Indicators: Mirror_Bands

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Mirror_Bands:

An indicator of bands with a signal 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

Author: Scriptor

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