Mirror_Bands - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
This indicator is similar to Bollinger Bands, but has a signal ("mirror") line.
It has four input parameters:
Indicator interpretation:
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
Attachment download
📎 mirror_bands.mq5 (12.36 KB)
Source: MQL5 #20338
Mirror_Bands - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
Mirror_Bands - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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