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Published:

2018.06.18 13:55

Difference2.mq5 (8.14 KB) view

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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]

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20854

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Difference2 - indicator for MetaTrader 5