Mastering the Mirror MA Indicator for MetaTrader 5

Hey traders! Today, let's dive into the Mirror MA indicator, a powerful tool for your MetaTrader 5 setup. This nifty indicator showcases two mirrored moving averages in a separate chart window, giving you a clear view of the difference between them. Plus, it includes a signal line derived from a direct moving average calculation.

Here’s a quick rundown of its eight input parameters that you can tweak to fit your trading style:

• First MA Period - This is the period for your direct MA calculation.
• First MA Method - Choose your method for calculating the first MA.
• First MA Applied Price - Select the price type for the first MA.
• Second MA Period - This one’s for your reverse MA calculation.
• Second MA Method - Pick your method for the second MA.
• Second MA Applied Price - Decide on the price type for the second MA.
• Signal Period - This sets the calculation period for the signal line.
• Signal Method - Choose how you want to calculate the signal line.

Direct = MA1 - MA2,
Reverse = MA2 - MA1
Signal = MA(Direct, Signal period, Signal method)

MA1 = MA(First MA applied price, First MA period, First MA method)
MA2 = MA(Second MA applied price, Second MA period, Second MA method)