What is Magic Signal

Magic Signal is a trend-following indicator designed for mid-to-long-term trading strategies, typically up to a quarter, and is not suited for intraday trading. It provides buy (green dots) and sell (red dots) signals to help traders adjust their positions accordingly. Here are key points about Magic Signal:

1. **Usage**: Utilize Magic Signal for making trade decisions for the next session, combining it with other technical indicators like Trend Sight, moving averages, MACD, and RSI to increase trade confidence and maximize profitability while minimizing risk.
2. **Signals Interpretation**:
- Green Dot (Bullish Signal): Indicates a buying opportunity or suggests increasing position size for a potential mid-to-long-term uptrend.
- Red Dot (Bearish Signal): Indicates it might be time to take profits, reduce exposure, or exit a position.
3. **Market Close Update**: The list of stocks receiving a Magic Signal update is refreshed at market close, meaning traders should use this information for the next trading session rather than intraday trades.
4. **Not For Intraday Trading**: Avoid making impulsive trades during market hours based solely on short-term price movements, as Magic Signal is not designed for real-time or day trading.
5. **Additional Resources**: For more information on Magic Signals and their usage, you can refer to the [Learn More](https://h5.ainvest.com/frontPage/premium/premium-indicator-screener/index.html#/home?sid=10005) link.