This plugin can do the same and more than other paid plugins like Propane for example... The only problem is the extremely ugly a plugin anyways.
If Voxengo hired an imaginative graphic designer (without exaggerations, not like in the latest Waves plugins) there would be a bit of a cult around their plugins!
From the web:
MSED is a professional audio encoder-decoder AAX, AU and VST plugin for mid-side processing which is able to encode (split) the incoming stereo signal into two components: mid-side pair, and vice versa: decode mid-side signal pair into stereo signal.
MSED is also able to work in the “inline” mode with the ability to adjust mid and side channels’ gain and panning without the need of using two plugin instances in sequence.
MSED can be used to flip the phase of the mid and side channels by 180 degrees, and swap the stereo channels, and to extract the mid or side channel.
MSED features the “plasma” vector scope, stereo correlation and balance meters which make it easier to monitor the stereo information present in the audio signal.
Applications:
Mid-side encoder
Mid-side decoder
Mid-side stereo widener
Stereo channels swapper
180-degree channel phase flipper
Stereo correlation and balance meter
Enjoy!
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