The Mirror MA indicator features two mirrored moving averages in a separate chart window calculated based on a difference between two MAs with different calculation data, and one signal line calculated based on a direct moving average data.
It has eight input parameters:
- First MA period - direct MA calculation period;
- First MA method - direct MA calculation method;
- First MA applied price - direct MA calculation price;
- Second MA period - reverse MA calculation period;
- Second MA method - reverse MA calculation method;
- Second MA applied price - reverse MA calculation price;
- Signal period - signal line calculation period;
- Signal method - signal line calculation method.
Calculations:
Direct = MA1-MA2, Reverse = MA2-MA1 Signal = MA(Direct, Signal period, Signal method)
where:
MA1 = MA(First MA applied price, First MA period, First MA method) MA2 = MA(Second MA applied price, Second MA period, Second MA method)
If calculation data of these two MAs coincide (which lead to a zero difference between the two MAs), a warning with the error message will be displayed and the indicator will exit until the user changes the parameters.
