MT5 / 002

Main-chart mirrored candlesticks

Overview

Displays mirrored candlesticks directly in the main chart, together with four mirrored moving averages. An adjustable alignment lookback controls the reference range used to position the inverted display.

Platform: MetaTrader 5 · Main chart

  • Adjustable alignment lookback: default 100.
  • Four mirrored moving-average periods: defaults 5, 10, 20, 60. Moving averages are shown by default and can be hidden.
  • Each moving average has its own smoothing setting, defaulting to SMA. Candle-body and wick widths are adjustable.

When to use it

Choose this edition when you prefer the inverted candle view in the main chart rather than a separate pane. Use the alignment range, moving-average display switch and candle widths to adapt the view to your chart.

1. Indicator in use

Main-chart mirrored candlesticks · Indicator in use
Actual MT5 screenshot using offline demonstration data.Click the image to view full size

2. Parameter settings

Main-chart mirrored candlesticks · Parameter settings
MT5 runtime parameter display. Alerts and messages are disabled for the screenshot instance; product defaults are listed below.Click the image to view full size
ParameterDefaultHow to use
Alignment lookbackDefault100How to useAlignment range: historical reference range for the mirrored chart.
Body widthDefault6How to useLine or bar width: adjust to suit your chart and screen.
Wick widthDefault1How to useLine or bar width: adjust to suit your chart and screen.
Show moving averagesDefaultEnabledHow to useMoving-average display: show or hide the chart’s moving averages.
MA1 PerDefault5How to useCalculation period: the number of bars used by the indicator.
MA2 PerDefault10How to useCalculation period: the number of bars used by the indicator.
MA3 PerDefault20How to useCalculation period: the number of bars used by the indicator.
MA4 PerDefault60How to useCalculation period: the number of bars used by the indicator.
MA1 Smoothing methodDefaultMODE_SMAHow to useSmoothing: selects the averaging method.
MA2 Smoothing methodDefaultMODE_SMAHow to useSmoothing: selects the averaging method.
MA3 Smoothing methodDefaultMODE_SMAHow to useSmoothing: selects the averaging method.
MA4 Smoothing methodDefaultMODE_SMAHow to useSmoothing: selects the averaging method.

Installation and use

Place the indicator file in the terminal’s MQL4 / MQL5 → Indicators folder, refresh Navigator, then drag it onto a chart.

MT5 · Indicators

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