How to use magic indicator
6/5/2025 08:03pm
Here is some information about how to use Magic Signal indicator:
1. **Access the Indicator**: To view the Magic Signal, switch to the pro mode of the bar chart and look for the option in the subchart window. A green triangle indicates a buy signal, while a red signal under the line indicates a sell signal.
2. **Interpret the Signals**: Green dots (bullish signals) suggest a buying opportunity or an increase in position size for a potential mid-to-long-term uptrend, while red dots (bearish signals) indicate it might be time to take profits, reduce exposure, or exit a position.
3. **Use for Long-Term Trading**: Magic Signal is designed for mid to long-term trading strategies, typically up to one quarter, and is updated at market close, making it unsuitable for intraday trading.
4. **Combine with Other Indicators**: For best results, combine Magic Signal with other technical indicators like Trend Sight, moving averages, MACD, and RSI to increase confidence in trades and maximize profitability while minimizing risk.