RecursiveMedian
EMA of a 5-bar median filter for smooth tracking with minimal jitter.
Usage
Use to filter out extreme outliers and noise while maintaining trend sensitivity. Excellent as a baseline for other oscillators.
Background
Standard filters like SMA or EMA are distorted by price spikes. The recursive median filter uses the median to reject outliers and an EMA to provide smoothness, offering a cleaner trend representation than standard moving averages.
Parameters
lp_period(default: 12): Low-pass smoothing period
Formula
[ \alpha = \frac{\cos(360/P) + \sin(360/P) - 1}{\cos(360/P)} ] [ RM_t = \alpha \cdot \text{Median}(Price, 5)t + (1 - \alpha) \cdot RM ]