All in one Mirror VertexFX Indicator

OmSaiTech

Active Trader
Aug 8, 2015
29
0
37
All In One Mirror (AIO Mirror) indicator is an innovative VertexFX indicator based on the popular MACD, RSI, CCI and Stochastic indicators.

The All-In-One Mirror indicator allows the user to choose from the four popular indicators, namely, MACD, RSI, CCI and Stochastic. It calculates the base (primary) indicator, its mirror image and the signal indicator. By using a mirror indicator which is derived as a geometrical complement of the base indicator, the All-In-One Mirror identifies excellent trading opportunities with minimal lag. The MACD, RSI, CCI and Stochastic by themselves although powerful, do not present a complete picture of the trend and often have lag. By using their mirror indicator, the All-In-One Mirror indicator attempts to eliminate this lag and provide quicker response to trend reversals. Likewise, in case of RSI or Stochastic, it does not depend on fixed thresholds, for example of 30/70, but rather these threshold levels are dynamically calculated based on the mirror and the signal indicator thus making it more adaptive and less prone to lag.

The base indicator is displayed in red; its mirror indicator is displayed in blue and the signal indicator is displayed in yellow. The formula for calculating the base indicator, its mirror and the signal indicator are described below for each mode.

a) MACD Mode – In the MACD mode, the base indicator is calculated by subtracting the simple moving average of the Open price from the simple moving average of Close price over INDICATOR_PERIOD. The mirror indicator is calculated by subtracting the simple moving average of the Close price from the simple moving average of its Open price over the same period. The signal indicator is calculated as the simple moving average of the base indicator.

b) RSI Mode – The base indicator is calculated by subtracting 50 from the RSI indicator with the INDICATOR_PERIOD. The mirror indicator is calculated by subtracting the RSI indicator from 50. The signal indicator is calculated by subtracting 50 from the simple moving average of the RSI indicator.

c) CCI Mode – The base indicator is calculated as the CCI indicator with the INDICATOR_PERIOD. The mirror indicator is the negative value of the base indicator. The signal indicator is the simple moving average of the base indicator calculated over the SIGNAL_PERIOD.

d) Stochastic Mode – The Stochastic indicator with INDICATOR_PERIOD and periods of 3 and 3 for %K and %D periods respectively is calculated first. The base indicator is derived by subtracting 50 from this Stochastic indicator. The mirror indicator is calculated by subtracting the Stochastic indicator from 50. Therefore, both the base and mirror indicators are exactly identical and on the opposite side of the zero line. Finally, the signal indicator is calculated as the stochastic signal line using the SIGNAL_PERIOD.

https://www.hybridsolutions.com/plugins/client-vtl-plugins/free/all-in-one.html
 

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