.

MT4 Indicator requests and ideas

Moderators: mntiwana, mrtools

Re: Indicator requests and ideas

#5311
pin12 wrote:
Sat Jan 26, 2019 7:01 am
Hello,

I was looking for the famous Magic Trend indicator ("Trend Magic" is another different indicator) and I found this one. I do not know if it will be the original, but here I share it.

description of the indicator:

The MagicTrend Indicator Plugin For Amibroker

The MagicTrend indicator plugin for Amibroker is designed for working as a complete trend following tool. The indicator uses average true range, current price swing data with some complex logic. This is for keeping us in the position as long as the ongoing trend sustains. The indicator contains the following indications for deciding trend and low-risk entry:

The color of the line and arrow direction suggests the direction of the trend. The color convention is standard. i.e. Light green for uptrend and red for the downtrend.
The value of the line suggests the highest amount of correction that the price can undergo without affecting the trend direction.
The risk barometer suggests a low-risk entry in the ongoing trend. The length of the color suggests the type of trade that can be entered with lower risk. If the green area in the bar is bigger than the red area it suggests a long trade is possible with low risk if the ongoing trend is up and vice versa for short entry in the downtrend.

If anyone has information about this interesting indicator, please share it here.

Thanks
This post needs to be migrated at its appropriate thread
"Trend Indicators" - here
viewtopic.php?f=578480&t=8472182
Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.


Re: Indicator requests and ideas

#5314
eda236a wrote:
Sat Jan 26, 2019 7:46 pm
Sirs,
Is it possible to get live MT4 data into excel sheet in android platform?
Maybe try this post viewtopic.php?p=1295375736#p1295375736.............. oh & u posted this in wrong thread man for this type of request start a new thread cos most likely will get overlooked & not read here if it is not indicator modification request indicator.............

Re: Indicator requests and ideas

#5315
mrtools wrote:
Sat Jan 26, 2019 5:07 am
Kilometer wrote:
Fri Jan 25, 2019 7:12 pm
I've been using this Indicator made by you guys at this forum, it's called "Trend Scalp & Arrows", is it possible to get a MTF version of it? I've attached the indicator to this post just in case you need it : )
Added mtf.
Thx Mrtools this is good indicator :clap: :clap: :clap:


Re: Indicator requests and ideas

#5317
mrtools wrote:
Sat Jan 26, 2019 5:07 am
Kilometer wrote:
Fri Jan 25, 2019 7:12 pm
I've been using this Indicator made by you guys at this forum, it's called "Trend Scalp & Arrows", is it possible to get a MTF version of it? I've attached the indicator to this post just in case you need it : )
Added mtf.
Hi mr tools i need your help

Re: Indicator requests and ideas

#5318
mrtools wrote:
Sat Jan 26, 2019 5:07 am
Kilometer wrote:
Fri Jan 25, 2019 7:12 pm
I've been using this Indicator made by you guys at this forum, it's called "Trend Scalp & Arrows", is it possible to get a MTF version of it? I've attached the indicator to this post just in case you need it : )
Added mtf.
Hi mrtools. Big thanks for this masterpiece. But somehow it wont show up on daily and 4h timeframes. All other timeframes are ok.


Greets.



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