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Indicators

The logarithmic rate of return, or the increment of price logarithms - indicator for MetaTrader 4

Evgeny Belyaev | English Русский 日本語
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24845
Rating:
(35)
Published:
Updated:
log.mq4 (3.01 KB) view
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This indicator can be useful for arbitrageurs. The formula for the calculation of the indicator:

ln(C/O) = ln(C) - ln(O)

where C — is the Close, and the O — Open.

For more information about the logarithmic rate of return read the article "Market invariants, or why the trader needs logarithms":

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/13021

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