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Published:

2018.09.27 15:28

Delta_oscillator.mq5 (7.24 KB) view

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The Delta Oscillator indicator displays the difference in the Delta indicator lines as a histogram.

The indicator has no input parameters.

Calculations:

OSC = Price - Delta

where:

Delta = Price + Diff
Diff = Log10(PrevPrice / Price)
Price = (Open + High + Low + Close) / 4.0

Fig. 1. Delta_oscillator

Fig. 2. Delta_oscillator + Delta indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21712

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Delta_Oscillator - indicator for MetaTrader 5