Magic Trend By Market Mindset - Zero To Endless

2023년 8월 8일

Magic Trend indicator is an indicator combining the Commodity Channel Index (CCI) and the Average True Range (ATR) indicators.

The indicator is represented by a line that turns red when CCI readings are below 0 and converts to blue when CCI reaches above 0.

Color of the line can be treated as a trend indicator.
When CCI > 0 (Blue Color), price is assumed to be in uptrend and a buying momentum could be seen.
When CCI < 0 (Red Color), price is assumed to be in downtrend and a selling pressure could be seen.

Two Multipliers of ATR have been used. Default values for multiploier are : 1.5 and 3.0
It tells about the volatality in the price and also helps in deciding Entry poits, Stop loss points and sometimes Exit points.

If trend magic lines are not straight and moving upward/downward, continuition of the trend is expected and so Holding the position is adviced.
If the farther line (line with multiplier 3.0) is broken, a trend reversal can be seen soon.
In this case, squaring off and making reverse position is adviced near the other (1.5 mult) line.

If price is revolving in between these two lines... a sideways movement is expected.

Happy Trading
Market Mindset

2023년 8월 18일

릴리즈 노트

Magic Trend indicator is an indicator combining the Commodity Channel Index (CCI) and the Average True Range (ATR) indicators.

The indicator is represented by a line that turns red when CCI readings are below 0 and converts to blue when CCI reaches above 0.

Color of the line can be treated as a trend indicator.
When CCI > 0 (Blue Color), price is assumed to be in uptrend and a buying momentum could be seen.
When CCI < 0 (Red Color), price is assumed to be in downtrend and a selling pressure could be seen.

Two Multipliers of ATR have been used. Default values for multiploier are : 1.5 and 3.0
It tells about the volatality in the price and also helps in deciding Entry poits, Stop loss points and sometimes Exit points.

If trend magic lines are not straight and moving upward/downward, continuition of the trend is expected and so Holding the position is adviced.
If the farther line (line with multiplier 3.0) is broken, a trend reversal can be seen soon.
In this case, squaring off and making reverse position is adviced near the other (1.5 mult) line.

If price is revolving in between these two lines... a sideways movement is expected.

Happy Trading
Market Mindset

2023년 10월 26일

릴리즈 노트

Added Magic Fill
Changed default Line Width

2023년 10월 26일

릴리즈 노트

Bug Fixes

2023년 12월 27일

릴리즈 노트

ChangeLog :
1. Added functionality to change the calculation mode.
Available modes are :
EMA
RMA (Default)
SMA
VWMA and
WMA

2. Added option to choose High/Low based values.
Default is (high+low)/2

3. Added Buy/Sell Signal Labels

2023년 12월 27일

릴리즈 노트

ChangeLog :
1. Added functionality to pick the colors for Bullish and Bearish trends
2. Added functionality to select - Whether one wish to use a Single Magic Trend Line or a Double Magic Trend Lines
Note : Buy/Sell Signals will be changed based on Calculation Mode and Single/Double Magic Trend Lines.

2023년 12월 27일

릴리즈 노트

Changed Default Settings

2024년 3월 20일

릴리즈 노트

ChangeLog :
1. Simplified the UI (Input Panel)
2. Introduced RSI for trend identifying

2024년 4월 3일

릴리즈 노트

Bug Fixes.

2024년 9월 20일

릴리즈 노트

Simolified settings

2024년 9월 20일

릴리즈 노트

Simplified Settings