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;
No repainting; and
No DLL's.
The price for this software item is a 1 year rental fee. Each software license is valid for one trader only. After paying, you must use the Contact form on this website to send your full name as shown on your trading account. Use the Contact form on the top menu of this website. Then you will promptly receive your activated ex5 file in your email.
