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Indicators

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

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6904
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votes: 32
Published:
2016.03.07 09:56
Updated:
2016.11.22 07:32
log.mq4 (3.01 KB)view

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 Software Corp.
Original code: https://www.mql5.com/ru/code/13021

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