Percentile

By default, this indicator plots the 50th percentile (median) of the input data. You may change the input parameter to any percentile from 0 to 100. The attached picture shows a plot of range with 10th, median, and 90th percentile bands.

Median is insensitive to outliers, which is good, and lag is about the same as a moving average. It is useful for plotting against statistically random oscillators like volume, bar ranges, or absolute price movements.

This is a fast, exact calculation of median or other percentile, optimized for a time series and taking advantage of the List methods in C#. See the comments in the source code for explanation of the algorithm.

Created By anachronist
NinjaTrader Version 7
File Size 3.5 KB
Create Date(s) 10/23/2014
# of Downloads 491

Importing to NinjaTrader 7 is Easy!

To import your 3rd party app or add-on to NinjaTrader, simply follow these 3 steps:

  1. Download the app or add-on file to your desktop
  2. From the NinjaTrader Control Center window, select the menu File > Utilities > Import NinjaScript
  3. Select the downloaded file from your desktop

Questions?

Visit the NinjaScript File Sharing discussion in the NinjaTrader user forum to interact with fellow traders and the NinjaTrader support team.