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Delta - indicator for MetaTrader 5
- Views:
- 5237
- Rating:
- Published:
- 2018.09.27 15:27
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The Delta indicator draws two lines:
- Red - the bar average price line (OHLC)/4;
- Green - the line of the decimal logarithm of the current to previous (OHLC)/4 prices ratio.
The indicator has no input parameters.
Calculations:
Delta = Price + Diff
where:
Diff = Log10(PrevPrice / Price) Price = (Open + High + Low + Close) / 4.0
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21711
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