Run Median Indicator
The Run Median indicator is an optimized moving average that detects trend reversals.
Description
The Run Median indicator for MT5 is an optimized moving average line with one of the best price smoothing features for trend analysis. This technical indicator detects potential price turning points with greater accuracy than a regular simple moving average.
It is essentially a trend following indicator that identifies short trend reversal movements in the market, making it suitable for scalpers. Moreover, the indicator’s trend analysis is reliable and beginner-friendly. Thus, any forex trader can use it without much hassle, regardless of their experience in the market.
Additionally, the indicator also identifies trading opportunities for day/intraday Forex traders when applied to higher time frames. Finally, it does not lag, unlike the simple moving average, which lags the price.
How to Trade with the Run Median Indicator
The image above shows the Run Median indicator for MT5 on the GBPUSD chart.
The indicator closely follows the price to determine whether the trend is bullish or bearish and detects areas where the trend may reverse. Thus, it suggests that an instrument is bullish when the price closes above it and bearish when the price closes below it.
However, it is not recommended to make a trading decision immediately after the price closes above or below the Run Median indicator due to uneven market movements. Therefore, before opening a buy or sell position, wait until the price returns to the indicator line with a sign of deviation.
For example, in a bullish trend (closing price above the indicator), wait for the price to bounce up from the indicator before entering a buy/long trade.
Conclusion
Run Median Indicator for MT5 is one of the most optimized moving averages that follows the market trend and detects both major and minor trend reversal zones. Moreover, it can be downloaded for free.