INVITE-ONLY SCRIPT

Magic signal

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Magic Signal is a comprehensive, all-in-one technical analysis toolkit designed for serious traders seeking clarity in market trends, strategic entry points, and defined risk management levels. This custom Pine Script indicator combines multiple proven methodologies to deliver actionable insights across different market conditions.

Key Features:

1. Trend Detection:

Utilizes a simple moving average crossover strategy to identify potential uptrends and downtrends.

Dynamic background coloring highlights the prevailing trend direction for visual clarity.



2. Entry & Exit Signal Zones:

Automatically plots suggested Entry, Stop Loss, and Take Profit 1 & 2 levels based on customizable ATR multipliers.

Visual aids (lines, labels, and filled zones) assist traders in quickly identifying optimal trade setups.



3. Risk Management:

Risk levels are clearly defined using Average True Range (ATR) to calculate volatility-adjusted stop losses and profit targets.



4. Multi-Timeframe Cloud Filter:

EMA-based cloud layers help filter out noise and identify confluences across short, medium, and long periods.

Provides visual structure to understand price dynamics more effectively.



5. Standard Deviation (SD) Bands:

Upper and Lower SD zones serve as potential reversal or breakout levels based on price volatility.



6. RSI Dashboard:

Relative Strength Index with real-time visualization of RSI levels, overbought/oversold zones, and current momentum.

Compact RSI table positioned in the top-right for quick reference.



7. Dynamic Fibonacci Levels:

Automatically detects recent swing highs and lows to plot relevant Fibonacci retracement levels for added confluence.



8. Intuitive UI:

Color-coded labels and table visuals enhance readability.

No repainting logic ensures real-time reliability and consistency in signals.





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Disclaimer:
This script is intended for educational and informational purposes only. It does not constitute financial advice or guarantee profitability. Always do your own research and risk analysis before entering any trade. Past performance is not indicative of future results.


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Important Note:
This is an invite-only indicator. Access is granted at the discretion of the author. Unauthorized redistribution or reselling is strictly prohibited.

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