The Median Price function measures the middle point between the daily low and high prices. It can also mention in connection with the average or mean price.
The median price depicts a simple picture of the currency daily trading prices. It is sometimes used for smoothing out the inconstancy of the closing price as it contains data on the whole trading day and not only on the day's end.
The Median Price indicator is just the middle point of every day's price. The Typical Price and Weighted Close are the same indicators. The Median Price indicator provides a single-line chart of the day's "average price." This average price can be helpful if one seeks a simpler prices view.