OPEN-SOURCE SCRIPT

MAGIC MA BANDS

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Magic MA Bands — Dynamic Trend Zones Instead of Lines

Magic MA Bands help traders visualize dynamic support and resistance zones rather than relying on a single moving average line. Instead of treating the MA as an exact reaction level, this tool creates a band or zone where price is statistically more likely to react, reverse, or continue trending.

🧠 How It Works

The script plots:

Upper Band (default: 50 EMA using High values)

Lower Band (default: 50 EMA using Low values)

Optional Midline MA (default: 200 SMA for long-term trend)

The area between the upper and lower bands becomes a trend cushion, helping traders identify:

Dynamic support/resistance zones

Trend strength and continuation probability

Ideal pullback entry regions

🎯 Trend Interpretation Guide
Use Case Recommended Setting
Short-Term Trend 20/21 EMA or SMA
Medium-Term Trend 50 EMA / SMA
Long-Term Trend 200 SMA / EMA (Midline Optional)

All parameters are fully customisable so the user can define their preferred structure based on their trading style, asset volatility, or timeframe.

✔️ Best For:

Trend traders

Swing trading

Pullback-based entries

Institutional-style zone analysis

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