“The battles between bulls and bears continue to influence the price behavior long after they are over. Traces of these battles can be used in technical analysis to manage risks and find trading opportunities. Use the “trend mirror” to study the areas of volatility and the impact of the previous price movement on the current trend when the price reverses and crosses these levels. ” – Investopedia.com

RSI Mirrors and Reflections is a reliable indicator that uses multiple periods of RSI, mirrors and reflections based on the values of the RSI to indicate the strength of price movements and reversals. Three ascending and three descending RSI reflections are calculated: the separation and divergence of the RSI reflections indicate the expected strong/weak price movement (see screenshots). The intersection of the long-term and short-term RSI lines serves as a confirmation of the trend. Mirrors (lines) above and below the indicator can be used in combination with reflections (colored bars) to track the strength/weakness of the price movement.

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As shown in the screenshots below, RSI Mirrors and Reflections can be used to find strong price movements, track the trend, and avoid premature market exits that can occur when using only candlesticks or less functional indicators. The indicator can be used either separately or as a supplement to trading strategies on any timeframes and instruments. It works well with the MACD and moving averages.

• RSI Period 1 (default 14): short-term RSI calculation period
• RSI Period 2 (default 50): The period for calculating the long-term RSI
• Plot RSI Reflection Lines (default true): Draw trend lines through shaded reflection bars for better visibility
• Plot RSI Mirror Lines (default true): Draw mirror values of the RSI
• Reflection bar width (default 4): adjust the width of all reflection bars at the same time

For better rendering, the RSI values oscillate between -50 and 50, rather than 0 and 100.

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