Mirror RSI: Comparing Two RSI Series with a Signal Average

Summary

Mirror RSI is an oscillating indicator formed from two RSI calculations, each with its own configurable period and applied price. It displays both directional differences: one is the first RSI minus the second, and the other reverses that subtraction. A signal line is calculated as a moving average of the first RSI over a separately specified period, using a selectable averaging method.

The description explains the calculation and adjustable inputs, but provides no trading rules, thresholds, market examples, or performance evidence. It therefore defines an indicator rather than a tested strategy. The user must choose the periods, price inputs, and signal averaging method, and the text does not explain how those choices affect reliability or how to manage whipsaws and trading costs.

Key ideas

• The indicator compares two RSI series calculated with independently selected periods and price inputs.
• Its directional values are the difference between the two RSIs and the same difference with subtraction reversed.
• The signal line is a moving average of the first RSI, with a selectable period and method.
• The description does not provide entry rules or evidence that the indicator predicts profitable trades.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.