Trend magic indicator
Trend Magic Indicator suits with all sort of currency pairs around the market and it also fits with any kind of timeframe charts at metatrader trading software.
What is Trend Magic indicator?
Trend Magic Indicator is a combination of Commodity Channel Index (CCI) and Average True Range (ATR). That is how it plots the trend signals and identifies the possible market entry areas within the trend. Trend Magic Indicator turns blue with price closing above its level confirms the buy time along with the bullish trend. On the other hand, it turns red with price closing below its level signals the sell entry with valid bearish thrust in background. Because of such simple and clear display of trade signals it is very much suitable and easier to master by newbie Forex traders.
What is Trend Magic indicator?
Trend Magic Indicator is a combination of Commodity Channel Index (CCI) and Average True Range (ATR). That is how it plots the trend signals and identifies the possible market entry areas within the trend. Trend Magic Indicator turns blue with price closing above its level confirms the buy time along with the bullish trend. On the other hand, it turns red with price closing below its level signals the sell entry with valid bearish thrust in background. Because of such simple and clear display of trade signals it is very much suitable and easier to master by newbie Forex traders.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.