Magic Band — Indicator by shijithlal

This indicator can help you to understand the current trend and help you to take an entry, If your analysis looks good to go for long entry, check that where is your candle based on this indicator,If the candle is above the indicator it is goo to go for long and if it is bellow the indicator it is good to go for short.

More than that the candle is closing strong above the indicator after crossing the indicator , then it is a good sign to take a long position. Similarly if the candle close strongly bellow the indicator after crossing the indicator then it is good to go for short position.

Use the indicator with other indicators or your analysis.

Please contact me for more details.

Release Notes:

Please send personal message to me if you want to access this script.

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact shijithlal for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?

Warning: please read before requesting access.