The Moving Average Mirror Indicator (MAMI) is a technical analysis tool used to identify trends in financial markets. It is based on the principle of moving averages, which is a commonly used indicator in technical analysis.
Mirroring is a feature of the Moving Average Mirror Indicator. Those who have used a traditional MA-based approach may consider this tool to have messed things up. After the blue curve crosses below the red curve, you could seek for buying opportunities. The indicators name is Mirror Indicator, which indicates you ought to take the opposite reading. You could look for a short transaction when the blue line crosses above the red line. A bullish crossover is depicted similarly by the red curve crossing above the blue curve. Remember the mirroring property or you may execute an incorrect trade.
When the fast-moving average crosses above the slow-moving average, it is interpreted as a bullish signal, indicating that the trend is likely to move upwards. Conversely, when the fast-moving average crosses below the slow-moving average, it is interpreted as a bearish signal, indicating that the trend is likely to move downwards.
The MAMI is often used in combination with other technical indicators, such as the Relative Strength Index (RSI) or the Moving Average Convergence Divergence (MACD), to confirm signals and identify potential entry and exit points for trades.
The following could be your checklist for a buy trade:
Once these events occur:
The following could be your checklist for a sell trade:
Once these events occur:
Its important to note that while the MAMI can be a useful tool for traders, it should not be relied upon solely to make trading decisions. Its important to consider other factors, such as market conditions and fundamental analysis, when making investment decisions.
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Trend mirror is a mt4 (MetaTrader 4) indicator and it can be used with any forex trading systems / strategies for additional confirmation of trading entries or exits.
(downloadable file Trend eunic-brussels.eu contains Trend eunic-brussels.eu4 )
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 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 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.
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