Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

elbone

Trend_Magic Indicator

Recommended Posts

Does anyone recognize this indicator? It was a freebie with some EA promotion last year. I would like to code something similar. It changes color based on some long/short logic. They called it Trend_Magic.

trendmagicH1.jpg.dc00dc3e21033ba5fdd65aee8c99aee0.jpg

Share this post


Link to post
Share on other sites
Does anyone recognize this indicator? It was a freebie with some EA promotion last year. I would like to code something similar. It changes color based on some long/short logic. They called it Trend_Magic.

 

if you can define the "long/short logic",

it can be coded.

Edited by Tams

Share this post


Link to post
Share on other sites

Hi elbone E-signal has similar looking indicator called Super trend by Olivier Seban.You can look up in there library.I tryed to send a code for you but i am not good at it. Good luck. Youri

Share this post


Link to post
Share on other sites
Does anyone recognize this indicator? It was a freebie with some EA promotion last year. I would like to code something similar. It changes color based on some long/short logic. They called it Trend_Magic.

 

This indicator is CCi based. It is indeed excellent, but there are better. Let me know if and when you need some help with it.

Best wishes.

trend Magic.mq4

Share this post


Link to post
Share on other sites

MQ4 Code by TudorGirl:

 

 

//+------------------------------------------------------------------+

//| TrendMagic.mq4 |

//| Tidied up by TudorGirl 28 May 2009 |

//| AnneTudor@ymail.com |

//+------------------------------------------------------------------+

 

#property indicator_chart_window

#property indicator_buffers 2

#property indicator_color1 Blue

#property indicator_width1 2

#property indicator_color2 Red

#property indicator_width2 2

 

//+------------------------------------------------------------------+

 

extern int CCI = 50;

extern int ATR = 5;

 

//+------------------------------------------------------------------+

 

double bufferUp[];

double bufferDn[];

 

//+------------------------------------------------------------------+

 

int init()

{

SetIndexStyle(0, DRAW_LINE, STYLE_SOLID, 2);

SetIndexBuffer(0, bufferUp);

SetIndexStyle(1, DRAW_LINE, STYLE_SOLID, 2);

SetIndexBuffer(1, bufferDn);

return (0);

}

 

//+------------------------------------------------------------------+

 

int deinit()

{

return (0);

}

 

//+------------------------------------------------------------------+

 

int start()

{

double thisCCI;

double lastCCI;

 

int counted_bars = IndicatorCounted();

if (counted_bars < 0) return (-1);

if (counted_bars > 0) counted_bars--;

int limit = Bars - counted_bars;

 

for (int shift = limit; shift >= 0; shift--)

{

thisCCI = iCCI(NULL, 0, CCI, PRICE_TYPICAL, shift);

lastCCI = iCCI(NULL, 0, CCI, PRICE_TYPICAL, shift + 1);

 

if (thisCCI >= 0 && lastCCI < 0) bufferUp[shift + 1] = bufferDn[shift + 1];

if (thisCCI <= 0 && lastCCI > 0) bufferDn[shift + 1] = bufferUp[shift + 1];

 

if (thisCCI >= 0)

{

bufferUp[shift] = Low[shift] - iATR(NULL, 0, ATR, shift);

if (bufferUp[shift] < bufferUp[shift + 1])

bufferUp[shift] = bufferUp[shift + 1];

}

else

{

if (thisCCI <= 0)

{

bufferDn[shift] = High[shift] + iATR(NULL, 0, ATR, shift);

if (bufferDn[shift] > bufferDn[shift + 1])

bufferDn[shift] = bufferDn[shift + 1];

}

}

}

 

return (0);

}

 

//+------------------------------------------------------------------+

//+------------------------------------------------------------------+

 

 

//TradeStation Code:

Var:

Up(0),

Dn(0);

 

//do not change the inputs for CCI and ATR

 

UP = (LOW - AvgTrueRange(5));//plots below the bars

if CCI(50) >= 0 then begin

Plot1( UP, "TrendMagic" ,Blue) ;

Condition1 = True;

end else begin

 

DN = (HIGH + AvgTrueRange(5));//plots above the bars

If CCI(50) < 0 then begin

Plot1( DN, "TrendMagic" ,Red) ;

Condition2 = True;

end;end;

 

//Alert Conditions

 

Condition1 = FALSE ;

Condition2 = False;

if Condition1 then

Alert( "TrendMagicUp" ) ;

if Condition2 then

Alert( "TrendMagicDn" ) ;

Share this post


Link to post
Share on other sites

Hey Sixpence, I found the Trend Magic to be very useful in forex trading as a SL trail method. You mention there a re better ones? Please let me know which ones you are referring to. Thanks

Share this post


Link to post
Share on other sites
Does anyone recognize this indicator? It was a freebie with some EA promotion last year. I would like to code something similar. It changes color based on some long/short logic. They called it Trend_Magic.

 

ATR based trailing stop

also refered to as a chandelier stop.

 

2trade

Share this post


Link to post
Share on other sites

Is a Trend Following System.

Basically if the Close is above or below the 50 period CCI zero line. The 5 period ATR is used to draw the line above the High or below the Low.

 

This is the MT4 code. below it is the Tradestation Code which is much easier to understand regarding how it works.

 

-- original MT4 implementation © TudorGirl (AnneTudor@ymail.com).

 

function Init()

indicator:name("TrendMagic Indicator (new version)");

indicator:description("");

indicator:requiredSource(core.Bar);

indicator:type(core.Indicator);

 

indicator.parameters:addGroup("Parameters");

indicator.parameters:addInteger("CCI", "CCI", "", 50);

indicator.parameters:addInteger("ATR", "ATR", "", 5);

indicator.parameters:addBoolean("Signal", "Signal Mode", "Don't change this parameter when use indicator on chart", false);

 

indicator.parameters:addGroup("Style");

indicator.parameters:addColor("UP_color", "Color of UP", "Color of UP", core.rgb(0, 255, 0));

indicator.parameters:addColor("DN_color", "Color of DN", "Color of DN", core.rgb(255, 0, 0));

indicator.parameters:addInteger("width", "Dot Size", "", 2, 1, 5);

end

 

local pCCI;

local pATR;

 

local first;

local source = nil;

local ATR = nil;

local CCI = nil;

local SIG = nil;

local dotUp, dotDown;

local bufferUp, bufferDown;

 

function Prepare(onlyName)

pCCI = instance.parameters.CCI;

pATR = instance.parameters.ATR;

source = instance.source;

local name = profile:id() .. "(" .. source:name() .. ", " .. pATR .. ", " .. pCCI .. ")";

instance:name(name);

if onlyName then

return ;

end

 

ATR = core.indicators:create("ATR", source, pATR);

CCI = core.indicators:create("CCI", source, pCCI);

first = math.max(ATR.DATA:first(), CCI.DATA:first()) + 1;

 

dotUp = instance:addStream("UP", core.Dot, name .. ".UP", "UP", instance.parameters.UP_color, first);

dotUp:setWidth(instance.parameters.width);

 

dotDn = instance:addStream("DN", core.Dot, name .. ".DN", "DN", instance.parameters.DN_color, first);

dotDn:setWidth(instance.parameters.width);

 

bufferUp = instance:addInternalStream(first, 0);

bufferDn = instance:addInternalStream(first, 0);

 

if instance.parameters.Signal then

SIG = instance:addStream("SIG", core.Line, name .. ".SIG", "SIG", core.rgb(0, 0, 0), first);

else

SIG = instance:addInternalStream(0, 0);

end

end

 

function Update(period, mode)

ATR:update(mode);

CCI:update(mode);

 

if period >= first then

local thisCCI, v;

thisCCI = CCI.DATA[period];

 

if thisCCI >= 0 then

SIG[period] = 1;

else

SIG[period] = -1;

end

 

if SIG[period] == 1 and SIG[period - 1] == -1 then

bufferUp[period - 1] = bufferDn[period - 1];

end

 

if SIG[period] == -1 and SIG[period - 1] == 1 then

bufferDn[period - 1] = bufferUp[period - 1];

end

 

if SIG[period] == 1 then

v = source.low[period] - ATR.DATA[period];

if SIG[period - 1] ~= 0 and v < bufferUp[period - 1] then

v = bufferUp[period - 1];

end

bufferUp[period] = v;

dotUp[period] = v;

elseif SIG[period] == -1 then

v = source.high[period] + ATR.DATA[period];

if SIG[period - 1] ~= 0 and v > bufferDn[period - 1] then

v = bufferDn[period - 1];

end

bufferDn[period] = v;

dotDn[period] = v;

end

 

else

SIG[period] = 0;

end

end

 

//Tradestation Version

Var:

Up(0),

Dn(0);

 

//do not change the inputs for CCI and ATR

 

UP = (LOW - AvgTrueRange(5));//plots below the bars

if CCI(50) >= 0 then begin

Plot1( UP, "TrendMagic" ,Blue) ;

Condition1 = True;

end else begin

 

DN = (HIGH + AvgTrueRange(5));//plots above the bars

If CCI(50) < 0 then begin

Plot1( DN, "TrendMagic" ,Red) ;

Condition2 = True;

end;end;

 

//Alert Conditions

 

Condition1 = FALSE ;

Condition2 = False;

if Condition1 then

Alert( "TrendMagicUp" ) ;

if Condition2 then

Alert( "TrendMagicDn" ) ;

Share this post


Link to post
Share on other sites

I agree Sixpence. There was a Supertrend indicator that I originally downloaded from BigMikeTrading. It was fantastic, and I rarely lost $$ using it.

 

However, the original one seems to have disappeared & another is in its place. Same name, different behaviours...and slower to give signals...cannot make it look the same.

 

Wish I could find the original again - it was fantastic. Will keep looking.....

 

When you say there are better, what are you referring to? A similar version to the one being asked about or something completely different?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Back in the early 2000s, Netflix mailed DVDs to subscribers.   It wasn’t sexy—but it was smart. No late fees. No driving to Blockbuster.   People subscribed because they were lazy. Investors bought the stock because they realized everyone else is lazy too.   Those who saw the future in that red envelope? They could’ve caught a 10,000%+ move.   Another story…   Back in the mid-2000s, Amazon launched Prime.   It wasn’t flashy—but it was fast.   Free two-day shipping. No minimums. No hassle.   People subscribed because they were impatient. Investors bought the stock because they realized everyone hates waiting.   Those who saw the future in that speedy little yellow button? They could’ve caught another 10,000%+ move.   Finally…   Back in 2011, Bitcoin was trading under $10.   It wasn’t regulated—but it worked.   No bank. No middleman. Just wallet to wallet.   People used it to send money. Investors bought it because they saw the potential.   Those who saw something glimmering in that strange orange coin? They could’ve caught a 100,000%+ move.   The people who made those calls weren’t fortune tellers. They just noticed something simple before others did.   A better way. A quiet shift. A small edge. An asymmetric bet.   The red envelope fixed late fees. The yellow button fixed waiting. The orange coin gave billions a choice.   Of course, these types of gains are rare. And they happen only once in a blue moon. That’s exactly why it’s important to notice when the conditions start to look familiar.   Not after the move. Not once it's on CNBC. But in the quiet build-up— before the surface breaks.   Enter the Blue Button Please read more here: https://altucherconfidential.com/posts/netflix-amazon-bitcoin-blue  Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • What These Attacks Look Like There are several ways you could get hacked. And the threats compound by the day.   Here’s a quick rundown:   Phishing: Fake emails from your “bank.” Click the link, give your password—game over.   Ransomware: Malware that locks your files and demands crypto. Pay up, or it’s gone.   DDoS: Overwhelm a website with traffic until it crashes. Like 10,000 bots blocking the door. Often used by nations.   Man-in-the-Middle: Hackers intercept your messages on public WiFi and read or change them.   Social Engineering: Hackers pose as IT or drop infected USB drives labeled “Payroll.”   You don’t need to be “important” to be a target.   You just need to be online.   What You Can Do (Without Buying a Bunker) You don’t have to be tech-savvy.   You just need to stop being low-hanging fruit.   Here’s how:   Use a YubiKey (physical passkey device) or Authenticator app – Ditch text message 2FA. SIM swaps are real. Hackers often have people on the inside at telecom companies.   Use a password manager (with Yubikey) – One unique password per account. Stop using your dog’s name.   Update your devices – Those annoying updates patch real security holes. Use them.   Back up your files – If ransomware hits, you don’t want your important documents held hostage.   Avoid public WiFi for sensitive stuff – Or use a VPN.   Think before you click – Emails that feel “urgent” are often fake. Go to the websites manually for confirmation.   Consider Starlink in case the internet goes down – I think it’s time for me to make the leap. Don’t Panic. Prepare. (Then Invest.)   I spent an hour in that basement bar reading about cyberattacks—and watching real-world systems fall apart like dominos.   The internet going down used to be an inconvenience. Now, it’s a warning.   Cyberwar isn’t coming. It’s here.   And the next time your internet goes out, it might not just be your router.   Don’t panic. Prepare.   And maybe keep a backup plan in your back pocket. Like a local basement bar with good bourbon—and working WiFi.   As usual, we’re on the lookout for more opportunities in cybersecurity. Stay tuned.   Author: Chris Campbell (AltucherConfidential) Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • DUMBSHELL:  re the automation of corruption ---  200,000 "Science Papers" in academic journal database PubMed may have been AI-generated with errors, hallucinations and false sourcing 
    • Does any crypto exchanges get banned in your country? How's about other as Bybit, Kraken, MEXC, OKX?
    • Does any crypto exchanges get banned in your country? How's about other as Bybit, Kraken, MEXC, OKX?
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.