Difference2 – indicator for MetaTrader 5

  • A+
category:MT5 INDICATORS

Indicator Difference2 shows the difference between the current price and the price as of N periods ago, as a histogram.

Unlike the first version of Difference, where the difference is shown between the values of bar prices (High - Low or Close - Open) now and as of N periods ago, this version shows the difference between the Applied prices as of now and as of N periods ago.

It has three input parameters:

  • Period - period;
  • Calculation type - type of calculations:
    • Absolute - calculations in absolute values;
    • Relative - calculations in relative values.
  • Applied price - price used for calculations.

Calculations:

Calculation type = Absolute:

Difference[i] = Price[i] - Price[i-Period]

Calculation type = Relative:

Difference[i] = 100*(Price[i] - Price[i-Period])/Price[i-Period]

Difference2 - indicator for MetaTrader 5

Comment

:?: :razz: :sad: :evil: :!: :smile: :oops: :grin: :eek: :shock: :???: :cool: :lol: :mad: :twisted: :roll: :wink: :idea: :arrow: :neutral: :cry: :mrgreen: