dynamic support or resistance.
- Watch for bounces or rejections around this level during replays.
4. Crossovers with Other Indicators:
- Cross above a moving average? May confirm bullish strength.
- Cross below? Could indicate bearish pressure.
5. Combine with FX Replay Tools:
- Pair with the Moving Average, MACD, or RSI indicators.
- Use in conjunction with position tools for clearer entry/exit visualization.
- Backtest scenarios using Replay mode to refine your strategy around these signals.
Example:
Using a 50-period Median Price, if it crosses above your 50 EMA while sloping up, it could confirm a buy setup. Use FX Replay’s tools to simulate this moment and test your edge.
