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MetaTrader 5 Indicator | Mirror Bands

The indicator is similar to Bollinger Bands, but has a signal ("mirror") line.

It has four input parameters:

  • Period - calculation period
  • MA period - MA line calculation period
  • Deviation - deviation, the width of the band
  • Applied price - price used for calculation

Interpretation of the indicator:

Enter a long position, when the MA line crosses the Mirror line upwards

Enter a short position, when the MA line crosses the Mirror line downwards

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