Logarithmic Moving Average indicator for MT5

[RJo 10]

A custom Logarithmic Moving Average indicator for MT5 is now available for MT5 on the Metaquotes website and directly in the MT5 platform.

https://www.mql5.com/en/market/product/99439

The Logarithmic Moving Average indicator is a moving average that inverts the formula of an exponential moving average.

Many traders are known to use logarithmic charts to analyze the lengths of price swings. The indicator in this post can be used to analyze the logarithmic value of price on a standard time scaled chart.

The trader can set the following input parameters:

• MAPeriod [defaults to: 9] - Set to a higher number for more smoothing of price, or a lower number for faster reversal of the logarithmic moving average line study.

• MAShift [defaults to: 3] - Set to a higher number to reduce the amount of price crossovers, or a lower for more frequent price crossovers.

Indicator line (indicator buffer) can be called with iCustom in Expert Advisors created by Expert Advisor builder software or custom coded Expert Advisors:

• No empty values; and

• No repainting.

[RJo 10]

Please feel free to post up and let me know if you would like any features added to the indicator in Post #1. You can demo test it before deciding to rent it.