Compare Prices - MetaTrader 5 Script | Forex Indicator Downloads - MT4/MT5 Resources - MetaTrader 5 Resources
The indicator compares prices using non-standard prices with logarithmic calculation.
It shows two lines: the initial closing price (green) and the algorithmically calculated closing price (red).
It has one input parameter:
Main price = closing price
LogPrice = close position/ (1.0+LOG10(Shift close position/ close position)
LOG10 - Logarithm to base 10
ShiftClose - the closing price moves the bar backwards
Figure 1. Comparing prices, price change = 1
Figure 2. Comparing prices, price change = 5
Attachment download
📎 compareprices.mq5 (6.87 KB)
Source: MQL5 #22797
Compare Prices - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Compare Prices - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 resources are resources related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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