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Mirror_Bands.mq5 (12.36 KB) view

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

It has four input parameters:

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

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20338

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Mirror_Bands - indicator for MetaTrader 5