Log - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
This indicator offers four different ways to analyze price action through logarithmic transformation .
By moving from absolute monetary values to values based on relative percentages, it allows for a more accurate valuation of high-growth or wildly volatile assets.
On a standard linear chart, the distance between $10 and $20 (a 100% increase) looks the same as the distance between $100 and $110 (a 10% increase).
On a logarithmic scale, a 100% change will be much larger than a 10% change, reflecting its true relative impact.
Logarithmic scale (absolute)
Calculated using the natural logarithm of the current closing price.
Exponential growth normalizes.
Logarithmic return (difference)
The natural logarithm of the difference between the current price and the previous price.
Momentum measuring tool.
Log Volatility (Deviation)
The standard deviation of the log return over the defined bar period.
Identify market mechanisms.
Attachment download
📎Log.mq5 (7.95 KB)
Source: MQL5 #68441
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