Disliked{quote} No, I really am not confusing mean and median. Every 6 year old in the country knows the difference and what I showed was the mean. Also, the median is high+low/2, so I really don't know what the hell you are talking about. I can show you a chart of the mean for any currency over any time frame if you want, but there is no value to be gained from doing so.Ignored
However since the market is fractal nature, and we zoom in, the distribution of X bars is not equal to the distribution of the overall market,this is called Heteroscedasticity
I dont care if the mean of the overall market is a straight line in the mid, because guess what, chances are that the price wont go there for the next 10-15 years, so this information is useless to me.
Instead i want to estimate the weekly/intraweek median, and that is certainly not equal to the "mid line of the past week" (that would be called a weekly pivot point, but we all know that they dont work that well in live trading ), because there is a high chance that the intraweek probability distribution changes every day, or even more frequent, but i`m looking at H4 bars for now to filter out the majority of the noise.
So because of that i need a filter which can cut off the noise as good as possible and adapt to the curvature of the market, and that shall be a good mean for me.
"There's a sucker born every minute" - P.T. Barnum