Trend_Magic Indicator

[elbone 10]

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.

[Tams 20]

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 December 6, 2010 by Tams

[elbone 10]

The indicator is locked. I do not know any of the logic.

[youri 10]

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

[ubergoober 10]

I had a copy of the source stashed in my collection.

Merry Christmas

Trend Magic.mq4

[ubergoober 10]

Here ya go, the source file.. Merry Christmas!

Trend Magic.mq4

[victoria 10]

the idicator is Spertrend indicator, if you are using ninja or ts, just google it, its available for download for free from many forums.

[Sixpence 10]

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

[ankja2007 10]

is the afl for Amibroker for the same indicator available??

[Iris 10]

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" ) ;

[oddball 10]

I downloaded the above TS code, but it doesn't look anything like the picture in the thumbnail. anyone have the EL code?

[atuc 10]

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

[Dutchie 10]

Looks like an ATR indicator, usually used for stops.

 

Regards,

 

Dutchie

[2trade 10]

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

[Iris 10]

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" ) ;

[Chippy 10]

If it is free and available to all it doesn't work......ever wonder why everyone has it?

[r4bb1t 10]

i hate that people renaming traditional indicator to another.

it's just CCI(50) that is plotted as ATR tailing stop.

[Goldfish 10]

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?