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Delta_Oscillator - indicator for MetaTrader 5

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votes: 8
2018.09.27 15:28

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

The indicator has no input parameters.


OSC = Price - Delta


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

Fig. 1. Delta_oscillator

Fig. 1. Delta_oscillator

Fig. 2. Delta_oscillator + Delta indicator

Fig. 2. Delta_oscillator + Delta indicator

Translated from Russian by MetaQuotes Software Corp.
Original code:

Delta Delta

The Delta indicator draws two lines: the bar average price line (OHLC)/4 and the line of the decimal logarithm of the current to previous (OHLC)/4 prices ratio.

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Deviation Oscillator - a volatility oscillator which represents a difference between the price and the MA, normalized within the selected range.


The DHLBO (Dynamic High/Low Band Overlay) indicator shows on the price chart two bands calculated based on the range Highs/Lows.