When the market direction is up trend magic becomes blue and when the market is down trend magic becomes red. It changes its color to blue and red accordingly to the market direction. It is a custom made moving average.
Trend magic is the major signal generator indicator of this forex trading system. Simple the line turns red when cci readings are below 50 which points for a dominant bearish trend and blue when cci is above 50 suggesting then a bullish continuation in the pair. Trend magic is a custom indicator that combines cci and atr in what turns to be quite similar to a moving average in the chart.
The essence of this forex strategy is to transform the accumulated history data and trading signals. Trend magic with filter forex scalping strategy is a combination of metatrader 4 mt4 indicator s and template. Trend magic indicator can be used to find out the new entries or confirm the trades produced by other ea indicators.
A smoothing coefficient is used to smooth out the noise from the signal. The trend magic indicator shows the trend depiction on chart using the combination of market momentum and volatility. Trend magic system forex strategies forex resources forex trading free forex trading signals and fx forecast.
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All about trading in forex marked how to download and install magic trend trader indicators on mt4 download link for indicators. First its simplicity of use and secondly its steady forex trade signaling performance over a proven period of time. Trend magic indicator mt4 is one of the most effective and very best forex trend indicator among other trend following technical indicators two things have bought such popularity to this amazing indicator.
Size of the shown dots.
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Adx vma trend indicator. The trend magic indicator shows the direction of a trend and indicates when it changes. Blue dots in the chart indicate an uptrend red dots indicate a downtrend. The indicator is the trigger for the trend magic expert.
Number of bars used for calculation. Shows how near to the bars the trigger dots are placed.
Shows how near to the bars the trigger dots are placed. Number of bars used for calculation. The indicator is the trigger for the trend magic expert.
Blue dots in the chart indicate an uptrend red dots indicate a downtrend. The trend magic indicator shows the direction of a trend and indicates when it changes. Adx vma trend indicator.
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