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Trend Magicc

*This is tradingview indicator converted to mql5*

The Trend Magic Indicator is a popular technical analysis tool used to identify the direction of a market trend and potential trend reversals. It is a versatile indicator that can be applied to various financial instruments and timeframes.

The Trend Magic Indicator consists of a combination of moving averages and a volatility-based filter. It aims to smooth out price fluctuations and provide a clearer visualization of the underlying trend. Here are the key components and features of the indicator:

  1. Moving Averages: The Trend Magic Indicator uses two moving averages to identify the trend direction. Typically, it employs an Exponential Moving Average (EMA) or a Smoothed Moving Average (SMA). The shorter moving average reacts more quickly to price changes, while the longer moving average provides a smoother trend line.

  2. Volatility Filter: The indicator incorporates a volatility-based filter to adjust its sensitivity to price movements. This filter helps in adapting to different market conditions and reducing false signals during periods of low volatility.

  3. Color-Coded Trend: The Trend Magic Indicator visually represents the trend direction by changing colors. For example, when the indicator line is blue, it indicates an uptrend, and when it turns red, it suggests a downtrend. Some versions of the indicator may use different colors or additional visual cues.

  4. Trend Reversals: In addition to identifying the trend direction, the Trend Magic Indicator can also signal potential trend reversals. When the indicator line changes color from blue to red or vice versa, it suggests a possible shift in the market sentiment.

  5. Customization Options: The indicator often provides customization options, allowing traders to adjust parameters such as the length of moving averages, volatility thresholds, and color schemes to suit their trading preferences and strategies.

The Trend Magic Indicator can be used in various ways, including trend following, identifying pullbacks within a trend, and as a confirmation tool alongside other technical indicators or trading systems.



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CURRENTLY 26% OFF Best Solution for any Newbie or Expert Trader! This Indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With only ONE chart you can read Currency Strength for 28 Forex pairs! Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity? User manual: click here That's the first one, the original! Don't buy a worthle
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