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ComparePrices.mq5 (6.87 KB) view

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Indicator Compare Prices uses a non-standard price with a logarithmic calculation.

It displays two lines: the initial Close price (green) and the one calculated based on the algorithm (red).

It has one input parameter:

Calculations:

MainPrice = Close
LogPrice = Close / (1.0+LOG10(ShiftClose / Close)

where:

LOG10 - logarithm to base 10
ShiftClose - Close Prices shift bars back

Fig1. Compare Price, Prices shift = 1

Fig. 2. Compare Price, Prices shift = 5

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22797

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ComparePrices - indicator for MetaTrader 5