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Magic Signal

Description

Using arrows the indicator shows the time and direction of trend reversal. It uses 3 color gradations. The more intense is the color of an arrow, the higher is the probability of a strong movement.

Note: to trade according to the indicator signals, use pending orders only!


Trade using the Indicator

For the BUY signal: Once an arrow appears, place a pending order at the "high" level of the last closed bar plus 20-30 points (for 5-digit quotes). If the order does not trigger during 3-5 bars, it should be removed.

For the SELL signal: Once an arrow appears, place a pending order at the "low" level of the last closed bar minus 20-30 points (for 5-digit quotes). If the order does not trigger during 3-5 bars, it should be removed.


The indicator works well on all timeframes, but the best results are obtained on H1 and higher.

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