Magic Vision indicator for MetaTrader The Magic Vision indicator for MetaTrader is a custom-built trading tool that tracks the trend in the market and shows the direction of the market on a graph. It was designed using moving averages (fast, medium, and slower) of different times to permit it to track the trend’s direction.
The indicator essentially displays visual data on the direction of the trend that is represented in the red and green numbers to indicate both bearish and bullish trends and vice versa. This means that the indicator could be useful to aid you in determining the directional direction of a trending asset.
Furthermore, it also shows It also shows the Magic Vision indicator, which simultaneously shows the current market conditions (uptrend or downtrend) across all time frames displayed on the dashboard. This means it can be used to spot scalping, day/intraday trading opportunities, and swings in trading on the foreign exchange market. It is also suggested for beginners, intermediate, advanced, and novice traders.
How to Trade with the Magic Vision Indicator
The screenshot above shows how the indicator will appear on a chart for MT4. It is suggested that the indicator be used in conjunction with other indicators for trading or technical analysis to maximize performance.
It is important to note this: the Magic Vision indicator is not an indicator tool that can generate signals for buy/sell transactions. It was developed to allow you to stay in the loop on the current tendencies of all timeframes of any tradeable asset. The information on trends can be utilized as a confluence to strengthen your technical analysis prior to closing or opening the trade.
Conclusion
Its Magic Vision indicator for MT4 is among the most effective forex indicators to keep an eye on changes in the market trend. The indicator is completely free to download.
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