Shadow Chart

Shadow Chart

The Shadow Chart indicator is the advanced evolution of the Mirror Chart MT5. Rather than overlaying the second instrument directly onto the main chart with dynamic scaling, it renders it in a dedicated sub-window with its own independent price axis. The second symbol behaves exactly like a separately opened chart window — the scale is absolute and undistorted.

The sub-window automatically adapts its display mode to match the main chart — candles, bars, or line — and inherits all color settings for bullish and bearish phases.

The Mirroring function vertically inverts the second instrument around its visible price center. This is particularly powerful when analyzing negatively correlated pairs such as EUR/USD and USD/CHF, as opposing trends are visually aligned, making divergences and relative strength immediately apparent.

A defining feature of this version is the dual price grid: in the main window, the familiar grid lines transformed to the main chart's price scale are drawn (identical to the original Mirror Chart). In the sub-window, additional horizontal lines mark the real price levels of the second instrument on its own axis. Both grids are controlled by a single toggle.

Parameters:

• Symbol_Type — Auto (current symbol) or custom
• Custom_Symbol — Name of the second instrument (e.g. EURUSD)
• Mirroring — Enable vertical inversion
• BullColor / BearColor — Colors for bullish and bearish candles
• InpLineWidth — Line width in line mode
• ShowGrid — Show/hide price grid
• GridColor — Grid line color
• GridPips — Grid spacing in pips