Median Convergence Divergence Manual

The manual for the MCD indicator
Manufacturer: nt8indicators
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Median Convergence Divergence

The Median Convergence Divergence ( MCD ) is a derivative of the Moving Average Convergence Divergence ( MACD ). The difference is the change in the use of the measure of central tendency. In MACD , moving average (mean) is used, whereas, in MCD , the median is used instead. The purpose of using the median is to eliminate the outlying values, which would be calculated for a moving average. The outliers would affect the value of the moving average.

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