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Trend Magic Indicator free

The Trend Magic Indicator shows the direction of a trend and indicates when it changes. Blue dots in the chart indicate an uptrend, red dots indicate a downtrend.

The indicator is the trigger for the Trend Magic Expert.


Input Parameters

  • Counter: number of bars used for calculation
  • PowerSet: shows how near to the bars the trigger dots are placed
  • DotSize: size of the shown dots

The colors of the dots can be changed.


Difference from the paid version

This is a free version, it works in every chart. The paid version Trend Magic Alarm informs with a sound and a popup window when the trend direction changes, as shown in the picture below.

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This indicator triggers an alert for one of the most popular methods used in Stochastic Oscillator. This is as follow: a buying alert when the Oscillator (either MAIN [%K] or SIGNAL [%D]) falls below a specific level (e.g., 20) and then rises above that level. a selling alert when the Oscillator rises above a specific level (e.g., 80) and then falls below that level. Note: this tool was developed based on the code of Stochastic Oscillator indicator included by default in MetaTrader 4 terminal
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Maksym Mudrakov 2016.08.30 19:43 
 

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