Indicator Compare Prices uses a non-standard price with a logarithmic calculation.
It displays two lines: the initial Close price (green) and the one calculated based on the algorithm (red).
It has one input parameter:
- Prices shift – price shift for logarithm calculation.
Calculations:
MainPrice = Close
LogPrice = Close / (1.0+LOG10(ShiftClose / Close)
where:
LOG10 – logarithm to base 10
ShiftClose – Close Prices shift bars back
Fig1. Compare Price, Prices shift = 1
Fig. 2. Compare Price, Prices shift = 5
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