How-to add commodity in magic signal
8/1/2025 02:22pm
It seems there is no direct information on how to add commodities to the Magic Signal indicator. However, based on the available information, Magic Signal is designed to be used with stocks, not commodities. The indicator is a trend-following indicator that provides buy (green dots) and sell (red dots) signals for traders to increase or decrease their positions in stocks.
1. **Indicator Limitations**: Magic Signal is specifically designed for mid to long-term trading strategies, typically up to one quarter, and is not intended for intraday trading or commodities trading.
2. **Stock Application**: The indicator is applied to stocks, and traders use it to make decisions based on the buy and sell signals it generates. For example, if a stock receives a green dot (buy signal), it suggests a buying opportunity or an increase in position size for a potential mid-to-long-term uptrend. Conversely, a red dot (sell signal) indicates it might be time to take profits, reduce exposure, or exit a position.
If you are interested in trading commodities, you may want to explore other indicators or strategies that are better suited for commodity trading. It's important to note that Magic Signal is not designed for commodities and should not be used in that context.