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- 2018.09.27 15:28
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The Delta Oscillator indicator displays the difference in the Delta indicator lines as a histogram.
The indicator has no input parameters.
Calculations:
OSC = Price - Delta
where:
Delta = Price + Diff Diff = Log10(PrevPrice / Price) Price = (Open + High + Low + Close) / 4.0
Fig. 1. Delta_oscillator
Fig. 2. Delta_oscillator + Delta indicator
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21712
![Delta](https://c.mql5.com/i/code/indicator.png)
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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The DHLBO (Dynamic High/Low Band Overlay) indicator shows on the price chart two bands calculated based on the range Highs/Lows.