Magnet Price

5

Magnetic Price Finder indicator, the average price to which the price tends to return.

Optimized for XAUUSD H1. It has 3 lines, the central one being the price to focus on.

Based on historical data, the success rate of returning to the average price was over 92% with default settings; in other cases, the stop loss, which is set by default, was triggered.

The entry point and entry time are approximately at the beginning of the day, and for convenience, the first candle of the new day is marked with an arrow depending on whether the candle opened below or above the magnetic line.

The indicator is suitable for trading strategies with single intraday entries, where the emphasis is on mean reversion, as well as for grid strategies.

Available settings:

  • Candles: number of candles for fine-tuning. I recommend using values 12-24-48 or leaving it at default.

  • ATR settings are needed for fine-tuning the stop loss for your strategy.

  • ShowLabels: display marker text to the right of the lines.

  • LabelOffsetBars: text indent.

  • ArrowOffset_Multiplier: arrow indent.


Reviews 1
trick 86
763
trick 86 2026.02.07 00:40 
 

good

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trick 86
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trick 86 2026.02.07 00:40 
 

good

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