Trend Magic Indicator
KT Trend Magic Indicator
MT4 | MT5
- EA Developers
The Trend Magic indicator shows the trend depiction on chart using the combination of market momentum and volatility. A smoothing coefficient is used to smooth out the noise from the signal. Trend Magic indicator can be used to find out the new entries or confirm the trades produced by other EA/Indicators.
- Find new entries in the trend direction.
- Improve the accuracy of other indicators when used in conjunction.
- Can be used as a dynamic support n resistance level.
- History Bars: Numbers of bars to consider for calculation. Lesser History Bars = Low memory consumption.
- Trend Period: Period used for trend and momentum calculation.
- Smoothing Coefficient: Smoothing coefficient to smooth out the noise from data.
- Rest of the inputs are self explanatory.
// MQL4: //----- define variables double buy_signal, sell_signal, buy_line, sell_line; buy_signal = iCustom(Symbol(),0,"Market/MQLHub Trend Magic",0,1); sell_signal = iCustom(Symbol(),0,"Market/MQLHub Trend Magic",1,1); buy_line = iCustom(Symbol(),0,"Market/MQLHub Trend Magic",2,1); sell_line = iCustom(Symbol(),0,"Market/MQLHub Trend Magic",3,1); //----- For new entries if(buy_signal!=0) // Open Buy Trade If(sell_signal!=0) // Open Sell Trade //----- For trades confirmation if(buy_line!=0) // Buy trade confirmed if(sell_line!=0) // Sell trade confirmed // MQL5: //----- define Arrays double buy_signal, sell_signal, buy_line, sell_line; //----- define indicator handle int MagicTrend_handle = iCustom(Symbol(),0,"Market/MQLHub Trend Magic"); //----- Copying buffer into arrays CopyBuffer(MagicTrend_handle,0,1,1,buy_signal); CopyBuffer(MagicTrend_handle,1,1,1,sell_signal); CopyBuffer(MagicTrend_handle,2,1,1,buy_line); CopyBuffer(MagicTrend_handle,3,1,1,sell_line); //----- for new entries if(buy_signal!=0) //----- Open Buy Trade if(sell_signal!=0) //----- Open Sell Trade //----- for trades confirmation if(buy_line!=0) //----- buy trade confirmed if(sell_line!=0) //----- sell trade confirmed
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The smoothing coefficient doesn’t seem to be working. It would be appreciated if it could be solved because overall its a nice indicator. Thank you
Great indicator, very useful to use it..
Thank you for give it for free..?
Good indicator for swing. Wolud you like to share this as EA for free?
VERY GOOD INDICATOR. NON REPAINT & EASY TO INSTALL. ACCURATE SIGNAL.VERY VERY THANK YOU
Большое Спасибо за вашу работу.Всё прекрасно работает.И терминал не тормозит.
Works great. Easy to install. Very easy to follow & catch a trend.
Thank you very much.
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