Median Price is a forex technical indicator used in technical analysis by many traders. The Median Price function measures the middle point between the daily low and high prices. It can also mentioned in connection with the average or mean price.

Median price, typical price and weighted close are indicators for reducing noise in a trading chart, and are widely used as filters of other moving average systems.

These indicators, when used alone, do not provide any significant results other than smoothing the graph, but they are key ingredients of many other powerful and popular trend indicators.

Median Price = (High + Low) / 2

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McClellan Oscillator is a forex technical indicator used in technical analysis. McClellan Oscillator Indicator was developed by Sherman and Marian McClellan. McClellan oscillator is a breadth indicator and is based on the advancing and declining issues.

Breadth is defined as the balance between advancing issues (all stocks up at least a penny on the day) and declining issues (all stocks down by at least a penny). In a strong market, advancers will usually overwhelm decliners by a significant margin. The opposite is true when a market turns weak.

The McClellan Oscillator can be extremely effective when trading bullish and bearish reversal patterns. The indicator reveals oversold and overbought conditions similar to other oscillators such as Stochastics. These overbought and oversold indicators are not incorporated in the Market Situation scoring system for the sake of simplicity.

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