Mirror MA
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use Mirror MA
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
Description & Settings
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:
where:
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.
